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Jakarta Post

Laos set to attract more ‘quality investment’

  • Souksakhone Vaenkeo

    The Jakarta Post

  /   Fri, October 19 2018   /  02:42 am

Laos will attract more quality investment, including from the United States, as the small landlocked country continues to improve its investment climate, a senior official from the US State Department said this week.Deputy Assistant Secretary Walter Douglas from the Bureau of East Asian and Pacific Affairs made the comment at talks with Lao officials when he visited the country from October 14 to 16, the US Embassy said.“As Laos continues to improve its business environment, it will increasingly attract high quality investment, including from the US,” Douglas was quoted as saying during talks with the deputy minister of energy and mines, Thongphat Inthavong.“This will drive sustainable and inclusive economic growth while providing opportunity for American business.”Douglas was in Laos to review the progress in bilateral relations and to brief Lao officials on the US Indo-Pacific ...