[\/et_pb_text][et_pb_divider color=”#357baf” divider_weight=”5px” _builder_version=”4.16″ _module_preset=”default” width=”122px” module_alignment=”center” global_colors_info=”{}”][\/et_pb_divider][et_pb_text _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n
The Lao PDR Economy Continues To Be Experience Dynamic Growth And Resilience To Withstand Global Pressures, Largely Due To The Following Factors:<\/p>\n
[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_4,1_4,1_4,1_4″ use_custom_gutter=”on” gutter_width=”2″ make_equal=”on” _builder_version=”4.20.2″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″][et_pb_column type=”1_4″ _builder_version=”4.16″ _module_preset=”default” background_color=”#f4f4f4″ custom_padding=”40px||40px|25px|true|false” box_shadow_style=”preset3″ global_colors_info=”{}”][et_pb_text _builder_version=”4.16″ _module_preset=”default” text_font=”|800|||||||” text_text_color=”#01477a” text_font_size=”40px” header_font=”|700|||||||” global_colors_info=”{}”]01<\/strong> ABOUT LAOS<\/strong><\/p>\n [\/et_pb_text][et_pb_divider color=”#FFFFFF” divider_weight=”5px” _builder_version=”4.16″ _module_preset=”default” width=”10%” module_alignment=”center” global_colors_info=”{}”][\/et_pb_divider][et_pb_text _builder_version=”4.16″ _module_preset=”default” text_text_color=”#FFFFFF” text_font_size=”18px” text_line_height=”1.6em” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n Lao PDR is poised to boost competitiveness and emerge as a key economy in Southeast Asia, and transforming itself into one of the most dynamic countries in the region, offering diverse business opportunities to both domestic and foreign investors. becoming the preferred gateway to Asean markets<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.16″ _module_preset=”default” custom_padding=”0px||0px|||” locked=”off” global_colors_info=”{}”][et_pb_row _builder_version=”4.16″ _module_preset=”default” custom_padding=”0px|||||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https:\/\/investlaos.gov.la\/wp-content\/uploads\/2021\/10\/Union-28.svg” title_text=”Union 28″ align=”center” _builder_version=”4.16″ _module_preset=”default” width=”10%” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.16″ _module_preset=”default” custom_padding=”0px||0px|||” locked=”off” global_colors_info=”{}”][et_pb_row column_structure=”1_5,1_5,1_5,1_5,1_5″ _builder_version=”4.20.2″ _module_preset=”default” animation_direction=”bottom” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″][et_pb_column type=”1_5″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https:\/\/investlaos.gov.la\/wp-content\/uploads\/2021\/10\/Group-758.svg” title_text=”Group 758″ align=”center” _builder_version=”4.16″ _module_preset=”default” background_enable_color=”off” custom_margin=”||0px|||” border_radii=”on|20px|20px|20px|20px” global_colors_info=”{}”][\/et_pb_image][et_pb_text _builder_version=”4.16″ _module_preset=”default” text_text_color=”#01477a” text_font_size=”18px” global_colors_info=”{}”]<\/p>\n Land Area [\/et_pb_text][\/et_pb_column][et_pb_column type=”1_5″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https:\/\/investlaos.gov.la\/wp-content\/uploads\/2021\/10\/Group-759.svg” title_text=”Group 759″ align=”center” _builder_version=”4.16″ _module_preset=”default” custom_margin=”||-2px|||” global_colors_info=”{}”][\/et_pb_image][et_pb_text _builder_version=”4.16″ _module_preset=”default” text_text_color=”#01477a” text_font_size=”18px” global_colors_info=”{}”]<\/p>\n Capital [\/et_pb_text][\/et_pb_column][et_pb_column type=”1_5″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https:\/\/investlaos.gov.la\/wp-content\/uploads\/2021\/10\/Group-760.svg” title_text=”Group 760″ align=”center” _builder_version=”4.16″ _module_preset=”default” custom_margin=”||-1px|||” global_colors_info=”{}”][\/et_pb_image][et_pb_text _builder_version=”4.16″ _module_preset=”default” text_text_color=”#01477a” text_font_size=”18px” global_colors_info=”{}”]<\/p>\n Population [\/et_pb_text][\/et_pb_column][et_pb_column type=”1_5″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https:\/\/investlaos.gov.la\/wp-content\/uploads\/2021\/10\/Group-761.svg” title_text=”Group 761″ align=”center” _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_image][et_pb_text _builder_version=”4.16″ _module_preset=”default” text_text_color=”#01477a” text_font_size=”18px” custom_margin=”-33px|||||” global_colors_info=”{}”]<\/p>\n Labor Force [\/et_pb_text][\/et_pb_column][et_pb_column type=”1_5″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https:\/\/investlaos.gov.la\/wp-content\/uploads\/2021\/10\/Group-762.svg” title_text=”Group 762″ align=”center” _builder_version=”4.16″ _module_preset=”default” custom_padding=”||1px|||” global_colors_info=”{}”][\/et_pb_image][et_pb_text _builder_version=”4.16″ _module_preset=”default” text_text_color=”#01477a” text_font_size=”18px” custom_margin=”-33px|||||” global_colors_info=”{}”]<\/p>\n Religion [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_5,1_5,1_5,1_5,1_5″ _builder_version=”4.20.2″ _module_preset=”default” animation_direction=”bottom” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″][et_pb_column type=”1_5″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https:\/\/investlaos.gov.la\/wp-content\/uploads\/2021\/10\/Group-763.svg” title_text=”Group 763″ align=”center” _builder_version=”4.16″ _module_preset=”default” background_enable_color=”off” custom_margin=”||0px|||” border_radii=”on|20px|20px|20px|20px” global_colors_info=”{}”][\/et_pb_image][et_pb_text _builder_version=”4.16″ _module_preset=”default” text_text_color=”#01477a” text_font_size=”18px” global_colors_info=”{}”]<\/p>\n Literacy [\/et_pb_text][\/et_pb_column][et_pb_column type=”1_5″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https:\/\/investlaos.gov.la\/wp-content\/uploads\/2021\/10\/Group-764.svg” title_text=”Group 764″ align=”center” _builder_version=”4.16″ _module_preset=”default” custom_margin=”||-2px|||” global_colors_info=”{}”][\/et_pb_image][et_pb_text _builder_version=”4.16″ _module_preset=”default” text_text_color=”#01477a” text_font_size=”18px” global_colors_info=”{}”]<\/p>\n Language [\/et_pb_text][\/et_pb_column][et_pb_column type=”1_5″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https:\/\/investlaos.gov.la\/wp-content\/uploads\/2021\/10\/Group-765.svg” title_text=”Group 765″ align=”center” _builder_version=”4.16″ _module_preset=”default” custom_margin=”||-1px|||” global_colors_info=”{}”][\/et_pb_image][et_pb_text _builder_version=”4.16″ _module_preset=”default” text_text_color=”#01477a” text_font_size=”18px” global_colors_info=”{}”]<\/p>\n Per Capita Income [\/et_pb_text][\/et_pb_column][et_pb_column type=”1_5″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https:\/\/investlaos.gov.la\/wp-content\/uploads\/2021\/10\/Group-766.svg” title_text=”Group 766″ align=”center” _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_image][et_pb_text _builder_version=”4.16″ _module_preset=”default” text_text_color=”#01477a” text_font_size=”18px” custom_margin=”-33px|||||” global_colors_info=”{}”]<\/p>\n Currency [\/et_pb_text][\/et_pb_column][et_pb_column type=”1_5″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https:\/\/investlaos.gov.la\/wp-content\/uploads\/2021\/10\/Group-767.svg” title_text=”Group 767″ align=”center” _builder_version=”4.16″ _module_preset=”default” custom_padding=”||1px|||” global_colors_info=”{}”][\/et_pb_image][et_pb_text _builder_version=”4.16″ _module_preset=”default” text_text_color=”#01477a” text_font_size=”18px” custom_margin=”-33px|||||” global_colors_info=”{}”]<\/p>\n GDP Growth [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][dipl_separator separator_type=”dipl_shadow” seprator_thickness=”2px” separator_color=”#01477a” _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][\/dipl_separator][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.16″ _module_preset=”default” custom_margin=”||||false|false” custom_padding=”0px||39px|||” locked=”off” global_colors_info=”{}”][et_pb_row _builder_version=”4.16″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.16″ _module_preset=”default” text_text_color=”#01477a” text_font_size=”30px” text_line_height=”1.3em” text_orientation=”center” global_colors_info=”{}”]DRIVING A DYNAMIC AND RESILIENT ECONOMY<\/strong> [\/et_pb_accordion_item][et_pb_accordion_item title=”Shaping A Trade And Investment Destination Of Choice” open_toggle_text_color=”#01477a” _builder_version=”4.16″ _module_preset=”default” border_radii=”on|10px|10px|10px|10px” box_shadow_style=”preset3″ global_colors_info=”{}” toggle_text_color=”#01477a” toggle_level=”h4″ toggle_font=”|700|||||||” open=”off”]Lao PDR is gearing up to transform into an upper middle-income economy through its Vision 2030.Vision 2020 aims to quadruple per capita GDP and GNI while simultaneously increasing foreign direct investments (FDI) by shifting to new areas of comparative advantage and creating enabling environments for foreign and domestic partnerships.<\/p>\n <\/p>\n Lao PDR enjoyed an exponential growth in FDI of 6.9% between 2010 and 2015, reaching over US$1.1 billion in 2015. Looking ahead, to attract quality Foreign Direct Investment (FDIs), Lao PDR has also taken progressive steps to diversify its economic base as a means for sustained and robust growth, from electricity generation, agriculture and mining sectors, which took up close to 65% of total FDI in 2015, to more into less-resource intensive sectors and higher value-added industries.<\/p>\n <\/p>\n <\/p>\n Some of the key efforts carried out to liberalise the economy and open up the private sector include:<\/p>\n Lao PDR is gearing up to transform into an upper middle-income economy through its Vision 2030.Vision 2020 aims to quadruple per capita GDP and GNI while simultaneously increasing foreign direct investments (FDI) by shifting to new areas of comparative advantage and creating enabling environments for foreign and domestic partnerships.<\/p>\n Key roles of the SEZs:<\/strong><\/p>\n Since the introduction of the first SEZ in 2003, the SEZs have brought in actual investments of up to US$1.83 billion, contributed US$20,327,060 in government revenue and increased the value of exports by US$815,491,201. Accumulated investments in Lao PDR\u2019s SEZs increased by 30% from US$1.2 billion in 2015 to US$1.8 billion in 2017.<\/p>\n As at 31 December 2018, there were almost 400 foreign and domestic companies registered in the service sector, industry and trade. More than half are from China (181 businesses), Thailand (28) and Japan (30), representing companies like Aeroworks, Essilor, Nikon, Toyota, and Mascot among others.<\/p>\n Improving Efficiency via One-Stop-Service (OSS) Centres<\/em><\/p>\n The government has set up One-Stop-Service (OSS) centres within SEZs to provide investors access to comprehensive support and centralised information on investing in Lao PDR. For instance, the Savan Seno OSS Centre which benefits from the Prime Minister\u2019s Decree 177 has set the standard in providing on-site approvals for permits, licenses as well as facilitates other investment procedures<\/p>\n <\/p>\n Backed by tailored policies and frameworks, the OSS centres are managed by highly-skilled workforce that are trained to inform investors of opportunities as well as provide efficient and seamless end-to-end investor services.<\/p>\n Key service offerings at OSS Centres:<\/strong><\/p>\n [\/et_pb_accordion_item][et_pb_accordion_item title=”Leveraging on Distinct Advantages” open_toggle_text_color=”#01477a” _builder_version=”4.16″ _module_preset=”default” border_radii=”on|10px|10px|10px|10px” box_shadow_style=”preset3″ global_colors_info=”{}” toggle_text_color=”#01477a” toggle_level=”h4″ toggle_font=”|700|||||||” open=”off”]Lao PDR\u2019s engine of growth has been powered by its vast reserve of natural resources, namely agriculture, forestry, minerals (gold, copper, zinc and lead), electricity generated from hydro-power and tourism.<\/p>\n Aside from being a member of the World Trade Organization (WTO) since 2013, it also has: Lao PDR is at the heart of ASEAN, one of the most dynamic regions in the world. It has strong bilateral trade and investment ties with key economies in the region and beyond, leveraging on the establishment of the ASEAN Economic Committee (AEC), as well as ASEAN\u2019s trade and investment partners. China: 65% of total FDI inflows in 2016; second largest trade partner, Thailand: 14% of FDI in 2016; largest trade partner, Vietnam: 2% of FDI in 2016; third largest trade partner<\/p>\n Lao PDR has the strategic geographic advantage of being land-linked, bordering key ASEAN markets including Thailand, Vietnam, Cambodia, and Myanmar. It also borders China in the north and is a key node in the One Belt, One Road Initiative.<\/p>\n To date, Lao PDR has bilateral investment treaties with 27 countries and has been a member of the World Trade Organisation (WTO) since 2013.<\/p>\n [\/et_pb_text][et_pb_text _builder_version=”4.16″ _module_preset=”default” text_font=”|700|||||||” text_text_color=”#01477a” text_font_size=”18px” global_colors_info=”{}”]II. A DYNAMIC AND RESILIENT ECONOMY Lao PDR is a dynamic economy, with GDP averaging between 7.8 and 8% in the last 10 years. Its resilience and increasing competitive environment have created attractive investing opportunities. Sound planning underpins Lao PDR\u2019s economic growth. Short, medium and long-term planning are key elements of this, with the 8th National Socio-Economic Development Plan (NSEDP) 2016-2020 guiding policy priorities across government in line with the country\u2019s economic and development transformation targets. As a result of its effective reform agenda, the International Monetary Fund (IMF) signalled its confidence in the Lao economy by projecting 6.8% real GDP growth for 2018, the second highest in Southeast Asia (after Myanmar and Cambodia with 6.9%).<\/p>\n Meanwhile, diversification is supported by investment flows into various sectors and contributions to GDP are becoming increasingly service-driven. Between 1988 to 2018, Lao PDR continued to see FDIs focused around the energy sector (30%), mining (22%), construction (11%), agriculture (10%) and services (9%). However, as of 2016, non-resource-based industries accounted for substantial shares of investment such as include services (11%), handicrafts (8%), hotel & restaurant (4%), construction (4%), banking and trading (3%), and telecommunications (3%). Additionally, in 2016, the services sector contributed 38.9% of GDP, outpacing the growth of industry at 28.8% and agriculture at 23.3%.<\/p>\n The government is leveraging on the country\u2019s 12 Special Economic Zones (SEZs). Some including the Savan Seno SEZ have shown great success in promoting EODB, including services for start-up, aftercare, logistics and linkage with key neighbouring markets promoting value chain advancement and backward linkages to the local economy.