news-and-events

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.

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(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.

 

 

On 6th October 2015, the Laos Investment Seminar was organized in Tokyo, Japan by Ministry of Planning and Investment of Lao PDR and ASEAN Japan Centre. This event attracted about 250 Japanese investors.

On the remarks of H.E. Mr. Somdy Douangdy, Minister of Planning and Investment, keynote speaker of the seminar, Minister Somdy said that the seminar is among the activities to celebrate the 60th Anniversary of Laos and Japan Diplomatic Relation. 

The speech covered the 5 year Social and Economic Development Plan 2016-2020 and key targets that are needed. One of key elements is the contribution of the domestic and foreign investments. Thus, the investment environment improvement and investment liberalization are significant to attract Japanese Investors to Laos and contribute to the development of the Lao PDR and embrace with the mutual benefits of both sides. The liberalizing the service sector is one of the top priority of the Lao Government agenda, the equity participation of the foreign investors is up to 100% for the wholesales/retails business and 70% for the tourism business. 

Minister Somdy and Ambassador Khenthong Nuanthasing, Lao Ambassador to Japan, expressed the common point that the special economic zone would play crucial role in attracting the Japanese investments. There are over 10 SEZs located in strategic locations around the country. 

Three speakers from SEZ of Laos shared vivid information of their SEZs and how the Japanese investments would take the opportunities and benefits from investing in the zones.

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 and 42 enterprises registered in the zone.   

Pakxe-Japan SME Specific Economic Zone is located in Champasack province (southern part of Lao PDR). This SEZ is divided to three zones covering about 205.5 Hectare of totally land area. This new SEZ established in August 2015 and welcomed 6 enterprises.

Thakhek Special Economic Zone is located in Khammouane Province (central part of Lao PDR). It is few minutes from the 3rd Mekong Friendship Bridge between Laos and Thailand. This SEZ has about 1244 Hectare for the future development.

SEZs in Lao PDR features several incentives which are considered having several competitive incentives.

(Seminars' honorary guests,Mr. Daisuke Hiratsuka, Executive Vice President of JETRO; Dr. Bounthavy Sisouphanthong, Vice Minister of Planning and Investment; Professor Yasuhiro Yamada, Special Assistant to the President of ERIA on CLMV issues (from left to right))

On September 30, 2015, the Policy Recommendation Seminar to Government of Lao PDR “Enhancing Industry in Lao PDR: Services Liberalization, Simplification of Investment of Investment Procedures and Human Resource Development” was organized by JETRO, IDE-JETRO, ERIA and Ministry of Planning and Investment. This event welcomed about 100 guests from the Japanese Embassy, Ministries concerned and local University

On the remarks of Dr. Bounthavy Sisouphanthong, honorary guest of the seminar, it covered the 5 year Social and Economic Development Plan 2016-2020 and key targets that are needed. One of key elements is the contribution of the domestic and foreign investments. Thus, the Vice Minister was strongly encourage JETRO, IDE-JETRO and ERIA support the liberalization and improve the business environment. Thus, it would attract Japanese Investors and contribute to the development of the Lao PDR and embrace with the mutual benefits of both sides.

(The Group Photo Session attended by VIP guests from Ministry of Planning and Investment, JETRO, IDE-JETRO, ERIA and representatives from line ministries.)

This seminar is realized with further request by H.E. Mr. Thongsing Thammavong, Prime Minister of Lao PDR to Mr. Hiroyuki Ishige, President of JETRO, to break down the policy recommendations into more practical and pragmatic policies and to have a seminar for government officials of Lao PDR. Dialogue between the government officials of Lao PDR and JETRO/IDE-JETRO staffs was also hold in this seminar. The organizers shared the common expectation that the seminar would create realistic policy views, and help Lao PDR to graduate from the least developed countries in 2020.

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Last update: 22 September 2017.