The latest developments in the ease of doing business in Lao PDR.
The trade balance surplus in Lao PDR reached USD 9,345 million in 2017.
The Department of Import-Export, Ministry of Industry and Commerce, has reported that in 2017 the industrial processing sector has expanded to a value of worth 8,942 billion kip, an increase of 4.15% compared to the year 2016.
After promulgation, the upcoming Civil Code currently being drafted by the Government of Lao PDR (the “GOL”) will replace the Property Law; Contract and Tort Law; Family Law; Heritage and Basis of Inheritance; Secured Transaction Law; Nationality Law; Enterprise Law; and others. It aims to homogenise and clarify the legal concepts expressed in different, and sometimes contrary, ways across the scope of numerous laws.