Bangkok - A Chinese automobile maker is looking to land-locked Laos for a 80-million-dollar assembly plant to produce vehicles for the local market and exports, Radio Vientiane reported Wednesday.
Chang Jung Xin, chairman of the Futam Group from China's Guangdong province met with Lao Prime Minister Bouasone Bouphavanh in Vientiane on Tuesday to discuss the investment, said the state-run radio station in a broadcast monitored in Bangkok.
Chang set no timeframe for the investment, which proposes to use Laos as a production base for Futam brand buses and cars for the domestic market and exports to neighbouring countries.
The assembly plant proposes to employ 2,000 Lao workers, said the radio.
Laos is a land-locked country half the size of France with a population of close to 5 million.
