Laos moves towards industrialisation
Laos is now moving towards industrialisation and modernisation after experiencing a slight increase in the share that the industrial and service sectors represent in the overall economic structure.
In contrast, the agriculture and forestry sector has declined significantly in the past decade as a result of the country pursuing a market economy.
Deputy Minister of Planning and Investment Ms Khamchan Vongsaenboun on 19 January presented a report on the role of her ministry in developing the market economy in line with socialist principles, at the 10th Party Congress.
