Vientiane Economy Growing

by cubiclejot on August 10, 2011

With the US and European financial markets/economy taking a nose dive it’s good to know that the capital of Laos is doing well. How does this help me? It doesn’t, but maybe we should throw some money into Laos….wait I mean invest money.

What the Bangkok Post had to say:

The economy of Vientiane grew 12% in the first three quarters of the fiscal year, with GDP of 21,437 billion kip (80 billion baht) as of June 30, officials said.

The Laotian capital welcomed 948,000 tourists in the nine-month period to June 30, primarily from Thailand, generating US$85 million in spending, the Vientiane Times reported.

During the same period, authorities approved 7,300 billion kip (27 billion baht) worth of investment projects, an 84% increase from the same period of the previous fiscal year. dpa


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