Economy
's economy The Lao PDR., Well developed, respectively, in the 20 years since modifications economy socialist economic system free market when in 2529 the Lao PDR. The economic expansion continues at an average rate. 6.2 percent per year in revenue, up from about US $ 200 in 2529 to 491 million US dollars in 2548 the industry grew at a rate of not less than 10 percent per year, the electric power industry is the main branch of construction. Laos, however, the economy still faces problems that need to rectify this. Include The oil price Higher Trade deficit at a high rate. Currency instability hooves Storage income below the target. And the problem of corruption Resources of Laos, including wood, tin, gypsum, lead, salt, iron, coal, lignite, zinc, gold, gems, marble, oil and water, electricity Investment Lao government has changed the rules to create an atmosphere conducive to more investments such measures. Tax Allow Vientiane and Luang Prabang Champasak. Authority to approve projects with a value of up to US $ 2 million Allowed to approve investment projects worth up to US $ 1 million. The foreign investment in Laos is expected to increase steadily in the year 2546, worth 465 million US dollars in 2547 worth 533 million US dollars, and the year 2548 is $ 1.6 billion. Investors, including Thailand, Vietnam, France, Australia, China cooperation in the region close to ASEAN. Laos joined ASEAN in July 2540 as president last month. ASEAN Committee in July 2547> Strategic Economic Cooperation Ayeyarwady - Chao Phraya - Mekong. (Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy - ACMECS)> Emerald Triangle cooperation in the framework of imports and exports, exports of Laos. Including garments, timber, lumber, wood products, iron ore, scrap metal, coal, raw hides and leather, tobacco, coffee, corn exported to Thailand, Vietnam, France, Japan, Germany, United Kingdom, United States, Netherlands and Germany imported goods. Laos, Thailand imports from China, Vietnam, Singapore, Japan, Australia, Germany, the major product. Motorcycles and parts Machinery Electric heating food, fabrics, chemicals and consumables.
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