Government Pursues Closer Economic Ties with Vietnam

September 2004 | Political Risk Analysis

In May, the deputy prime minister, Thongloun Sisoulith, said that the government was offering preferential treatment for Vietnamese companies investing in Laos, including tax breaks, reductions in land rent, and zero duty on imports. Thongloun was speaking at a meeting of around 100 Vietnamese firms in Ho Chi Minh City organised jointly by Vietnam's Ministry of Planning and Investment and Laos's Committee for Co-operation and Planning. According to official figures, there are currently 29 Vietnamese firms with investments in Laos, worth a combined US$19m. However, the actual figure is almost certainly higher. Vietnamese companies have investments in projects in agriculture,

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