Toward a unified investment promotion law : further enhancing the investment climate for growth (Laotien)

The first foreign investment law in Lao PDR was promulgated in 1989 following the government's adoption of the New Economic Mechanism reforms in the mid 1980s. In 1994, the law was amended to include provisions to allow for 100 percent foreign-owned businesses...  Voir la suite The first foreign investment law in Lao PDR was promulgated in 1989 following the government's adoption of the New Economic Mechanism reforms in the mid 1980s. In 1994, the law was amended to include provisions to allow for 100 percent foreign-owned businesses and to broaden the range of sectors open to foreign investment. The first domestic investment law was promulgated in 1995 to provide a framework for promoting investment by Lao owned businesses. Following a second round of revisions to the legal framework for investment in 2004, there are currently two laws governing domestic and foreign investment, namely the domestic investment promotion law and the foreign investment promotion law. The government of Lao PDR is currently revising its legal framework for investment to further streamline procedures to reduce administrative burdens on investors. This business issues bulletin highlights the major issues affecting the legal framework for investment and provides recommendations for reforms to streamline the role of the government in investment approval and strengthen its role in investment promotion and generation.  Réduire

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