Laos Remains Difficult For Doing Business
Laos is ranked 165th in the IFC’s Doing Business ranking for 2012, dropping from 163rd in 2011, despite the government having made key economic policy reforms.
One of the issues resulting in the drop in ranking is the difficulty businesses face when seeking credit or investment funding.
The Lao government has amended laws and created a ‘one-stop service’ for companies seeking investment permission and a business licence, which will become operational in October.