<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":" WHY INVEST IN LAOS The Lao PDR Economy Continues To Be Experience Dynamic Growth And Resilience To Withstand Global Pressures, Largely Due To The Following Factors: 01 Strong governance and transparency framework with enhanced sectorial cooperation 02 Business-friendly policies and thriving ecosystems that have opened up opportunities for foreign and local investors 03 Large infrastructure […]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":" [et_pb_section fb_built=\"1\" _builder_version=\"4.16\" _module_preset=\"default\" background_color=\"#FFFFFF\" custom_margin=\"-18px||||false|false\" locked=\"off\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][et_pb_row _builder_version=\"4.16\" _module_preset=\"default\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][et_pb_column type=\"4_4\" _builder_version=\"4.16\" _module_preset=\"default\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][et_pb_text _builder_version=\"4.16\" _module_preset=\"default\" text_text_color=\"#01477a\" text_font_size=\"25px\" text_line_height=\"1.2em\" text_font_size_tablet=\"\" text_font_size_phone=\"30px\" text_font_size_last_edited=\"on|phone\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"]<\/p> WHY INVEST IN LAOS<\/strong><\/p> [\/et_pb_text][et_pb_divider color=\"#357baf\" divider_weight=\"5px\" _builder_version=\"4.16\" _module_preset=\"default\" width=\"122px\" module_alignment=\"center\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][\/et_pb_divider][et_pb_text _builder_version=\"4.16\" _module_preset=\"default\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"]<\/p> The Lao PDR Economy Continues To Be Experience Dynamic Growth And Resilience To Withstand Global Pressures, Largely Due To The Following Factors:<\/p> [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=\"1_4,1_4,1_4,1_4\" use_custom_gutter=\"on\" gutter_width=\"2\" make_equal=\"on\" _builder_version=\"4.16\" _module_preset=\"default\" animation_style=\"zoom\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][et_pb_column type=\"1_4\" _builder_version=\"4.16\" _module_preset=\"default\" background_color=\"#f4f4f4\" custom_padding=\"40px||40px|25px|true|false\" box_shadow_style=\"preset3\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][et_pb_text _builder_version=\"4.16\" _module_preset=\"default\" text_font=\"|800|||||||\" text_text_color=\"#01477a\" text_font_size=\"40px\" header_font=\"|700|||||||\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"]<\/p> 01<\/strong><\/p> [\/et_pb_text][et_pb_text _builder_version=\"4.16\" _module_preset=\"default\" text_font_size=\"16px\" text_line_height=\"1.4em\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"]<\/p> Strong governance and transparency framework with enhanced sectorial cooperation<\/p> [\/et_pb_text][\/et_pb_column][et_pb_column type=\"1_4\" _builder_version=\"4.16\" _module_preset=\"default\" background_color=\"#f4f4f4\" custom_padding=\"40px||40px|25px|true|false\" box_shadow_style=\"preset3\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][et_pb_text _builder_version=\"4.16\" _module_preset=\"default\" text_font=\"|800|||||||\" text_text_color=\"#01477a\" text_font_size=\"40px\" header_font=\"|700|||||||\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"]<\/p> 02<\/strong><\/p> [\/et_pb_text][et_pb_text _builder_version=\"4.16\" _module_preset=\"default\" text_font_size=\"16px\" text_line_height=\"1.4em\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"]<\/p> Business-friendly policies and thriving ecosystems that have opened up opportunities for foreign and local investors<\/p> [\/et_pb_text][\/et_pb_column][et_pb_column type=\"1_4\" _builder_version=\"4.16\" _module_preset=\"default\" background_color=\"#f4f4f4\" custom_padding=\"40px||40px|25px|true|false\" box_shadow_style=\"preset3\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][et_pb_text _builder_version=\"4.16\" _module_preset=\"default\" text_font=\"|800|||||||\" text_text_color=\"#01477a\" text_font_size=\"40px\" header_font=\"|700|||||||\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"]<\/p> 03<\/strong><\/p> [\/et_pb_text][et_pb_text _builder_version=\"4.16\" _module_preset=\"default\" text_font_size=\"16px\" text_line_height=\"1.4em\" locked=\"off\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"]<\/p> Large infrastructure investments<\/p> [\/et_pb_text][\/et_pb_column][et_pb_column type=\"1_4\" _builder_version=\"4.16\" _module_preset=\"default\" background_color=\"#f4f4f4\" custom_padding=\"40px||40px|25px|true|false\" box_shadow_style=\"preset3\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][et_pb_text _builder_version=\"4.16\" _module_preset=\"default\" text_font=\"|800|||||||\" text_text_color=\"#01477a\" text_font_size=\"40px\" header_font=\"|700|||||||\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"]<\/p> 04<\/strong><\/p> [\/et_pb_text][et_pb_text _builder_version=\"4.16\" _module_preset=\"default\" text_font_size=\"16px\" text_line_height=\"1.4em\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"]<\/p> Efficient management of natural resources<\/p> [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=\"1\" admin_label=\"section\" _builder_version=\"4.16\" background_color=\"#01477a\" custom_margin=\"||||false|false\" locked=\"off\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][et_pb_row _builder_version=\"4.16\" _module_preset=\"default\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][et_pb_column type=\"4_4\" _builder_version=\"4.16\" _module_preset=\"default\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][et_pb_text _builder_version=\"4.16\" _module_preset=\"default\" text_text_color=\"#FFFFFF\" text_font_size=\"35px\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"]<\/p> ABOUT LAOS<\/strong><\/p> [\/et_pb_text][et_pb_divider color=\"#FFFFFF\" divider_weight=\"5px\" _builder_version=\"4.16\" _module_preset=\"default\" width=\"10%\" module_alignment=\"center\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][\/et_pb_divider][et_pb_text _builder_version=\"4.16\" _module_preset=\"default\" text_text_color=\"#FFFFFF\" text_font_size=\"18px\" text_line_height=\"1.6em\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"]<\/p> Lao PDR is poised to boost competitiveness and emerge as a key economy in Southeast Asia, and transforming itself into one of the most dynamic countries in the region, offering diverse business opportunities to both domestic and foreign investors. becoming the preferred gateway to Asean markets<\/p> [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=\"1\" _builder_version=\"4.16\" _module_preset=\"default\" custom_padding=\"0px||0px|||\" locked=\"off\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][et_pb_row _builder_version=\"4.16\" _module_preset=\"default\" custom_padding=\"0px|||||\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][et_pb_column type=\"4_4\" _builder_version=\"4.16\" _module_preset=\"default\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][et_pb_image src=\"https:\/\/investlaos.gov.la\/wp-content\/uploads\/2021\/10\/Union-28.svg\" title_text=\"Union 28\" align=\"center\" _builder_version=\"4.16\" _module_preset=\"default\" width=\"10%\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=\"1\" _builder_version=\"4.16\" _module_preset=\"default\" custom_padding=\"0px||0px|||\" locked=\"off\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][et_pb_row