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Laos’ new law offers incentives to attract investment

A newly-amended Investment Promotion Law has recently been promulgated, offering a variety of incentives to attract investment in both promoted sectors and hardship areas. Businesses investing and operating in hardship communities (known as Area I),where infrastructure has not yet been developed, will enjoy favourable profit tax exemptions over 10 years according to the amended law, […]

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Laos Expected to Enjoy Economic Growth through 2018

The Lao PDR’s economic growth is picking up this year and is expected to continue growing in 2018, supported by the expansion of production, sale of electricity, buoyant service sector growth, and construction of the cross-border railway project, an Asian Development Bank report pointed out. The ADB’s flagship annual economic publication, Asian Development Outlook (ADO) […]

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