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.
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