Global Invest

Laos Welcomes Investors as it Joins the Free Market

Laos has been aggressively pursuing economic reforms and a transition to a mostly market economy. The country welcomes investors with a host of tax incentives and trade agreements.

- By William Bell

The name Laos rolls off the tongue and evokes images of mystical Asia. There is not much mystery though about the economic reforms that the country has been developing, implementing and adapting to changing market conditions since 1986.

During the past 20 years there have been substantial legal and economic reforms designed to promote private sector investments. The efforts have paid off handsomely in a high rate of economic growth over the last 10 years. As a member of the prestigious Association of Southeast Asian nations (ASEAN) and the equally prestigious World Trade Organization (WTO), the landlocked country serves as a link between China and Southeast Asia and is a major trading partner with Vietnam, China and Thailand.

Since 2006, Lao...

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