column_structure=\"1_5,1_5,1_5,1_5,1_5\" _builder_version=\"4.16\" _module_preset=\"default\" animation_style=\"slide\" animation_direction=\"bottom\" animation_delay=\"200ms\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][et_pb_column type=\"1_5\" _builder_version=\"4.16\" _module_preset=\"default\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][et_pb_image src=\"https:\/\/investlaos.gov.la\/wp-content\/uploads\/2021\/10\/Group-758.svg\" title_text=\"Group 758\" align=\"center\" _builder_version=\"4.16\" _module_preset=\"default\" background_enable_color=\"off\" custom_margin=\"||0px|||\" border_radii=\"on|20px|20px|20px|20px\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][\/et_pb_image][et_pb_text _builder_version=\"4.16\" _module_preset=\"default\" text_text_color=\"#01477a\" text_font_size=\"18px\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"]<\/p> Land Area [\/et_pb_text][\/et_pb_column][et_pb_column type=\"1_5\" _builder_version=\"4.16\" _module_preset=\"default\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][et_pb_image src=\"https:\/\/investlaos.gov.la\/wp-content\/uploads\/2021\/10\/Group-759.svg\" title_text=\"Group 759\" align=\"center\" _builder_version=\"4.16\" _module_preset=\"default\" custom_margin=\"||-2px|||\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][\/et_pb_image][et_pb_text _builder_version=\"4.16\" _module_preset=\"default\" text_text_color=\"#01477a\" text_font_size=\"18px\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"]<\/p> Capital [\/et_pb_text][\/et_pb_column][et_pb_column type=\"1_5\" _builder_version=\"4.16\" _module_preset=\"default\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][et_pb_image src=\"https:\/\/investlaos.gov.la\/wp-content\/uploads\/2021\/10\/Group-760.svg\" title_text=\"Group 760\" align=\"center\" _builder_version=\"4.16\" _module_preset=\"default\" custom_margin=\"||-1px|||\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][\/et_pb_image][et_pb_text _builder_version=\"4.16\" _module_preset=\"default\" text_text_color=\"#01477a\" text_font_size=\"18px\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"]<\/p> Population [\/et_pb_text][\/et_pb_column][et_pb_column type=\"1_5\" _builder_version=\"4.16\" _module_preset=\"default\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][et_pb_image src=\"https:\/\/investlaos.gov.la\/wp-content\/uploads\/2021\/10\/Group-761.svg\" title_text=\"Group 761\" align=\"center\" _builder_version=\"4.16\" _module_preset=\"default\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][\/et_pb_image][et_pb_text _builder_version=\"4.16\" _module_preset=\"default\" text_text_color=\"#01477a\" text_font_size=\"18px\" custom_margin=\"-33px|||||\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"]<\/p> Labor Force [\/et_pb_text][\/et_pb_column][et_pb_column type=\"1_5\" _builder_version=\"4.16\" _module_preset=\"default\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][et_pb_image src=\"https:\/\/investlaos.gov.la\/wp-content\/uploads\/2021\/10\/Group-762.svg\" title_text=\"Group 762\" align=\"center\" _builder_version=\"4.16\" _module_preset=\"default\" custom_padding=\"||1px|||\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][\/et_pb_image][et_pb_text _builder_version=\"4.16\" _module_preset=\"default\" text_text_color=\"#01477a\" text_font_size=\"18px\" custom_margin=\"-33px|||||\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"]<\/p> Religion [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=\"1_5,1_5,1_5,1_5,1_5\" _builder_version=\"4.16\" _module_preset=\"default\" animation_style=\"slide\" animation_direction=\"bottom\" animation_delay=\"200ms\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][et_pb_column type=\"1_5\" _builder_version=\"4.16\" _module_preset=\"default\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][et_pb_image src=\"https:\/\/investlaos.gov.la\/wp-content\/uploads\/2021\/10\/Group-763.svg\" title_text=\"Group 763\" align=\"center\" _builder_version=\"4.16\" _module_preset=\"default\" background_enable_color=\"off\" custom_margin=\"||0px|||\" border_radii=\"on|20px|20px|20px|20px\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][\/et_pb_image][et_pb_text _builder_version=\"4.16\" _module_preset=\"default\" text_text_color=\"#01477a\" text_font_size=\"18px\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"]<\/p> Literacy [\/et_pb_text][\/et_pb_column][et_pb_column type=\"1_5\" _builder_version=\"4.16\" _module_preset=\"default\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][et_pb_image src=\"https:\/\/investlaos.gov.la\/wp-content\/uploads\/2021\/10\/Group-764.svg\" title_text=\"Group 764\" align=\"center\" _builder_version=\"4.16\" _module_preset=\"default\" custom_margin=\"||-2px|||\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][\/et_pb_image][et_pb_text _builder_version=\"4.16\" _module_preset=\"default\" text_text_color=\"#01477a\" text_font_size=\"18px\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"]<\/p> Language [\/et_pb_text][\/et_pb_column][et_pb_column type=\"1_5\" _builder_version=\"4.16\" _module_preset=\"default\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][et_pb_image src=\"https:\/\/investlaos.gov.la\/wp-content\/uploads\/2021\/10\/Group-765.svg\" title_text=\"Group 765\" align=\"center\" _builder_version=\"4.16\" _module_preset=\"default\" custom_margin=\"||-1px|||\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][\/et_pb_image][et_pb_text _builder_version=\"4.16\" _module_preset=\"default\" text_text_color=\"#01477a\" text_font_size=\"18px\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"]<\/p> Per Capita Income [\/et_pb_text][\/et_pb_column][et_pb_column type=\"1_5\" _builder_version=\"4.16\" _module_preset=\"default\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][et_pb_image src=\"https:\/\/investlaos.gov.la\/wp-content\/uploads\/2021\/10\/Group-766.svg\" title_text=\"Group 766\" align=\"center\" _builder_version=\"4.16\" _module_preset=\"default\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][\/et_pb_image][et_pb_text _builder_version=\"4.16\" _module_preset=\"default\" text_text_color=\"#01477a\" text_font_size=\"18px\" custom_margin=\"-33px|||||\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"]<\/p> Currency [\/et_pb_text][\/et_pb_column][et_pb_column type=\"1_5\" _builder_version=\"4.16\" _module_preset=\"default\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][et_pb_image src=\"https:\/\/investlaos.gov.la\/wp-content\/uploads\/2021\/10\/Group-767.svg\" title_text=\"Group 767\" align=\"center\" _builder_version=\"4.16\" _module_preset=\"default\" custom_padding=\"||1px|||\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][\/et_pb_image][et_pb_text _builder_version=\"4.16\" _module_preset=\"default\" text_text_color=\"#01477a\" text_font_size=\"18px\" custom_margin=\"-33px|||||\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"]<\/p> GDP Growth [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=\"4.16\" _module_preset=\"default\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][et_pb_column type=\"4_4\" _builder_version=\"4.16\" _module_preset=\"default\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][dipl_separator separator_type=\"dipl_shadow\" seprator_thickness=\"2px\" separator_color=\"#01477a\" _builder_version=\"4.16\" _module_preset=\"default\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][\/dipl_separator][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=\"1\" _builder_version=\"4.16\" _module_preset=\"default\" custom_margin=\"||||false|false\" custom_padding=\"0px||39px|||\" locked=\"off\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][et_pb_row _builder_version=\"4.16\" _module_preset=\"default\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][et_pb_column type=\"4_4\" _builder_version=\"4.16\" _module_preset=\"default\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][et_pb_text _builder_version=\"4.16\" _module_preset=\"default\" text_text_color=\"#01477a\" text_font_size=\"30px\" text_line_height=\"1.3em\" text_orientation=\"center\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"]<\/p> DRIVING A DYNAMIC AND RESILIENT ECONOMY<\/strong><\/p> [\/et_pb_text][et_pb_divider color=\"#357baf\" divider_weight=\"4px\" _builder_version=\"4.16\" _module_preset=\"default\" width=\"122px\" module_alignment=\"center\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][\/et_pb_divider][et_pb_text _builder_version=\"4.16\" _module_preset=\"default\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"]<\/p> Lao PDR continues to demonstrate resilient, sustainable and inclusive economic growth, bucking the global downturn and is well on its way towards graduating from Least Developed Country status by 2024. Backed by outstanding progress in the last 20 years, Lao PDR is in prime position to emerge as an economic and strategic investment gateway to the ASEAN market, largely due to the 8th National Socio-Economic Development Plan (NSEDP) 2016-2020 guiding policy priorities across government to achieve the country\u2019s economic and development transformation targets.<\/p> [\/et_pb_text][et_pb_text _builder_version=\"4.16\" _module_preset=\"default\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"]<\/p> With a GDP that has more than doubled since 2010 and projected growth to reach US$27 billion by 2022, Lao PDR is fast cementing its position as one of the fastest growing economies in this part of the world, leveraging on its strategic position as a prime spot for cross-border investments and exports to neighboring countries.<\/p> [\/et_pb_text][et_pb_image src=\"https:\/\/investlaos.gov.la\/wp-content\/uploads\/2022\/04\/whylao08.jpg\" title_text=\"whylao08\" align=\"center\" _builder_version=\"4.16\" _module_preset=\"default\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][\/et_pb_image][et_pb_accordion _builder_version=\"4.16\" _module_preset=\"default\" toggle_line_height=\"1.3em\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][et_pb_accordion_item title=\"The Lao PDR Economy Continues To Be Experience Dynamic Growth\" open=\"on\" open_toggle_text_color=\"#01477a\" _builder_version=\"4.16\" _module_preset=\"default\" border_radii=\"on|10px|10px|10px|10px\" box_shadow_style=\"preset3\" global_colors_info=\"{}\" toggle_text_color=\"#01477a\" toggle_level=\"h4\" toggle_font=\"|700|||||||\" theme_builder_area=\"post_content\"]<\/p> Resilience To Withstand Global Pressures, Largely Due To The Following Factors:<\/strong><\/p> [\/et_pb_accordion_item][et_pb_accordion_item title=\"Shaping A Trade And Investment Destination Of Choice\" open_toggle_text_color=\"#01477a\" _builder_version=\"4.16\" _module_preset=\"default\" border_radii=\"on|10px|10px|10px|10px\" box_shadow_style=\"preset3\" global_colors_info=\"{}\" toggle_text_color=\"#01477a\" toggle_level=\"h4\" toggle_font=\"|700|||||||\" theme_builder_area=\"post_content\" open=\"off\"]<\/p> Lao PDR is gearing up to transform into an upper middle-income economy through its Vision 2030.Vision 2020 aims to quadruple per capita GDP and GNI while simultaneously increasing foreign direct investments (FDI) by shifting to new areas of comparative advantage and creating enabling environments for foreign and domestic partnerships.<\/p> \u00a0<\/p> Lao PDR enjoyed an exponential growth in FDI of 6.9% between 2010 and 2015, reaching over US$1.1 billion in 2015. Looking ahead, to attract quality Foreign Direct Investment (FDIs), Lao PDR has also taken progressive steps to diversify its economic base as a means for sustained and robust growth, from electricity generation, agriculture and mining sectors, which took up close to 65% of total FDI in 2015, to more into less-resource intensive sectors and higher value-added industries.<\/p> \u00a0<\/p> \u00a0<\/p> \u00a0<\/p> [\/et_pb_accordion_item][et_pb_accordion_item title=\"Strengthening Reforms in Governance and Transparency\" open_toggle_text_color=\"#01477a\" _builder_version=\"4.16\" _module_preset=\"default\" border_radii=\"on|10px|10px|10px|10px\" box_shadow_style=\"preset3\" global_colors_info=\"{}\" toggle_text_color=\"#01477a\" toggle_level=\"h4\" toggle_font=\"|700|||||||\" theme_builder_area=\"post_content\" open=\"off\"]<\/p> To create a pro-business environment, Lao PDR has taken a whole-of-government, multi-sectoral approach to introduce strong policies with clearly defined provisions and institutionalised mechanisms that are aligned throughout ministries and local governments.<\/p> Some of the key efforts carried out to liberalise the economy and open up the private sector include:<\/p> Lao PDR is gearing up to transform into an upper middle-income economy through its Vision 2030.Vision 2020 aims to quadruple per capita GDP and GNI while simultaneously increasing foreign direct investments (FDI) by shifting to new areas of comparative advantage and creating enabling environments for foreign and domestic partnerships.<\/p> \u00a0<\/p> [\/et_pb_accordion_item][et_pb_accordion_item title=\"Accelerating Growth via Special Economic Zones\" open_toggle_text_color=\"#01477a\" _builder_version=\"4.16\" _module_preset=\"default\" border_radii=\"on|10px|10px|10px|10px\" box_shadow_style=\"preset3\" global_colors_info=\"{}\" toggle_text_color=\"#01477a\" toggle_level=\"h4\" toggle_font=\"|700|||||||\" theme_builder_area=\"post_content\" open=\"off\"]<\/p> Lao PDR has established 12 Special Economic Zones (SEZs) to create new opportunities and drive stronger growth. We aim to have 25 SEZs throughout the country by 2020.<\/p> Key roles of the SEZs:<\/strong><\/p> Since the introduction of the first SEZ in 2003, the SEZs have brought in actual investments of up to US$1.83 billion, contributed US$20,327,060 in government revenue and increased the value of exports by US$815,491,201. Accumulated investments in Lao PDR\u2019s SEZs increased by 30% from US$1.2 billion in 2015 to US$1.8 billion in 2017.<\/p> As at 31 December 2018, there were almost 400 foreign and domestic companies registered in the service sector, industry and trade. More than half are from China (181 businesses), Thailand (28) and Japan (30), representing companies like Aeroworks, Essilor, Nikon, Toyota, and Mascot among others.<\/p> Improving Efficiency via One-Stop-Service (OSS) Centres<\/em><\/p> The government has set up One-Stop-Service (OSS) centres within SEZs to provide investors access to comprehensive support and centralised information on investing in Lao PDR. For instance, the Savan Seno OSS Centre which benefits from the Prime Minister\u2019s Decree 177 has set the standard in providing on-site approvals for permits, licenses as well as facilitates other investment procedures<\/p> \u00a0<\/p> Backed by tailored policies and frameworks, the OSS centres are managed by highly-skilled workforce that are trained to inform investors of opportunities as well as provide efficient and seamless end-to-end investor services.