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Business and Investment Opportunities in Lao PDR September 09, 2010

Business and Investment Opportunities in Lao PDR September 09, 2010. Kissana Vongsay. Lao Economic and achievement of National Social-Economic Development Plan 2001-2005. Lao PDR–Strategic Location.

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Business and Investment Opportunities in Lao PDR September 09, 2010

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  1. Business and Investment Opportunities in Lao PDR September 09, 2010 Kissana Vongsay

  2. Lao Economic and achievement of National Social-Economic Development Plan 2001-2005

  3. Lao PDR–Strategic Location • Laos is at the centre of the GMS, consisting of Cambodia, Myanmar, Thailand, Vietnam, and Yunnan province of China. • It is the only country bordering all the other countries in the sub-region. • More than 70% of international trade in Laos - except air freight - is cross-border trade • 50% of the Lao population lives in border districts.

  4. Advantages: • Comparative Advantages: • Rich in natural resources • High economic growth rates • Good business climate and business confidence • Large Area of Fertile Agricultural Land • Growing tourism • Infrastructure projects • Little competition in many industries • Good opportunities for machine building and civil engineering companies (among other equipment for hydro power plants, textile industry etc.) • Virtually no damaging natural disaster • Reliable energy supply • Decent living conditions for foreign experts and managers (exception: health care)

  5. Advantages: • Competitive Advantages: • One of the most Politically Stable Country in the Region • Socio-Economic and Financial Stability • Business friendly laws and continuation of economic reforms • High Security (Low Crime Rate) • Privileged access to the EU market • Low Labor Costs • GSP Privileges given from 42 countries • Liberal Laws and Regulations creating favorable business and investment environments

  6. Lao PDR: Business Opportunities • Tourism • Construction and civil engineering incl. infrastructure • Power generation and sales of equipment • Mining, sales of mining equipment • Environmental Technologies • Communication sector • Textile industry (special textiles) • Agro processing • Logistics • Etc.

  7. Challenging • Small domestic market with limited mass purchasing power • Moderate level of vocational skills • Land locked (land linked?) country with sometimes poor infrastructure beyond the main roads resulting in high transportation cost • Topography detrimental to traffic and low population density • Banking system and financial system are still developing

  8. Lao PDR: Advocacy and Promotion of Interest of the Business Sector

  9. Thank You For Your Kind Attention LNCCI Address and Contact Numbers Phonphanao Village Kayson Phomvihane Avenue Saysettha District P.O.Box 4596 Vientiane Capital, Lao PDR Tel: (865- 21) 452579, 453312-4 Fax: (856 - 21) 452580 E-mail: lncci@laopdr.com Web site: www.laocci.laotel.com

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