Investment in concession projects drops in Laos, says finance report

Tourism related businesses have been recovering after Laos opened its door to international visitors last year. - Vientiane Times/ANN

VIENTIANE, June 1 (Vientiane Times/ANN): While investment in concession operations and special economic zones dropped in Laos last year, the number of newly registered businesses has increased significantly, a new report has unveiled.

The value of authorised investment in concession projects dropped from US$7.39 billion in 2020 to only US$2.41 billion in 2021 and US$2.14 billion in 2022, according to the latest report from the Macro-economic Research Institute of the Lao Academy of Social and Economic Sciences (LASES).