<\/p> Key service offerings at OSS Centres:<\/strong><\/p> [\/et_pb_accordion_item][et_pb_accordion_item title=\"Leveraging on Distinct Advantages\" open_toggle_text_color=\"#01477a\" _builder_version=\"4.16\" _module_preset=\"default\" border_radii=\"on|10px|10px|10px|10px\" box_shadow_style=\"preset3\" global_colors_info=\"{}\" toggle_text_color=\"#01477a\" toggle_level=\"h4\" toggle_font=\"|700|||||||\" theme_builder_area=\"post_content\" open=\"off\"]<\/p> Lao PDR\u2019s engine of growth has been powered by its vast reserve of natural resources, namely agriculture, forestry, minerals (gold, copper, zinc and lead), electricity generated from hydro-power and tourism.<\/p> \u00a0<\/p> [\/et_pb_accordion_item][et_pb_accordion_item title=\"Shaping inclusive and sustainable growth\" open_toggle_text_color=\"#01477a\" _builder_version=\"4.16\" _module_preset=\"default\" border_radii=\"on|10px|10px|10px|10px\" box_shadow_style=\"preset3\" global_colors_info=\"{}\" toggle_text_color=\"#01477a\" toggle_level=\"h4\" toggle_font=\"|700|||||||\" theme_builder_area=\"post_content\" open=\"off\"]<\/p> \u00a0<\/p> [\/et_pb_accordion_item][\/et_pb_accordion][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=\"1\" _builder_version=\"4.16\" _module_preset=\"default\" background_image=\"https:\/\/investlaos.gov.la\/wp-content\/uploads\/2022\/04\/Group-519@2x.png\" custom_margin=\"-16px|||||\" custom_padding=\"42px||21px|||\" locked=\"off\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][et_pb_row column_structure=\"1_3,2_3\" make_equal=\"on\" _builder_version=\"4.16\" _module_preset=\"default\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][et_pb_column type=\"1_3\" _builder_version=\"4.16\" _module_preset=\"default\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][et_pb_divider show_divider=\"off\" _builder_version=\"4.16\" _module_preset=\"default\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][\/et_pb_divider][et_pb_image src=\"https:\/\/investlaos.gov.la\/wp-content\/uploads\/2022\/04\/NoPath-Copy-6@2x.png\" title_text=\"NoPath - Copy (6)@2x\" _builder_version=\"4.16\" _module_preset=\"default\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][\/et_pb_image][\/et_pb_column][et_pb_column type=\"2_3\" _builder_version=\"4.16\" _module_preset=\"default\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][et_pb_text _builder_version=\"4.16\" _module_preset=\"default\" text_text_color=\"#01477a\" text_font_size=\"30px\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"]<\/p> Regional Integration<\/strong><\/p> [\/et_pb_text][et_pb_divider color=\"#357baf\" divider_weight=\"4px\" _builder_version=\"4.16\" _module_preset=\"default\" width=\"122px\" module_alignment=\"left\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][\/et_pb_divider][et_pb_text _builder_version=\"4.16\" _module_preset=\"default\" custom_margin=\"-26px|||||\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"]<\/p> Poised to emerge as a key economy in the region, Lao PDR is on track to transform itself into one of the most dynamic countries in Southeast Asia, offering diverse business opportunities to both domestic and foreign investors alike. Bordering key markets - Thailand, China, Vietnam, Cambodia and Myanmar - this land-linked country is at the heart of ASE AN, with strong bilateral trade and investment ties with key economies in the region and beyond, leveraging on the establishment of the ASEAN Economic Committee (AEC), as well as ASEAN's trade and investment partners.<\/p> Aside from being a member of the World Trade Organization (WTO) since 2013, it also has: [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=\"4.16\" _module_preset=\"default\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][et_pb_column type=\"4_4\" _builder_version=\"4.16\" _module_preset=\"default\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][et_pb_text _builder_version=\"4.16\" _module_preset=\"default\" text_font=\"|700|||||||\" text_text_color=\"#01477a\" text_font_size=\"18px\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"]<\/p> I. AT THE HEART OF REGIONAL INTEGRATION<\/p> [\/et_pb_text][et_pb_text _builder_version=\"4.16\" _module_preset=\"default\" custom_margin=\"-26px|||||\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"]<\/p> Lao PDR is at the heart of ASEAN, one of the most dynamic regions in the world. It has strong bilateral trade and investment ties with key economies in the region and beyond, leveraging on the establishment of the ASEAN Economic Committee (AEC), as well as ASEAN\u2019s trade and investment partners. China: 65% of total FDI inflows in 2016; second largest trade partner, Thailand: 14% of FDI in 2016; largest trade partner, Vietnam: 2% of FDI in 2016; third largest trade partner<\/p> Lao PDR has the strategic geographic advantage of being land-linked, bordering key ASEAN markets including Thailand, Vietnam, Cambodia, and Myanmar. It also borders China in the north and is a key node in the One Belt, One Road Initiative.<\/p> To date, Lao PDR has bilateral investment treaties with 27 countries and has been a member of the World Trade Organisation (WTO) since 2013.<\/p> [\/et_pb_text][et_pb_text _builder_version=\"4.16\" _module_preset=\"default\" text_font=\"|700|||||||\" text_text_color=\"#01477a\" text_font_size=\"18px\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"]<\/p> II. A DYNAMIC AND RESILIENT ECONOMY<\/p> [\/et_pb_text][et_pb_text _builder_version=\"4.16\" _module_preset=\"default\" custom_margin=\"-26px|||||\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"]<\/p> Lao PDR is a dynamic economy, with GDP averaging between 7.8 and 8% in the last 10 years. Its resilience and increasing competitive environment have created attractive investing opportunities. Sound planning underpins Lao PDR\u2019s economic growth. Short, medium and long-term planning are key elements of this, with the 8th National Socio-Economic Development Plan (NSEDP) 2016-2020 guiding policy priorities across government in line with the country\u2019s economic and development transformation targets. As a result of its effective reform agenda, the International Monetary Fund (IMF) signalled its confidence in the Lao economy by projecting 6.8% real GDP growth for 2018, the second highest in Southeast Asia (after Myanmar and Cambodia with 6.9%).<\/p> Meanwhile, diversification is supported by investment flows into various sectors and contributions to GDP are becoming increasingly service-driven. Between 1988 to 2018, Lao PDR continued to see FDIs focused around the energy sector (30%), mining (22%), construction (11%), agriculture (10%) and services (9%). However, as of 2016, non-resource-based industries accounted for substantial shares of investment such as include services (11%), handicrafts (8%), hotel & restaurant (4%), construction (4%), banking and trading (3%), and telecommunications (3%). Additionally, in 2016, the services sector contributed 38.9% of GDP, outpacing the growth of industry at 28.8% and agriculture at 23.3%.<\/p> The government is leveraging on the country\u2019s 12 Special Economic Zones (SEZs). Some including the Savan Seno SEZ have shown great success in promoting EODB, including services for start-up, aftercare, logistics and linkage with key neighbouring markets promoting value chain advancement and backward linkages to the local economy.<\/p> [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>","_et_gb_content_width":"","footnotes":""},"class_list":["post-27077","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/investlaos.gov.la\/lo-la\/wp-json\/wp\/v2\/pages\/27077","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/investlaos.gov.la\/lo-la\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/investlaos.gov.la\/lo-la\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/investlaos.gov.la\/lo-la\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/investlaos.gov.la\/lo-la\/wp-json\/wp\/v2\/comments?post=27077"}],"version-history":[{"count":6,"href":"https:\/\/investlaos.gov.la\/lo-la\/wp-json\/wp\/v2\/pages\/27077\/revisions"}],"predecessor-version":[{"id":28110,"href":"https:\/\/investlaos.gov.la\/lo-la\/wp-json\/wp\/v2\/pages\/27077\/revisions\/28110"}],"wp:attachment":[{"href":"https:\/\/investlaos.gov.la\/lo-la\/wp-json\/wp\/v2\/media?parent=27077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n[\/et_pb_text][et_pb_text _builder_version=”4.16″ _module_preset=”default” text_font_size=”16px” text_line_height=”1.4em” global_colors_info=”{}”]Strong governance and transparency framework with enhanced sectorial cooperation
