news-and-events

Laos Economy and Investment Dialogues 2016 in Tokyo and Fukuoka.

 

On 15th and 17th November 2016, Laos Economy and Investment Dialogues 2016  were organized Tokyo and Fukuoka, Japan by Ministry of Planning and Investment of Lao PDR and ASEAN Japan Centre. These events attracted over 200 Japanese Investors.

 

On the remarks of H.E. Ph.D Souphanh Keomixay, Minister of Planning and Investment, it was mentioned that the forum is to foster the closer co-operation between Lao PDR and Japan which marked 60th anniversary in 2015.

The remarks of Minister Keomixay elaborated the Vision 2030 of the Lao Government, the 2025 Socio-economic Development Strategy and the 8th Social and Economic Development Plan 2016-2020. One of key elements to achieve those goals is the contribution of the domestic and foreign investments.

Minister Keomixay also shared the new business opportunities in Laos and encouraged the investors to explore the potential of the promising infrastructure development and the integration of Laos to ASEAN and the region. Under the Chairmanship of ASEAN in 2016, Laos has been working closely with the ASEAN member States and dialogue partners to foster the integration and conducive business environment. 

Minister Keomixay emphasized that the special and specific economic zones would provide business opportunities in manufacturing and service sectors. Currently, two out of total 12 SEZs were here with us and they were very happy to explain about the advantages of investing in their zones and talked with Japanese investors in person.

Savan Park is located in Savannakhet Province (central part of Lao PDR) which takes full advantage of the East-West Economic Corridor. This SEZ covers the total land area of 234 Hectare (ha) and 47 enterprises registered in the zone.

Pakse-Japan SME Zone is located in Champasack Province (southern part of Lao PDR) and it is one part of Champasack SEZ with total area of 995 Ha. It was established in 2015 and aims to target Japanese SMEs.

SEZs in Lao PDR features several incentives which are considered having several competitive incentives comparing to incentives granted outside the SEZs.

 

 

 

Promoting Lao Investment Opportunities in Agriculture, Manufacturing, and Tourism sectors to Korean Businesspersons

 

On 1st September 2016, the Investment and Business Opportunities in Lao PDR Forum – Focusing on Ago-based and Tourism Industries- was organized in Seoul, Republic of Korea by Ministry of Planning and Investment of Lao PDR and ASEAN Korean Centre. This event attracted over 100 Korean and Lao audiences.

On the remarks of H.E. Ph.D Souphanh Keomixay, Minister of Planning and Investment, keynote speaker of the seminar said that the forum is among the activities to foster the closer co-operation between Lao PDR and Republic of Korea since the establishment of the diplomatic relation since 1995.

The remarks of Minister Keomixay elaborated the Vision 2030 of the Lao Government, the 2025 Socio-economic Development Strategy and the 8th Social and Economic Development Plan 2016-2020. One of key elements to achieve those goals is the contribution of the domestic and foreign investments. The forum showcased three key sectors of investment in Laos such as agriculture, manufacturing and tourism. Each of the topic would be given an insightful information by representative from relevant government authorities from Laos.

Minister Keomixay emphasized that the special and specific economic zones would provide a promising business manufacturing and service sectors. Currently, two out of total 12 SEZs were here with us and they were very happy to explain about their zones and talked with Korean investors in person.

Savan Park is located in Savannakhet Province (central part of Lao PDR) which takes full advantage of the East-West Economic Corridor. This SEZ covers the total land area of 234 Hectare (ha) and  47 enterprises registered in the zone.

Luang Prabang SEZ is located Luang Prabang Province with total zone area of 4,850 ha. They investment portfolio cover wide range such as real estate development, international high school, hospital medical centers, banking and financial institutions, hotel, entertainment venues and restaurants, sport center, cultural center and amusement parks, etc.

SEZs in Lao PDR features several incentives which are considered having several competitive incentives comparing to incentives granted outside the SEZs.

 

 

 

To: All Foreign and Domestic Enterprises investing in Mining, energy, agriculture and other concession projects in Lao PDR.

Subject: The 2nd Official Announcement on the official use annual investment report template for all concession projects in Lao PDR.

Look More Information......

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(The meeting hosted by Minister Somdy Doungdy and Ambassador Takeshi Hikihara)

On December 16, 2015, the 9th Lao-Japan Public and Private Sectors Joint Dialogues 2015 was organized at Lao Hotel Plaza by Ministry of Planning and Investment and Embassy of Japan to Lao PDR in collaboration with JBIC Bangkok, JETRO Vientiane, and JICA Laos. 

In the remarks of Minister Somdy Doungdy, Minister of Planning and Investment, Chairman of the meeting, there was strong emphasys on the 5 year Social and Economic Development Plan 2016-2020 and the vision 2030 of the country. One of key elements is the contribution of the domestic and foreign investments. Thus, Minister Somdy  strongly support the liberalization and improvement of the business environment. From the Ease of Doing Business Report, Laos has improved 5 ranks from 139 in 2015 to 134 in 2016. We aim to have the 2 digits rank in the near future. "We hope the dialogue today would be a significant platform to solve some existing issues related to Law and approval procedure; taxation; and customs and logistics" said by Minister Somdy. This would attract Japanese Investors and contribute to the development of the Lao PDR and embrace with the mutual benefits of both sides. The Ambassador Takeshi Hikihara, co-chair of the meeting, shared the common views with Minister Somdy and also emphasized that the improving of the business climate would bring the win-win benefits to both sides.

In the wrap up statements, Minister Somdy and Ambassador Hikihara acknowledged some of the issues have been solved during the dialogue  and the existing problems that are needed to address together. Moreover, both sides agreed to organize the 10th Laos-Japan Public and Private Sectors Joint Dialogues 2016.

Lao-Japan Public and Private Sectors Joint Dialogues was launched in 2007. The dialogue is the annual meeting, which acts as the platform to discuss and solve the issues confronted by Japanese business community in Laos.

 

 

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Last update: 11 April 2017.