US companies look to invest in fast-growing Laos

HANOI (AFP) - United States companies, whose investments trail far behind those of China, Vietnam and Thailand in communist Laos, are turning their attention to the poor but fast-growing nation, an official said on Thursday.

The US-Asean Business Council this week took its first formal delegation to Laos, as part of a regional tour that included Cambodia and Vietnam, said Frances Zwenig, who led the tour by five corporations.

'As the economic activity in Laos has picked up, our companies obviously have noticed,' Mr Zwenig told AFP in an interview.

'Laos is a new frontier for US companies,' Coca-Cola general manager for Laos and Thailand, Jorge Garduno, said in a statement from the Business Council, which represents more than 100 major American firms.

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