\n[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_4″ _builder_version=”4.16″ _module_preset=”default” background_color=”#f4f4f4″ custom_padding=”40px||40px|25px|true|false” box_shadow_style=”preset3″ global_colors_info=”{}”][et_pb_text _builder_version=”4.16″ _module_preset=”default” text_font=”|800|||||||” text_text_color=”#01477a” text_font_size=”40px” header_font=”|700|||||||” global_colors_info=”{}”]02<\/strong>
\n[\/et_pb_text][et_pb_text _builder_version=”4.16″ _module_preset=”default” text_font_size=”16px” text_line_height=”1.4em” global_colors_info=”{}”]Business-friendly policies and thriving ecosystems that have opened up opportunities for foreign and local investors
\n[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_4″ _builder_version=”4.16″ _module_preset=”default” background_color=”#f4f4f4″ custom_padding=”40px||40px|25px|true|false” box_shadow_style=”preset3″ global_colors_info=”{}”][et_pb_text _builder_version=”4.16″ _module_preset=”default” text_font=”|800|||||||” text_text_color=”#01477a” text_font_size=”40px” header_font=”|700|||||||” global_colors_info=”{}”]03<\/strong>
\n[\/et_pb_text][et_pb_text _builder_version=”4.16″ _module_preset=”default” text_font_size=”16px” text_line_height=”1.4em” locked=”off” global_colors_info=”{}”]Large infrastructure investments
\n[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_4″ _builder_version=”4.16″ _module_preset=”default” background_color=”#f4f4f4″ custom_padding=”40px||40px|25px|true|false” box_shadow_style=”preset3″ global_colors_info=”{}”][et_pb_text _builder_version=”4.16″ _module_preset=”default” text_font=”|800|||||||” text_text_color=”#01477a” text_font_size=”40px” header_font=”|700|||||||” global_colors_info=”{}”]04<\/strong>
\n[\/et_pb_text][et_pb_text _builder_version=”4.16″ _module_preset=”default” text_font_size=”16px” text_line_height=”1.4em” global_colors_info=”{}”]Efficient management of natural resources
\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ admin_label=”section” _builder_version=”4.16″ background_color=”#01477a” custom_margin=”||||false|false” locked=”off” global_colors_info=”{}”][et_pb_row _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.16″ _module_preset=”default” text_text_color=”#FFFFFF” text_font_size=”35px” global_colors_info=”{}”]<\/p>\n
\n236,800 km2<\/p>\n
\nVientiane Capital<\/p>\n
\n7,013 Millions (2018)<\/p>\n
\n2.9 Millions<\/p>\n
\nBuddhism<\/p>\n
\n85%<\/p>\n
\nLao<\/p>\n
\n2.599 US$ (2018)<\/p>\n
\nKip<\/p>\n
\n6.29 % (2018)<\/p>\n
\n[\/et_pb_text][et_pb_divider color=”#357baf” divider_weight=”4px” _builder_version=”4.16″ _module_preset=”default” width=”122px” module_alignment=”center” global_colors_info=”{}”][\/et_pb_divider][et_pb_text _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”]Lao PDR continues to demonstrate resilient, sustainable and inclusive economic growth, bucking the global downturn and is well on its way towards graduating from Least Developed Country status by 2024. Backed by outstanding progress in the last 20 years, Lao PDR is in prime position to emerge as an economic and strategic investment gateway to the ASEAN market, largely due to the 8th National Socio-Economic Development Plan (NSEDP) 2016-2020 guiding policy priorities across government to achieve the country\u2019s economic and development transformation targets.
\n[\/et_pb_text][et_pb_text _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”]With a GDP that has more than doubled since 2010 and projected growth to reach US$27 billion by 2022, Lao PDR is fast cementing its position as one of the fastest growing economies in this part of the world, leveraging on its strategic position as a prime spot for cross-border investments and exports to neighboring countries.
\n[\/et_pb_text][et_pb_image src=”https:\/\/investlaos.gov.la\/wp-content\/uploads\/2022\/04\/whylao08.jpg” title_text=”whylao08″ align=”center” _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_image][et_pb_accordion _builder_version=”4.16″ _module_preset=”default” toggle_line_height=”1.3em” global_colors_info=”{}”][et_pb_accordion_item title=”The Lao PDR Economy Continues To Be Experience Dynamic Growth” open=”on” open_toggle_text_color=”#01477a” _builder_version=”4.16″ _module_preset=”default” border_radii=”on|10px|10px|10px|10px” box_shadow_style=”preset3″ global_colors_info=”{}” toggle_text_color=”#01477a” toggle_level=”h4″ toggle_font=”|700|||||||”]Resilience To Withstand Global Pressures, Largely Due To The Following Factors:<\/strong><\/p>\n\n
![\"\"](\"https:\/\/investlaos.gov.la\/wp-content\/uploads\/2022\/04\/whylao09-768x381-1.jpg\")
<\/p>\n![\"\"](\"https:\/\/investlaos.gov.la\/wp-content\/uploads\/2022\/04\/whylao011-768x480-1.jpg\")
<\/p>\n![\"\"](\"https:\/\/investlaos.gov.la\/wp-content\/uploads\/2022\/04\/whylao012.jpg\")
<\/p>\n
\n[\/et_pb_accordion_item][et_pb_accordion_item title=”Strengthening Reforms in Governance and Transparency” open_toggle_text_color=”#01477a” _builder_version=”4.16″ _module_preset=”default” border_radii=”on|10px|10px|10px|10px” box_shadow_style=”preset3″ global_colors_info=”{}” toggle_text_color=”#01477a” toggle_level=”h4″ toggle_font=”|700|||||||” open=”off”]To create a pro-business environment, Lao PDR has taken a whole-of-government, multi-sectoral approach to introduce strong policies with clearly defined provisions and institutionalised mechanisms that are aligned throughout ministries and local governments.<\/p>\n\n
\n[\/et_pb_accordion_item][et_pb_accordion_item title=”Accelerating Growth via Special Economic Zones” open_toggle_text_color=”#01477a” _builder_version=”4.16″ _module_preset=”default” border_radii=”on|10px|10px|10px|10px” box_shadow_style=”preset3″ global_colors_info=”{}” toggle_text_color=”#01477a” toggle_level=”h4″ toggle_font=”|700|||||||” open=”off”]Lao PDR has established 12 Special Economic Zones (SEZs) to create new opportunities and drive stronger growth. We aim to have 25 SEZs throughout the country by 2020.<\/p>\n\n
\n\n
\n \u00a0<\/strong><\/td>\n Savan Seno SEZ OSS Centre<\/strong><\/td>\n Other OSS Centre<\/strong><\/td>\n<\/tr>\n \n Main business permit<\/strong><\/td>\n Within five (5) working days<\/td>\n One to Two weeks<\/td>\n<\/tr>\n \n Work permits<\/strong><\/td>\n Within one (1) working day<\/td>\n Eight (8) working days<\/td>\n<\/tr>\n \n Import \u2013 Export licenses<\/strong><\/td>\n Within two (2) hours<\/td>\n At least five (5) working days<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n ![\"\"](\"https:\/\/investlaos.gov.la\/wp-content\/uploads\/2022\/04\/whylao015.jpg\")
