VIENTIANE : Even at a time when all eyes are fixed on booming China, the impressively growing economy of Laos is capturing the attention of investors, particularly from neighbouring Thailand.
The Lao economy last year expanded by 6.4%, the second highest in East Asia after China, according to a World Bank report. From 2003-08, the country's real GDP growth averaged 7.2% per year.
Although Laos's limited exposure to global trade helped shield it from the global financial crisis, the Communist country has increasingly become more open to the outside world, attracting everyone from curious tourists to yearning investors.
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