Dear Japanese Investors,
Over the past few years, the Lao PDR has been gradually stepping forwards into positive directions, which resulting in a rapid increased in economic development and economic growth across the nation.
The Lao government has made vigorous efforts to address challenges posed by the outside world. Thus, it has played a critical role in sustaining and promoting foreign investment. One of the major improvements was the amendment of Foreign Investment Law in 2004 and the promulgation of the Implementing Decree in 2005. These changes have profoundly altered the investment climate and gradually create a grater economic efficiency. Furthermore, the new unified investment law, which combined the existing laws on the Promotion of Domestic and Foreign Investments into one, has been approved by the National Assembly in early July 2009. The main features of this new law are to provide level playing field for both domestic and foreign investors, simplify investment procedures and offer more investment incentives to investors.
Nevertheless, the inclusion of improving infrastructure is the prerogative of the Lao government. A number of road improvement and construction projects are currently taking place. The completion of the Second Mekong International Bridge also marks the great success and fulfills the government ambition in transforming a country to become a “land-linked” and thriving hub of the GMS region.
The purpose of publishing this revised version of the Lao Investment Guidebook is to provide up to date information, especially the investment law and regulations. You will also find an easy to follow step-by-step investment start up procedures, which will formulate a clear concept of doing business in the Lao P.D.R.
Dr. Sinlavong Khoutphaythoune,
Minister of Planning and Investment, the Lao PDR