The economy of Laos continues to develop in the 2012-2013 fiscal year with a growth rate of 8 percent.
Speaking at a conference in Vientiane on October 2 and 3 to assess thesituation in the period and to work out measures to implement the2013-2014 plan, Lao Prime Minister Thongsing Thammavong further said inthe fiscal year, the country attracted 52 foreign investment projectstotalling 3 billion USD, 11.52 percent higher than the previous fiscalyear, and the poverty alleviation work was carried out in a large scale.
However, he also pointed to the weak points anddifficulties for the country such as the low reserves, the reliance onthe mining of natural resources, the export of raw materials, and thepoor infrastructure.
Besides, the global economic crisis and the natural calamities have also caused serious impact on the Lao economy.
The 2013-2014 fiscal year is of great importance to Laos in itsefforts to ensure a sustainable socio-economic development inassociation with the environment protection, the PM said.
He called on relevant authorities to strive more to accomplish theirtasks towards successfully implementing the Millennium Development Goalsand joining the ASEAN Economic Community by 2015.-VNA
Speaking at a conference in Vientiane on October 2 and 3 to assess thesituation in the period and to work out measures to implement the2013-2014 plan, Lao Prime Minister Thongsing Thammavong further said inthe fiscal year, the country attracted 52 foreign investment projectstotalling 3 billion USD, 11.52 percent higher than the previous fiscalyear, and the poverty alleviation work was carried out in a large scale.
However, he also pointed to the weak points anddifficulties for the country such as the low reserves, the reliance onthe mining of natural resources, the export of raw materials, and thepoor infrastructure.
Besides, the global economic crisis and the natural calamities have also caused serious impact on the Lao economy.
The 2013-2014 fiscal year is of great importance to Laos in itsefforts to ensure a sustainable socio-economic development inassociation with the environment protection, the PM said.
He called on relevant authorities to strive more to accomplish theirtasks towards successfully implementing the Millennium Development Goalsand joining the ASEAN Economic Community by 2015.-VNA
