Lao AMCHAM Officially Launched

Leaders of Vientiane’s business community gathered at the home of U.S. Ambassador Karen Stewart Sep. 19 for a gala reception celebrating the official launch of the Lao Chapter of the American Chamber of Commerce.

Establishment of the Lao Chapter of the American Chamber of Commerce (colloquially known as AMCHAM) was authorized by the Ministry of Foreign Affairs on July 25, 2012, in order to facilitate the investment and growth of U.S. businesses in Laos, thus contributing to the overall development of the nation.

More than 75 people attended the reception, representing over 50 U.S. and Lao businesses. Currently, there are 40 U.S. businesses operating in Laos. Licensed U.S. investment in Laos is $77 million dollars, while bilateral trade between Laos and the U.S. is valued at $85 million dollars

In her remarks, Ambassador Stewart explained how AMCHAM would benefit both Lao and U.S. businesses, and strengthen economic ties between the two nations.

“AMCHAM can be a strong partner to the Lao National Chamber of Commerce and Industry and the Lao government as this country continues to develop its business environment and works to integrate its economy regionally and globally,” she said.

The AMCHAM expects to host activities each month for members, alternating between social networking events and business-oriented presentations. For more information on how to join AMCHAM, please see the following link:  http://www.amchamthailand.com/acct/asp/cmtedetails.asp?MenuCatID=8&CmteID=129&MenuItemID=3&SponsorID=735

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