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Lao P.D.R. FDI Policy. Presented by: Manothong Vongsay Deputy Director General Investment Promotion Department Ministry of Planning and Investment. Outline of Presentation:. Country Snapshot: Macro Performance FDI Info Government Policy Open Door Policy Investment Policy

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lao p d r fdi policy
Lao P.D.R. FDI Policy

Presented by: Manothong Vongsay

Deputy Director General

Investment Promotion Department

Ministry of Planning and Investment

outline of presentation
Outline of Presentation:

Country Snapshot:

Macro Performance

FDI Info

Government Policy

Open Door Policy

Investment Policy

III. New features of Investment Law

IV. Sector Opportunities

slide3

LAO PDR

I. Country Snapshot

  • Land Area : 236,800 sq. km
  • Population : 6.6 Millions (2008)
  • Population Density 25 people/sq km
  • Population Growth: 2.3 %
  • Labor Force : 2.9 Millions
  • Religion: Buddhism
  • 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.
i country snapshot macro economic policy framework 7 th nsep
I. Country Snapshot: Macro- Economic Policy Framework (7th NSEP)

Ensuring Economic Growth at ≥ 8% p.a.

Ensuring Sustainable Development - Balancing Socio-Economic Development along with Environmental Protection, emphasizing on HRD

Promotion of Gradual Development of Industrialization and Modernization

Achieving Millennium Development Goals (MDGs) – poverty reduction by 2015 and graduating from least development countries (LDC) by 2020

Promotion of Regional and International Integration {GMS,ASEAN, WTO, BITs (28) [Lao-Korea BIT signed on 15 May 1996, became effective on 14 Jun 1996]}

i country snapshot macro economic performance the 6 th five year national socio economic plan
I. Country Snapshot: Macro-Economic Performance(the 6th Five-Year National Socio-Economic Plan)

Total Investment 73.9 th. Bil. Kip (32% of GDP)

Public Investment: 31.25%

Private: Domestic and Foreign: 68.75%

  • Average GDP Growth: 7.5-8%, Per Capita Income 827 US$
i country snapshot macro economic plan the 7 th five year national socio economic plan
I. Country Snapshot: Macro-Economic Plan (the 7th Five-Year National Socio-Economic Plan)

Private Investment: Domestic and Foreign: 64 % of Total Investment or 7.4 Billion US$

Public Investment: the remaining %

  • Average GDP Growth: ≥ 8%, Av. Per Capita Income 1,700 US$
  • (in 2015)
slide7

I. Country Snapshot: FDI Info

Investment Inflows, 2001-2010

ii government policy open door policy
II. Government Policy: Open Door Policy

New Economic Mechanism:

1986: Shifting from planned economy to a market oriented economy

Privatization of state enterprises

Open for FDI: - FDI Law 1988

- FDI Law (1st revised) 1994

- FDI Law (2nd revised) 2004

- FDI Law (3rd revised) 2009

ii government policy party approves new measures to boost development four breakthrough measures
II. Government Policy: Party Approves New Measures to Boost Development: “Four Breakthrough Measures”

Change in Attitude “…relieve the minds from old stereotypes, complacency and extremism”

Develop Human Resource “…has important role in socio-economic development in a new era of the intellect based economy” (New IP Law)

Simplify Administrative Procedures and Management :Government imposition of Policy to set up single window (New IP Law)

Poverty Reduction: Domestic and Foreign Fund Mobilization, Incentives vs Investment in Rural Areas (New IP Law)

iii new features of investment law
III. New Features of Investment Law
  • Combined the domestic investment law and foreign direct investment law into one to create a “level playing field” for both domestic and foreign investors;
  • Shorten procedures to open new businesses;
  • No terms of investment for promoted activities;
  • Extended Investment incentives: Education and Health care sectors are top priorities;
  • Foreigners can have access to local financial sources;
  • Foreign Invested Companies can own a piece of land for building their offices/residences (Certain conditions to be applied);
  • Foreigners can invest in the real estate sector;
  • Promotion of the development of SEZ and Industrial Park.
slide13

-Zone I

-Zone II

-Zone III

Investment Promotion Zoning

  • Investment promotion zoning

Zone 1:Mountainous, plateau zones with no economic infrastructure.

Zone II: Mountainous, plateau zones with a moderate level of economic infrastructure.

Zone III: Mountainous, plateau zones with good economic infrastructure.

CAMBODIA

granting additional incentives
Granting additional incentives
  • Exempt land lease or land concession

Zone 1 = 15 years

Zone 2 = 10 years

Zone 3 = 3 years

  • Provide additional 5 years for cooperate profit tax exempt

Education & Healthcare sectors

approval procedure for domestic and foreign investment licenses in general opened activities
Investor proposes to registerApproval procedure for domestic and foreign investment Licenses in general/opened activities

Ministry/Department of Industry

and Commerce

Business that fall into controlled list

Business not fall into controlled list

Request for comments from Ministry/Department concerned within 10 working days

Issue enterprise registration certificate within 10 working days

Issue enterprise registration certificate within 3 working days

approval procedure for concession investment projects
Investor submit investment applicationApproval Procedure for Concession Investment Projects

1

IPD receive the application for appraisal and technical approval of the investment

2

Provide guidance to investor for preparing necessary documents

3

OSS meeting

4

Propose to Government or provincial authorities for approval consideration and suggest investor to submit the quarantee money

5

Signing the agreement, issue the concession certificate

slide18

IV. Sector Opportunities:

  • Electricity Generation
  • Tourism
  • Agriculture and Forestry
  • Processing Industry
  • Manufacturing
  • Mining
  • Services
slide19

Contact Address:

Investment Promotion Department

Ministry of Planning and Investment

Souphanouvong Avenue, Vientiane 01001,

Lao PDR

Tel: (856-21) 222 690

Fax: (856-21) 215 491

Website:www.investlaos.gov.la