<\/p>\n\n
\n\n
\n Sector<\/strong><\/td>\n Details<\/strong><\/td>\n<\/tr>\n \n \u00a0Hydropower<\/td>\n Major exporter of electricity as two thirds of electricity generated in Lao PDR is exported to Thailand, Vietnam and Cambodia, where demand continues to rise. Known as the Battery of ASEAN, Lao PDR aims to cater to domestic and regional demand (distribute electricity to neighbouring countries, set up stations, control centres and build skilled team). Key landmark projects include NT2 and the EDL-GE Projects.<\/td>\n<\/tr>\n \n \u00a0Agriculture<\/td>\n Availability of a high ratio of land for agriculture and agriculture forestry Government promotes contract farming and Organic farm.<\/td>\n<\/tr>\n \n \u00a0Manufacturing<\/td>\n Aims to be a manufacturing base given its close proximity to other countries and low production cost Promote the setting up of manufacturing bases at SEZs that have attractive incentives<\/td>\n<\/tr>\n \n \u00a0Tourism<\/td>\n A key economic driver, tourism contributed around US$2 billion or 13.7% of GDP in 2017. This is expected to rise to US$3.3 billion by 2028. Key tourist attractions are the Mekong River, the UNESCO World Heritage sites at Luang Prabang, Vat Phou, and the Xiangkhoang Plateau. Listed as World\u2019s No.1 in tourism, as follows: Top of \u201cPlaces to Go\u201d list in 2008 by New York times; \u201cThe best city in the world to visit\u201d by the Wanderlust, a leading British travel magazine; \u201cTop City\u201d Award in 2006-2012 (except in 2009 being in top 10); \u201cWorld Best Tourist Destination\u201d in 2013 by the European Council on Tourism and Trade. \u201cWanderlust Travel Awards\u201d in 2015 Lao PDR is top 10 while Luang Prabang is No.1 New areas of growth: Ecotourism, cultural tourism and agro-tourism.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
\n[\/et_pb_accordion_item][et_pb_accordion_item title=”Shaping inclusive and sustainable growth” open_toggle_text_color=”#01477a” _builder_version=”4.16″ _module_preset=”default” border_radii=”on|10px|10px|10px|10px” box_shadow_style=”preset3″ global_colors_info=”{}” toggle_text_color=”#01477a” toggle_level=”h4″ toggle_font=”|700|||||||” open=”off”]<\/p>\n\n
\n[\/et_pb_accordion_item][\/et_pb_accordion][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.16″ _module_preset=”default” background_image=”https:\/\/investlaos.gov.la\/wp-content\/uploads\/2022\/04\/Group-519@2x.png” custom_margin=”-16px|||||” custom_padding=”42px||21px|||” locked=”off” global_colors_info=”{}”][et_pb_row column_structure=”1_3,2_3″ make_equal=”on” _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_divider show_divider=”off” _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_divider][et_pb_image src=”https:\/\/investlaos.gov.la\/wp-content\/uploads\/2022\/04\/NoPath-Copy-6@2x.png” title_text=”NoPath – Copy (6)@2x” _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][et_pb_column type=”2_3″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.16″ _module_preset=”default” text_text_color=”#01477a” text_font_size=”30px” global_colors_info=”{}”]Regional Integration<\/strong>
\n[\/et_pb_text][et_pb_divider color=”#357baf” divider_weight=”4px” _builder_version=”4.16″ _module_preset=”default” width=”122px” module_alignment=”left” global_colors_info=”{}”][\/et_pb_divider][et_pb_text _builder_version=”4.16″ _module_preset=”default” custom_margin=”-26px|||||” global_colors_info=”{}”]Poised to emerge as a key economy in the region, Lao PDR is on track to transform itself into one of the most dynamic countries in Southeast Asia, offering diverse business opportunities to both domestic and foreign investors alike. Bordering key markets – Thailand, China, Vietnam, Cambodia and Myanmar – this land-linked country is at the heart of ASE AN, with strong bilateral trade and investment ties with key economies in the region and beyond, leveraging on the establishment of the ASEAN Economic Committee (AEC), as well as ASEAN’s trade and investment partners.<\/p>\n
\n– unilateral trade agreements with 39 nations,
\n– bilateral investment treaties with 28 nations, and
\n– General Special Preferences (GSP) privileges with 42 countries.
\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.16″ _module_preset=”default” text_font=”|700|||||||” text_text_color=”#01477a” text_font_size=”18px” global_colors_info=”{}”]I. AT THE HEART OF REGIONAL INTEGRATION
\n[\/et_pb_text][et_pb_text _builder_version=”4.16″ _module_preset=”default” custom_margin=”-26px|||||” global_colors_info=”{}”]<\/p>\n![\"\"](\"https:\/\/investlaos.gov.la\/wp-content\/uploads\/2022\/04\/Group-182@2x.png\")
<\/p>\n
\n[\/et_pb_text][et_pb_text _builder_version=”4.16″ _module_preset=”default” custom_margin=”-26px|||||” global_colors_info=”{}”]<\/p>\n![\"\"](\"https:\/\/investlaos.gov.la\/wp-content\/uploads\/2022\/04\/Capture.png\")
<\/p>\n
236,800 km2<\/p>
Vientiane Capital<\/p>
7,013 Millions (2018)<\/p>
2.9 Millions<\/p>
Buddhism<\/p>
85%<\/p>
Lao<\/p>
2.599 US$ (2018)<\/p>
Kip<\/p>
6.29 % (2018)<\/p><\/p><\/p><\/p>\u00a0<\/strong><\/td> Savan Seno SEZ OSS Centre<\/strong><\/td> Other OSS Centre<\/strong><\/td><\/tr> Main business permit<\/strong><\/td> Within five (5) working days<\/td> One to Two weeks<\/td><\/tr> Work permits<\/strong><\/td> Within one (1) working day<\/td> Eight (8) working days<\/td><\/tr> Import \u2013 Export licenses<\/strong><\/td> Within two (2) hours<\/td> At least five (5) working days<\/td><\/tr><\/tbody><\/table> <\/p>Sector<\/strong><\/td> Details<\/strong><\/td><\/tr> \u00a0Hydropower<\/td> Major exporter of electricity as two thirds of electricity generated in Lao PDR is exported to Thailand, Vietnam and Cambodia, where demand continues to rise. Known as the Battery of ASEAN, Lao PDR aims to cater to domestic and regional demand (distribute electricity to neighbouring countries, set up stations, control centres and build skilled team). Key landmark projects include NT2 and the EDL-GE Projects.<\/td><\/tr> \u00a0Agriculture<\/td> Availability of a high ratio of land for agriculture and agriculture forestry Government promotes contract farming and Organic farm.<\/td><\/tr> \u00a0Manufacturing<\/td> Aims to be a manufacturing base given its close proximity to other countries and low production cost Promote the setting up of manufacturing bases at SEZs that have attractive incentives<\/td><\/tr> \u00a0Tourism<\/td> A key economic driver, tourism contributed around US$2 billion or 13.7% of GDP in 2017. This is expected to rise to US$3.3 billion by 2028. Key tourist attractions are the Mekong River, the UNESCO World Heritage sites at Luang Prabang, Vat Phou, and the Xiangkhoang Plateau. Listed as World\u2019s No.1 in tourism, as follows: Top of \u201cPlaces to Go\u201d list in 2008 by New York times; \u201cThe best city in the world to visit\u201d by the Wanderlust, a leading British travel magazine; \u201cTop City\u201d Award in 2006-2012 (except in 2009 being in top 10); \u201cWorld Best Tourist Destination\u201d in 2013 by the European Council on Tourism and Trade. \u201cWanderlust Travel Awards\u201d in 2015 Lao PDR is top 10 while Luang Prabang is No.1 New areas of growth: Ecotourism, cultural tourism and agro-tourism. \u00a0<\/td><\/tr><\/tbody><\/table>
- unilateral trade agreements with 39 nations,
- bilateral investment treaties with 28 nations, and
- General Special Preferences (GSP) privileges with 42 countries.<\/p><\/p><\/p>