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The economy of Laos is a lower-middle income developing economy.Being a socialist state (along with China, Cuba, Vietnam, and North Korea), the Lao economic model resembles the Chinese socialist market and/or Vietnamese socialist-oriented market economies by combining high degrees of state ownership with openness to foreign direct investment and private ownership in a predominantly market ...
The Golden Triangle Special Economic Zone is located along the Mekong River in the Golden Triangle area where Laos, Myanmar and Thailand meet. [10]: 103 The zone is midway (20.361150, 100.099807) between Houay Xay, the capital of Laos' Bokeo Province, and Tachileik, Myanmar.
It is responsible for regulating and promoting manufacturing, trade, import and export activity, and for representing Laos and Laotian interests in the international business community. Ministry main offices are located in Vientiane. As of 2022, the current Minister of Industry and Commerce is Malaythong Kommasith. [1]
Economic history of Laos (2 C) I. Industry in Laos (5 C) Infrastructure in Laos (2 C) S. Science and technology in Laos (2 C) T. Trade unions in Laos (2 P)
The East–West Economic corridor is an economic development program initiated in order to promote development and integration of 5 Southeast Asian countries, namely: Myanmar, Thailand, Laos, Cambodia and Vietnam. The concept was agreed upon in 1998 at the Ministerial Conference of the Greater Mekong Subregion, organized in Manila, the Philippines.
It was known before as the Nanning-Singapore Economic Corridor. The economic corridor connects several cities in Southern China with the major cities of Southeast Asia including Hanoi in Vietnam, Vientiane in Laos, Phnom Penh in Cambodia, Bangkok in Thailand, Kuala Lumpur in Malaysia, and Singapore with modern road, rail, and pipelines. [1]
The Ministry of Finance is a government ministry of Laos responsible for public finances according to party regulation, guideline and policy. [ 1 ] Ministers of Finance of the Kingdom of Laos
Laos is a member of the following international organizations: Agency for Cultural and Technical Cooperation (ACCT), ASEAN, ASEAN Free Trade Area (AFTA), ASEAN Regional Forum, ASEAN-Japan Centre (AJC) Asian Development Bank, Colombo Plan, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), Food and Agriculture Organization (FAO), Group of 77, International Bank for ...