Viet Nam’s PetroVietnam Oil Corporation (PV OIL) is running profitably in Laos, with average revenues of over US$100 million and a contribution of over $20 million to the host country’s budget a year.
The State Bank of Vietnam has allowed the Viet Nam Joint Stock Commercial Bank for Industry and Trade (VietinBank) to establish a wholly owned bank in Laos on the basis of branch conversion.
The Truong Hai Auto company (Thaco) will deliver its first batch of domestically assembled cars to Laos next Sunday, the company confirmed on Wednesday.
Subsidiaries of HAG Group (HOSE: HAG) currently do investing activities in the field of rubber tree and sugarcane planting in Laos and Cambodia. HAG believe that we conform to the local laws strictly, including forest protection. HAG does not take part in wood exploitation including profitable wood in transferable area of HAG. Lao and Cambodian Governments have full rights to control, owe and decide all of the wood volumes.