The Foreign Investment Law of July

The Foreign Investment Law of July 1988 is modeled on legislation that has already been adopted in Vietnam and China. Laos seeks to encourage foreign investment as a means of facilitating economic development as called for by the New Economic Mechanism. The government hopes that foreign investment projects will help to shift the economy from a subsistence to a commodity production basis by improving the management skills of the labor force; introducing advanced technology to the manufacturing sector; fostering economic, scientific, and technological cooperation with other countries; and increasing the production of goods for export.

The Foreign Investment Law of July 1988 is modeled on legislation that has already been adopted in Vietnam and China. Laos seeks to encourage foreign investment as a means of facilitating economic development as called for by the New Economic Mechanism. The government hopes that foreign investment projects will help to shift the economy from a subsistence to a commodity production basis by improving the management skills of the labor force; introducing advanced technology to the manufacturing sector; fostering economic, scientific, and technological cooperation with other countries; and increasing the production of goods for export.

The Foreign Investment Law of July 1988 is modeled on legislation that has already been adopted in Vietnam and China. Laos. Seeks to encourage foreign investment as a means of facilitating economic development as called for by the New Economic. Mechanism.The government hopes that foreign investment projects will help to shift the economy from a subsistence to a commodity. Production basis by improving the management skills of the labor force; introducing advanced technology to the manufacturing. Sector; fostering, economic scientific and technological, cooperation with other countries; and increasing the production. Of goods for export.
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