Laos calls for more foreign investment

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HANOI, July 19 (Xinhua): Laos is appealing for more foreign investors, especially Vietnamese ones, to do business in its capital Vientiane, local newspaper Vietnam News reported yesterday.
The Lao government has encouraged all forms of foreign investment from business cooperation contracts to joint ventures and wholly foreign-invested firms, director of the Vientiane Department of Industry and Trade Bounpone Sisoulath said at a conference on appealing for investment and trade in Laos held in Vietnam's southern Ho Chi Minh City.
Vietnam, currently having 106 projects with capital of 504 million dollars, is the third largest foreign investor in Laos after China and Thailand.