The economy has benefited from high-profile foreign direct investment in hydropower dams along the Mekong River, copper and gold mining, logging, and construction, although some projects in these industries have drawn criticism for their environmental impacts. The economy has expanded on average by 7.1 percent per year from 2001 to 2010, and is expected to grow by 7.6 percent per year in 2011-2015. VIENTIANE (Vientiane Times/ANN) - Authorities have advised employers in Laos should avoid hiring new foreign nationals from areas or cities where the coronavirus has been reported. Lao … 24 July 2018. Lao PDR is on an increasingly sustainable development path. Laos' economy is heavily dependent on capital-intensive natural resource exports. Laos country profile. 14 Mar 2020 02:00 Laos , General , News Reforms underway have reduced poverty and stimulated growth. ... Landlocked Laos is one of the world's few remaining communist states and one of East Asia's poorest. Laos Economic Thread Laos raises GDP growth forecast level to 7.8 percent The Lao government has changed the forecast of national economic growth to 7.8 percent from 7.5 percent originally set for the 2009-10 fiscal year amidst the global economic rebound. Access the latest politics analysis and economic growth summary through 2011 for Laos from The Economist Intelligence Unit Lao Economists believed that connecting the two plans of the BRI & the Lao Government’s vision to transform the country from being landlocked to a land-linked is a very positive move for Laos’ economy and integration as well as for China. Economic Indicators for Laos including actual values, historical data charts, an economic calendar, time-series statistics, business news, long term forecasts and short-term predictions for Laos economy.
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