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Lao economy forecast to grow 7 percent annually

The Lao economy is projected to grow around 7 percent annually between 2017 and 2019, according to the latest edition of the World Bank's Lao Economic Monitor released in Vientiane on May 24.
Lao economy forecast to grow 7 percent annually ảnh 1A street in Vientiane (Source: alamy.com) 
Vientiane (VNA) – The Laoeconomy is projected to grow around 7 percent annually between 2017 and 2019,according to the latest edition of the World Bank's Lao Economic Monitorreleased in Vientiane on May 24.

The report said the country'sgrowth is driven by power projects and recovery in agriculture andmanufacturing sectors, as well as new opportunities prompted by closer regionalintegration.

Inflation pressures remain low,while credit growth has stabilised over the past year, it said, adding that expansionof the power sector is expected to increase power export, while non-resourcesectors such as tourism, trade and financial services are expected to benefitfrom closer regional integration and improved connectivity.
Though Laos has achieved strong economic development over the past decade, thereport says higher investment in human development, particularly healthservices, is a priority.-VNA
VNA
#Lao economy#World Bank#regional integration#health services#Lao Economic Monitor#growth#inflation pression#credit growth#Vietnam#vietnamplus
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