Whilst the business environment is marred by regulatory opacity and hampered by corruption, communist rule has enabled political stability. The economy is forecast to rebound relatively strongly from the Coronavirus (COVD-19) pandemic, but exposure to natural resources raises Laos’ vulnerability to external shocks. Population growth will support the consumer market, whilst a young population could improve competitiveness. Greater internet and mobile use will bolster e-commerce and m-commerce.
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Country Profiles examine the economic and political trends in 210 countries and associated regions, serving as a one-stop-shop for data and analysis on the economy, political landscape and the business environment. This report series allows you to understand the macro-economic environment as a basis for strategic planning.
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