Kuala Lumpur, May 11 – Strong turnout of 400 was recorded at the Malaysia-Lao PDR Business Forum held at MATRADE Hall Tuesday indicating a strong interest by Malaysian business community to do business with Lao PDR.<\/p>\n
The forum was officiated by Dr. Thongloun Sisoulith, the Prime Minister of Lao PDR. Khemmani Pholsena the Minister of Industry and Commerce was also present as well as a number of other Lao PDR Ministers.<\/p>\n
Malaysia\u2019s trade with Lao PDR is currently on the way upward trend. In 2016, our total trade has grown by 76% to USD30.9 million from 2015. Moving forward, among key areas in which we are targeting to boost our exports to Lao PDR are building materials, machinery tools, consumer products and medical disposable products.<\/p>\n
Minister of International Trade and Industry, Datuk Seri Mustapa Mohamed said, \u201cBoth Malaysia and Lao PDR are currently undergoing economic liberalization initiatives at the national and regional level. We need to continuously promote strategic partnership between Malaysian and Laotian companies by leveraging on our economic complementarities. Our countries are working closely with the rest of ASEAN member states to promote closer economic integration and boost intra-ASEAN trade as well as investment”.<\/p>\n
On the investment front, in the period of 2011-2015, Malaysia has invested USD570 million in Lao PDR. We are currently the fourth largest foreign investor in their country.<\/p>\n
Malaysia\u2019s presence in Lao PDR continues to grow from strength to strength over the last 10 years. To date, there are over 25 Malaysian companies which are actively operating in the country, in key areas such as hydropower, mining, development of specific economic zones, and infrastructure projects, especially railway.\u00a0<\/p>\n
Out of 12 Specific Economic Zones (SEZs) established or being planned by Lao PDR, it should be noted that three of them are being developed by Malaysian companies. The most notable one is the Savan Park \u2013 a joint venture development between the Lao Government and Savan Pacifica Development.\u00a0<\/p>\n
\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"
Kuala Lumpur, May 11 – Strong turnout of 400 was recorded at the Malaysia-Lao PDR Business Forum held at MATRADE Hall Tuesday indicating a strong interest by Malaysian business community to do business with Lao PDR. The forum was officiated by Dr. Thongloun Sisoulith, the Prime Minister of Lao PDR. Khemmani Pholsena the Minister of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[],"class_list":["post-479","post","type-post","status-publish","format-standard","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/479","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/comments?post=479"}],"version-history":[{"count":1,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/479\/revisions"}],"predecessor-version":[{"id":5616,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/479\/revisions\/5616"}],"wp:attachment":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/media?parent=479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/categories?post=479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/tags?post=479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}