The Study of Investment in the Lao People’s Democratic Republic, Law and Related Problems

Abstract

This research study. The objective of (1) is to study investment in Lao PDR during the past one year of 2012. According to research studies, it is found that the investment situation in Lao PDR is likely to increase overall and is a country. One of the fastest growing economies in the ASEAN region, with an average annual GDP increase of 8% per year, most of the income comes from the foreign capital sector (2) to study the industry or Number of investor projects of each country invested in Lao PDR The total approved investment sector in 2012 was 14 countries [ranking with the most investment each country was Vietnam has 12 value projects. Invested 1,454,654,474 US $ Lao PDR has 58 projects worth investment 262,095,251US $ South Korea has 5 projects worth 136,294,708 US $ China 21 projects worth 77,327,922 US $ Thailand has 11 projects worth 69,578,275 US $ Malaysia has 2 projects worth 22,030, 000 US $ Hong Kong has 2 projects worth US $ 6,500,000 US $ 1 project worth US $ 1,851,840 Canada has 1 project worth 1,493,010 US $ Israel has 3 projects worth US $ 1,432,600 Russia has 1 project worth US $ 900,000 France has 6 projects worth US $ 748,000 Taiwan has 1 project worth US $ 400,000 Japan has 1 project worth US $ 350,000] (3) to study problems, obstacles and laws related to investment in Lao PDR using secondary data and as Collect information from various media such as books, documents, articles, journals and other legal regulations. Related to the investment promotion in the Lao PDR, for example, the law of investment promotion in the Lao PDR has recently been implemented. Therefore, there may be an interpretation from the operating agency of the Lao PDR. Different in each department. In addition, the law is revised and changed quickly. Of course not. Laws and practices. Inconsistent in some issues, including not meeting international standards In terms of technology, there have been many developments, forcing investors in the Lao PDR to import everything from raw materials, equipment, machinery, financial services. There are few commercial banks in Lao PDR and most of them are in Vientiane Capital. May cause inconvenience in using the service The utilities such as electricity, water and water are not distributed evenly. Transportation routes are still out of the way. It takes time to transport. Including the high cost Because investors are unable to transport goods by their own cars or have to pay for the vehicles registered for transportation only. And is a landlocked country Local labor is still less skilled workers (Non-Skill) and the foreign workers can be brought into only as needed. The market size of the Lao PDR. Laos is small, population is still small. Not much purchasing power The distribution of information or advertising is still limited.