American retail giant Walmart shows interest in Laos
Walmart might be moving to Laos. An American multinational retail conglomerate, best known for its hypermarket and grocery store chains across the States, has shown its interest in Laos as a group of Lao-Americans met yesterday, including the Lao Overseas Affairs Department and the Lao National Chamber of Commerce and Industry (LNCCI), to discuss investment in Laos.
The team, led by Lao-American businesswoman Supha Xayprasith-Mays from the Walmart group, arrived in Laos to promote business between the two countries and reportedly met with Oudet Souvannavong, President of the LNCCI, to explore ideas and the prospects for American corporations to invest in Laos.
At the meeting, Viengxay Wilaikul, President of Wilaikul International Gold Mine Co. Ltd., a prominent Lao-American, also attended. Supha was a contestant for governor of Arkansas in the US last year.
The US has spent around US$280 million in Laos through various industries such as construction, mining, finance, and other services. The value of trade between Laos and the US reached US$157.3 million in the first six months of 2021, with US$29.9 million in exports and 127.5 million in imports.
SOURCE: The Star
Join the conversation and have your say on Thailand news published on The Thaiger.
Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.
Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.
Recent comments: