Group Lease eyes Laos, Vietnam markets

14 March 2013
The Bangkok Post
Economy and commerce / Investment / Trade
ASEAN countries / ASEAN Economic Community / Cambodia / GL / Group Lease Plc / Honda / Indonesia / Laos / motorcycle leasing firm / motorcycles / SET / Thailand

Group Lease Plc (GL), the SET-listed motorcycle leasing firm, is planning to expand into Laos and Vietnam next year after a successful move into Cambodia last year. … Mitsuji Konoshita, the chairman and chief executive, said both Laos and Vietnam are promising markets, while the company plans to launch its business in Indonesia before the inauguration of the Asean Economic Community in 2016. … GL has operated in Cambodia for a year and built up a portfolio of 2,000 leased motorcycles without any non-performing loans thanks to a prudent approach in a new market. …

http://www.bangkokpost.com/business/financialadvice/340373/group-lease-eyes-laos-vietnam-markets