Investment in Lao industry stagnates
VIENTIANE (Vientiane Times/ANN) – The growth rate of factories in Laos is continuing to moderate despite the government improving its policies and regulations to attract investors.
The number of factories has grown by just 5 percent annually, according to statistics collected by the Department of Industry and Handicrafts under the Ministry of Industry and Commerce.
Laos had 13,148 factories in 2016, including large, medium, small and household units, according to information posted on the ministry’s website.
News Desk
