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OECD Investment Policy Reviews: Lao PDR

image of OECD Investment Policy Reviews: Lao PDR

This first OECD Investment Policy Review of Lao PDR uses the OECD Policy Framework for Investment to assess the investment climate in Lao PDR and discusses the challenges and opportunities faced by the Government of Lao PDR in its reform efforts. It includes chapters on trends in foreign investment and trade, the legal framework for investment, regulatory restrictions on foreign investment, corporate governance, investment promotion and facilitation, promoting and enabling responsible business conduct, infrastructure connectivity and the investment framework for green growth.

English

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Preface

The Government of the Lao People’s Democratic Republic (Lao PDR) can take justifiable pride in its accomplishments over the past three decades. Substantial economic reforms have led to high and sustained growth rates and rising overall living standards, although more still needs to be done to reduce poverty. The government aspires to graduate from least developed country status by 2020 – a significant ambition achieved by few countries. Foreign direct investment has played a key role in supporting economic development but domestic investment has also been strong. The government is engaged in a number of ambitious reforms to improve the business environment and further reap the benefits of investment, increasingly focusing on attracting responsible and sustainable investments. The newlyamended Law on Investment Promotion, which was being revised during the process of this Review, takes on board a number of OECD recommendations and is intended to be an important step forward.

English

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