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Economy May 13, 2016 01:00

By Asia News Network

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Thais top Laos’ inbound tourist list

 THAIS have topped the list of tourists coming to Laos over the past decade, according to a Laotian government report.

The report by the Tourism Development Department of the Ministry of Information, Culture and Tourism shows that more than 2.3 million Thai tourists out of a total of 4.6 million came to Laos last year.

The report revealed that Vietnamese nationals constituted the second-highest number with 1.18 million visitors. Next on the list were the 511,436 Chinese nationals, the 165,328 visitors from South Korea, and the 43,825 Japanese tourists.

The Asia-Pacific region has a 93-per-cent share of the tourism market in Laos while Europeans have 5 per cent.

Of the European nationals, the largest number came from France with 55,151, followed by the 41,508 visitors from the United Kingdom, the 31,897 from Germany, the 12,532 from Russia, and the 9,777 from Switzerland. – Vientiane News

 Thailand Yacht Show dates announced

 The dates for the second edition of the Thailand Yacht Show have been confirmed for December 15-18, with the massive event to be held once again at Phuket’s prestigious Ao Por Grand Marina.

In making the announcement, managing director Andy Treadwell of show organiser Singapore Yacht Events (SYE) said that as a joint venture with the government it was important for the show to avoid clashing with the dates for the King’s Cup Regatta (December 3-10).

He also said most stakeholders in the show agreed that “there is a better chance of getting more of our targeted high-net-worth visitors from overseas to come to Phuket just before the holiday period really starts”.

He said the organisers had been working hard to coordinate with various government departments, along with other major participants in the industry, “to attract many more of the Mediterranean-based charter yachts to Thailand for the winter instead of [seeing them] going to the Caribbean”.

“It would not make sense in the long term to hold the show right in the middle of the international charter season,” he said.

As with the Singapore Yacht Show, the Phuket Gazette and Nation Multimedia Group are national media partners for the Thailand show, which is already counted among Phuket’s top three annual events, alongside the King’s Cup and the Laguna Phuket Triathlon. – Phuket Gazette

 FDI in HCM City takes a dip in first quarter

 A shortage of new large garment and textile projects caused foreign direct investment in Ho Chi Minh City’s manufacturing sector to fall in the first quarter compared with the same period of 2015, according to the Ho Chi Minh City Export Processing and Industrial Zones Authority.

Hepza’s report pointed out that industrial parks and export processing zones (EPZs) in the city attracted only US$115.67 million (Bt4.08 billion) in FDI for the first quarter, a year-on-year decrease of 69.49 per cent.

Projects included a $35.5-million project by Yazaki Eds Vietnam Co in the Tan Phu Trung Industrial Park, a $30-million increase in its capital by Furukawa Automotive Parts Co, both in the automobile support industry, and a $25.6-million project by Nam Duong International Food Company (Singapore) at Hip Phuc Industrial Park to produce sauces and condiments.

Tran Viet Ha, head of the Investment Management Department at Hepza, said that in the same period last year industrial parks and EPZs attracted $379.14 million in foreign capital, mostly for garment and textile projects such as the $300-million project of Worldon Vietnam of Hong Kong and South Korea’s Nobland Vietnam, which increased investment capital by $18 million to $61 million.

This year, no licences have been granted to garment and textile projects, Ha told the Dau tu (Investment) newspaper. – Viet Nam News