Lao MSMEs struggle with financing bureaucracy issues despite economic growth


VIENTIANE (Laotian Times): Micro, Small, and Medium Enterprises (MSMEs) in Laos face ongoing challenges, including limited access to finance, complex administrative procedures, and poor business documentation, according to Vice President Pany Yathotou.

The vice president addressed the issue on 28 October at the 6th Party Congress of the Ministry of Industry and Commerce, stressing that MSMEs must be prioritized in national development, calling for simplified procedures, greater transparency, and expanded access to capital. 

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