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Wall Street Journal cites Lao economy as fastest growing in the region

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  • Wall Street Journal cites Lao economy as fastest growing in the region

    From: http://laovoices.com/headlines/page/5/

    Laos made the headlines in the international and regional media this week as its economy looks set to become the fastest growing in Southeast Asia this year. The Wall Street Journal , a major economic and business publication, reported this week that Laos was Southeast Asia’s newest boom economy.

    According to the Lao Ministry of Planning and Investment, Laos is targeting GDP growth of at least 8 percent annually from 2011 to 2015. The government acknowledges the need to boost the manufacturing sector after Laos becomes a member of WTO early next year. The country’s business climate has improved thanks to technical assistance from the international community including the World Bank, USA and Australia. Economists say that while Laos’ economy is small, its population is also small, which results in a higher per capita income compared to countries that have larger GDPs but more sizeable populations.
    Last edited by PhilipLaos; 31 Oct 12, 01:12.
    "The whole problem with the world is that fools and fanatics are always so certain of themselves, and wiser people so full of doubts."— Bertrand Russell

  • #2
    4G technology comes online for Historic Summit

    4G technology comes online for ASEM Summit

    Lao Telecommunications announced on Friday that it will introduce the latest 4G (fourth generation) technology for use at the 9th Asia-Europe Meeting Summit scheduled for November 5-6 in Vientiane. Providing speeds of up to 100 Mbps, five times faster than the current 3G, the new 4G service will be ready for the Summit.

    The introduction of 4G will make Laos second among the 10 Asean member countries after Singapore to use the technology. The 4G system provides mobile ultra-broadband Internet access, for example to laptops with USB wireless modems, to Smartphones, and to other mobile devices.

    The Lao government announced recently that Laos is fully prepared to host the Summit. As of Tuesday, leaders and delegates from 50 ASEM members out of 51 in total have confirmed their attendance. Of these, 14 are heads of state, 21 are heads of government, two are deputy prime ministers, 12 are ministers, and one is a deputy minister. More than 900 reporters including more than 500 from overseas will be in Vientiane to cover the Summit.

    From: http://laovoices.com/4g-technology-c...r-asem-summit/
    "The whole problem with the world is that fools and fanatics are always so certain of themselves, and wiser people so full of doubts."— Bertrand Russell

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