Business Opportunities, Challenges, and Tips in Laos

Foreign interest in Laos is growing fast due to the nation’s array of natural resources, land availability and openness to overseas enterprise. But, how easy is it to do business in one of the least developed nations in Asia? Howard James and Lois Avery report.

Laos confidently markets itself as one of the most unspoiled countries in Asia. For years, the landlocked nation sat quietly, surrounded by neigbouring economic powerhouses China, Thailand and Vietnam.

The former French colony is one of the few remaining communist countries in the world and remains one of the poorest, with a gross national income (GNI) per capita of just $1,010, according to the World Bank.

However, a strong growth story has slowly emerged over the last two decades. In 1986, the country’s economy opened up with a series of reforms geared towards creating a...

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