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Economy

Vietnam, Myanmar and Laos emerge as FDI magnets

James Zhan, the director of investment and enterprise, UNCTAD, announcing the ASEAN Investment Report 2016 in Vientiane on Sept.6.

VIENTIANE -- Foreign direct investment into Southeast Asia's less developed countries surged in the runup to the creation of the ASEAN Economic Community at the end of last year, a new report shows. Cambodia, Laos, Myanmar and Vietnam reaped a 38% increase, as multinationals clearly saw opportunities in the envisioned single AEC market.

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