Laos
Chinese property developer increases its presence in Laos
2013 is forecast to be a positive year for the economy in Laos Today reports that a property developer based in Shaghai, China has recently initiated the construction of a US$1.6 billion project in Vientiane, the capital city of Laos. This move gives a considerable boost to Chinese presence in the Laos economy. Last December, the Lao government achieved an agreement with Shaghai’s Wanfeng Group, a major developer of Chinese shopping malls, to develop 365 hectares around That Luang Lake in Vientiane. The project will comprise a commercial, residential and tourist complex. According to the Xinhua news agency and Wanfeng’s website, construction of this project began at the beginning of this week
2013 is forecast to be a positive year for the economy in Laos Today reports that a property developer based in Shanghai, China has recently initiated the construction of a US$1.6 billion project in Vientiane, the capital city of Laos. This move gives a considerable boost to Chinese presence in the Laos economy.
Last December, the Lao government achieved an agreement with Shanghai Wanfeng Group, a major developer of Chinese shopping malls, to develop 365 hectares around That Luang Lake in Vientiane.
Wanfeng Group
The project will comprise a commercial, residential and tourist complex. According to the Xinhua news agency and Wanfeng’s website, construction of this project began at the beginning of this week
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Thailand Property – China increases its presence in Laos
Asean
CLMV economies Outlook by EIC Q1/2021
Within the region, Vietnam’s economy is projected the fastest growth due to ongoing strong exports performance for electronics products and a resilient domestic economy.
The global recession and COVID-19 pandemic heavily affected CLMV economies in 2020, resulting in major slowdown in Vietnam and Myanmar whereas Laos and Cambodia faced economic contractions from additionally specific negative factors.
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Laos
China’s debt-trap diplomacy: Laos’ credit rating downgraded to CCC
Laos’ debt challenge is deeply concerning, with some media commentators suggesting the country is falling into a debt trap as a result of Chinese infrastructure investments connected to the Belt and Road Initiative (BRI)
On 23 September, the Fitch Ratings agency downgraded Laos’ credit rating to CCC — the second downgrade in 2020, having dropped to B- in May.
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