(KPL) Laos is attracting foreign investors from both the public and private sectors, especially investors and businesses from Japan, as the country is currently ranked as the 6th largest foreign investor in Laos.
Meanwhile more than 130 Japanese companies are already investing in various fields throughout Laos, according to an official of the Japan Embassy to Laos.
The official also noted that ASEAN connectivity will encourage Japanese companies to invest in Laos and will help Lao SMEs participate regionally.
Japanese investors and businesses have been investing in manufacturing, garment and textile, modern wood processing and service industries. Other areas earmarked to attract foreign direct investment are organic farming, transportation, education, and health.
Therefore, Laos has taken this opportunity to promote Japanese investment through various means.
Prime Minister Shinzo Abe has outlined a firm policy which considers ASEAN a significant destination for socio-economic cooperation.
At present, Laos has created 10 Special Economic Zones with two more on the way in the near future. The country also has numerous Specific Economic Regions as well.