 The Lao PDR began major reforms in the economic field from 1986 under the New Economic Mechanism (NEM), which apart from moving the economy from a command structure to a market oriented one, also brought about changes in encouraging private participation in industrial development.
The reform process has accelerated since 1990 resulting in substantial investments in various sectors. This section tries to give some basic information to those contemplating investments, joint ventures or simply doing business in the Lao PDR.
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