Nov 9, 2012

Laos - Czech Republic president impressed with Lao economy

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Czech Republic President Vaclav Klaus yesterday visited the Lao Brewery Company (LBC) in Vientiane for talks about doing business in Laos.

During his visit, Mr Klaus met Lao alumni of universities in the former Czechoslovak Socialist Republic (Czechoslovakia) who are now working at the company.

He also met with the board of managers and discussed the possibility of investment and strengthening cooperation between the two countries.

LBC Managing Director Kissana Vongsay briefed Mr Klaus on the company’s history and the Lao economy.

LBC products account for a 98 percent share of the domestic beverage market, and Beerlao is exported to 14 countries.

Mr Klaus said he was impressed with the ach ievements of the company’s management team, and said he would send officials from the Czech Ministry of Industry and Trade to Laos for talks with government officials next March. The visit would seek to promote economic cooperation between Laos and the Czech Republic.

Mr Klaus came to Laos to attend the 9th Asia-Europe Meeting Summit from November 5-6.

He met with President Choummaly Sayasone and on Tuesday night attended the 50th anniversary celebration of diplomatic relations between Laos and the Czech and Slovak Republics.

Mr Klaus and his delegation left Vientiane yesterday.

Laos and Czechoslovakia established diplomatic relations on September 5, 1962.

Source: Vientiane Times

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