Guide de voyageTripadvisor

Laos Economy

13/04/2019 837 Views
Punctuality is appreciated. Lightweight suits, shirt and tie should be worn. English is not spoken by all officials and knowledge of French is useful. Business cards should have a Laotian translation on the reverse. Best time to visit is during the dry season, from November to April.
Office hours: 
Mon-Fri 0800-1200 and 1300/1400-1600.

Economy: 
Laos is one of the world's poorest countries, and its predominantly agricultural economy is largely at a level of subsistence. The main crops are rice, pulses, fruits, sugar cane, tobacco and coffee. Laotian coffee is highly rated among connoisseurs and is now the country's single largest export commodity. 
Considerable reserves of tin, lead, zinc, iron ore, coal and timber are largely untapped. Industry is mostly concerned with textiles, basic consumer goods and processing raw materials. The tourism industry has developed since the late 1990s. It is now Laos' single largest source of income but development is hampered by chronic shortages of skilled labour and foreign exchange. 
Economic reforms began in the early 1990s but, compounded by the regional financial crisis, the economy was in serious difficulties by the beginning of 1999 with the Lao Kip sinking against the US Dollar, which it has continued to do. Since then, something of a recovery has taken place: in 2011 the economy was growing at around 8.3% annually while inflation had been cut to 7.8%. The economy relies heavily on foreign aid. Laos is currently working towards joining the World Trade Organisation.
GDP: US$7.9 billion (2011). 
Main exports: Clothing, timber products, copper, electricity and coffee.
ONLY WITH US : 100 % MONEY BACK GUARANTEE within 10 days from the date of booking if not satisfied.
For further information, or simply a free quote, please contact us at any time via our email: info@galatourist.com, our experienced consultants will reply to you within 48 hours.
Sincerely yours & see you soon!
GALATOURIST since 2005.
Related Articles
Best places to visit in Oudomxay, Laos - Oudomxay attractions
Best places to visit in Oudomxay, Laos - Oudomxay attractions
Oudomxay, also referred to as Muang Xay, is the capital city of Oudomxay Province in Northern Laos. A place where you can experience untouched nature as well as cultural life.
Savannakhet attractions - What to see in Savannakhet
Savannakhet attractions - What to see in Savannakhet
With the development and economic impact, Savanakhet is an attractive tourist destination with some of the most famous historical sites that travelers can not miss.
Top attractions in Luang Namtha, Laos
Top attractions in Luang Namtha, Laos
Luang Namtha may be best known for its adventures in nature, but it also presents plenty of cultural and heritage attractions that are easy to reach.
Everything you need to know about Champasak, Laos
Everything you need to know about Champasak, Laos
Champasak was once, 1400 years ago, the centre of power in the lower Mekong basin, later a revered outpost of the Khmer Angkor empire and later still one of the three kingdoms to rule over the remains of Lane Xang. A fine heritage that, according to the last prince of Champassak, was brought to hard times by a former queen's indiscretion.
Laos People & Population
Laos People & Population
Laos, officially the Lao People's Democratic Republic, is a landlocked country in Southeast Asia bordered by China, Burma, Cambodia, Vietnam and Thailand.
Laos Arts
Laos Arts
One of the trademarks of Laos is the diversity of its people and cultures. There are a number of traditional arts and crafts that represent their way of life. Lao has a rich cultural heritage with religious art and architecture forming the cornerstone of artistic traditions.
Climate Laos
Climate Laos
Most of the year is hot and humid. Laos enjoys a tropical climate with two distinct seasons. The rainy season is from the beginning of May to the end of September, and the dry season is from October through April.
Laos Traditional Dance
Laos Traditional Dance
Lao religious images and art is also distinctive and sets Laos apart from its neighbors.
Laos Culture
Laos Culture
Lao people are frank, open and friendly, and they possess a strongly developed sense of courtesy and respect. Everyone who adheres to the latter will receive a warm welcome.
Laos Religion
Laos Religion
Buddhism first appeared in Laos during the eighth century A.D., as shown by both the Buddha image and the stone inscription found at Ban Talat near Vientiane, now exhibited at Hor Pra Keo Museum. After the foundation of the unified Kingdom of Lane Xang, King Fa Ngum (14th Century) declared Buddhism as the state religion and urged the people to abandon Animism or other beliefs such as the Cult of Spirits. His policy meant to develop the Lao culture based on a common faith: Theravada Buddhism.
When to visit Laos ?
When to visit Laos ?
If you’re planning a trip to Laos, determining the best time to visit should be a top priority. You may want to plan your trip for a different time depending on where in Laos you’ll spend the most time, and how you plan to get around.
Laos History
Laos History
Laos traces its history to the kingdom of Lan Xang, founded in the 15th century by Fa Ngum, himself descended from a long line of Lao kings, tracking back to Khoun Boulom. Lan-Xang prospered until the 18th century, when the kingdom was divided into three principalities, which eventually came under Siamese suzerainty.
Filter articles
Top
free telephone appointment
tripadvisor
call
Customize your trip
Customize
Leave a message
Contact
(+84)
Call now!
WhatsApp
WhatsApp
Messenger
View Google Map
Google Map