A Budding Tourism Sector

A budding tourism sector The country is blessed with lush and spectacular landscapes as well as rich tradition and culture and is becoming a magnet for tourists from the West over the last few years. Tourists are attracted to flagship destinations such as the Mekong River, the UNESCO World Heritage sites at Luang Prabang, Vat… Continue reading A Budding Tourism Sector

Wealth of Natural Resources

Wealth of natural resources The country’s traditional engine of growth has been its vast reserve of natural resources — electricity, agriculture and forestry, and minerals among others. Laos is, in fact, a major exporter of electricity with about two thirds of electricity generated exported to Thailand, Vietnam and Cambodia, where demand continues to rise. Harnessing… Continue reading Wealth of Natural Resources

Communist Party in Charge

Communist party in charge Laos is a communist country, and the only legal political party is the Lao People’s Revolutionary Party (LPRP). All political activity takes place within the framework of a one-party socialist republic. The de jure head of state is President Bounnhang Vorachith, who also is LPRP general secretary making him the de facto leader… Continue reading Communist Party in Charge

Government Wooing Business

Government wooing business The government of Lao PDR is focused on creating a strong foundation for economic growth. Short, medium and long-term planning are key elements of this, with the 9th National Socio-Economic Development Plan (NSEDP) 2021-2025 guiding policy priorities across government in line with the country’s economic and development transformation targets. The plan is… Continue reading Government Wooing Business

Laos: High Potential

Laos: High potential Located in the heart of ASEAN, the Lao People’s Democratic Republic (LPDR) or Laos 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’s trade and investment partners. Laos has the strategic geographic… Continue reading Laos: High Potential