Planning to do business in Laos? Here’s our round-up of local government agencies and business chambers that may be useful.
Landlocked by Myanmar, Cambodia, China, Thailand, and Vietnam, Laos is among the poorest economies of the world. But its vast natural resources - including agriculture and forestry products, minerals such as gold, copper, zinc, and lead, and hydro-electric potential - have helped drive economic growth. The country has logged average growth of 7.8 percent over the past decade.
6.8 million (2016)
Lao Kip (LAK)
EASE OF DOING BUSINESS
Ranked 141 out of 190 economies (World Bank Doing Business 2018)
The Investment Promotion Department (IPD), which operates under Laos' Ministry of Planning and Investment, is responsible for promoting Laos as an investment destination, offering investment incentives, screening investment proposals, collecting investment data and monitoring investment practices.
The economic potential of China’s Belt and Road projects in South-east Asia is huge. But whether that potential can be maximised hinges not on...
Vietnam expected to weather the crisis best, while Cambodia is hit the worst
Laos' economic recovery from 2019's natural disasters could be stymied by the Covid-19 pandemic, ASEAN+3 Macroeconomic Research Office (AMRO) said...
Upon his visit to Laos in November 2017, Xi Jinping wrote in an open letter, published in English and Lao in Laotian mainstream media, that “there...
The collaboration will allow Laos to tap into Singapore's IP expertise and for Singapore patents to be re-registered in Laos
With increasing clustering taking place around existing cities, the rate of urbanisation in the Greater Mekong region, which comprises Cambodia,...