Looking to expand your business into Laos? Lao Terra Nova is ready to offer our consultations and support for international businesses looking to invest in this growing Terra Nova market of the Lao PDR.
Laos is a landlocked country in Southeast Asia with a population of around 7 million people. The country has a rapidly growing economy, with an average annual growth rate of 6.5% over the past decade. The government has implemented policies to attract foreign investment, and there are many investment opportunities in Laos, particularly in the areas of hydropower, mining, agriculture, tourism, and manufacturing. Also, there are more then 10 special economic zones (SEZ) providing investors the opportunities of enjoying various benefits
Hydropower is one of the most promising sectors for investment in Laos, as the country has abundant water resources and the potential to generate up to 26,000 MW of electricity. The government has set a target to increase the share of renewable energy in its energy mix to 30% by 2025.
Mining is another sector with significant potential in Laos, with rich deposits of minerals such as copper, gold, and tin. The government has introduced policies to encourage investment in the mining sector, including tax incentives and streamlined procedures for obtaining mining licenses.
Agriculture is a key sector in Laos, accounting for around 30% of GDP and employing around 70% of the population. There are opportunities for investment in agribusiness, particularly in the production of crops such as rice, coffee, and rubber.
Tourism is also a growing sector in Laos, with the government aiming to attract 5 million tourists per year by 2025. Investment opportunities exist in the development of hotels, resorts, and other tourism-related infrastructure.
Laos is also a great place to set up a small business such as restaurant, coffee shop, bar, massage parlor or anything related to entertainment. Lao Terra Nova will be pleased to share our suggestions on these opportunities.
Finally, manufacturing is an emerging sector in Laos, with the government promoting investment in industries such as textiles, garments, and electronics. The country’s strategic location in the heart of Southeast Asia also makes it an attractive location for companies looking to set up regional production hubs.
Overall, Laos offers many investment opportunities for international businesses looking to expand into this dynamic market. With the right guidance and support, investors can tap into the country’s potential and achieve success in their ventures.