Laos PM vows stronger action to improve business environment

VIENTIANE (Vientiane Times/ANN): Laos Prime Minister Sonexay Siphandone has pledged to amend legislation to improve the business environment amid fierce international competition by governments to improve their ease of doing business.

he government will “amend the Investment Promotion Law and relevant legislation to smooth business operations and investment,” he told lawmakers at the ongoing National Assembly (NA)’s 5th ordinary session.

In response to questions from Assembly members, the head of government said his cabinet will explore and employ greater incentives to attract private investment.

The relevant sectors will be entrusted to expedite the categorisation of land types so that land concessions can be issued quickly in accordance with particular investment projects upon approval.

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Vientiane Times/ANN