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Indochina states drive Asean investor appeal

Although they are the poorest countries in the regional bloc, investors are drawn to their advantageous geographical locations and relatively stable governments.

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The largest of the sub-group's four economies, Vietnam is expected to cross the US$300 billion GDP mark by 2022, based on robust growth of 6.2 per cent annually between 2016 and 2022.

THE Indochina quartet of Cambodia, Laos, Myanmar and Vietnam (the CLMV countries) are predicted to remain the fastest-growing sub-region within Asean - at least until 2022 - and are seen by many foreign investors as the key magnets drawing attention to Asean. The four, however, need to catch up...

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