Lao People's Democratic Republic
|Population||7 million (2017)|
|GDP at PPP (current international dollars)||48 billion (2017)|
|GDP per capita at PPP (current international dollars)||7,023 (2017)|
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Agriculture remains an important part of the Lao PDR economy, and government leaders have recognized the sector as a key driver for reducing poverty. As part of the GMS program, Lao PDR is working to improve food security and cross-border agricultural trade, as well as reduce trans-boundary animal disease and foster climate change resilience. The ultimate goal is to improve the lives of people in rural areas, and foster economic development.
In the area of energy, Lao PDR is a leader in the Greater Mekong Subregion. Today, Lao PDR supplies 100 percent of its domestic power needs through hydropower, and derives substantial economic benefit from selling excess power to its GMS neighbors. The Lao PDR Government has recognized that providing widely available and affordable energy to people in both urban and rural areas is important for economic development and poverty reduction.
Though diversification is underway, Lao PDR’s economy is primarily resource-based, so environmental sustainability is vital. As Lao PDR’s economic activity has increased, protection of the country’s environment has become increasingly important. Lao PDR is working with its GMS partners to establish biodiversity corridors, and protect critical ecosystems.
The Lao PDR Government is working closely with its GMS partners to improve education and health, and better develop human resources in the country. This has included vocational training programs, as well as work to improve the skills of the country’s health care workers. GMS-supported programs to control communicable diseases and to improve government officials’ management abilities are also underway.
Lao PDR is using mobile and fixed telephone communications, as well as the Internet, to promote human resource development, research, business, and infrastructure development, and to enhance the country’s education system. Telecommunications access is being expanded into remote rural locations, including areas where vulnerable minority groups can benefit.
Lao PDR has seen a rapid increase in tourism in recent years. Its rich cultural and natural sites are attracting a growing number of visitors. Top destinations include Luang Prabang, Champasak, Vientiane, Vang Vieng, and Savannakhet. Direct flights between Cambodia’ Angkor Wat and Luang Prabang are an example of the efforts underway to link GMS tourist sites, and package them as a single destination. Lao PDR’s strategy is to develop tourism in order to generate jobs, protect natural cultural heritage, and reduce poverty.
The Government of Lao PDR is actively encouraging trade and investment with its GMS partners. It has worked to enhance cross-border trade, and has been active partner in the development of economic corridors using transport infrastructure to drive trade and investment.
In the area of transport, Lao PDR has developed better highway connections with Cambodia, PRC, Thailand, and Viet Nam. The country is a vital link in several of the subregion’s major economic corridors, including the North-South Economic Corridor, which spans from Kunming to Bangkok via Lao PDR, another North-South Corridor which traverses Kunming, Mohan, Luang Prabang, Vientiane, Thakhek, Phnom Penh and Sihanoukville, and the East-West Corridor, which stretches 1,500 km from Mawlamyine in Myanmar, to Da Nang in Viet Nam, passing through Savannakhet-Dansavanh in Lao PDR. Through these transport corridors, Lao PDR is transforming itself from a landlocked into a land-linked country, using its location at the center of GMS to facilitate trade and investment from other countries in the subregion.
Sustainable development encompasses environment, social, and economic dimensions and a wide range of possible indicators could measure the changes in the degree of protection against danger, damage, or loss.
Greater gains in energy savings are possible from improved energy efficiency and conservation measures, both as a smart business investment, and an imperative for the global community.
Renewable energy is a challenge, but also an opportunity for new industries, employment, and new ways to reduce dependency on fuel imports, provide electricity to poor remote areas, reduce air pollution, and provide a healthier environment.
Investments in renewable energy and energy efficiency generate benefits to society as a whole that cannot be fully reflected in investment returns, leading thereby to underinvestment by the private sector.
The 16th Meeting of the Regional Power Trade Coordination Committee (RPTCC-16) was held to (i) open and commence the evaluation of the bids for the venue for the headquarters of the Regional Power Coordination Center (RPCC) which will serve as a permanent institution to enhance regional power trade and implement regional power interconnection in the GMS; (ii) provide updates on the Greater Mekong Subregion (GMS) countries’ power development plans focusing on cross-border projects;
The 17th Meeting of the Regional Power Trade Coordination Committee (RPTCC-17) was held to (i) discuss the progress on the bids for the venue for the headquarters of the Regional Power Coordination Center (RPCC) which will serve as a permanent institution to enhance regional power trade and implement regional power interconnection in the GMS; (ii) provide updates on the Greater Mekong Subregion (GMS) countries’ power development plans focusing on cross-border projects; (iii) discuss the assistance of development partners to support RPTCC activities; (iv) consider the draft report on the GMS
MANILA, PHILIPPINES (21 August 2014) – The Asian Development Bank is supporting a 290-megawatt hydropower project in the Lao People’s Democratic Republic under a public-private partnership arrangement.
The RPTCC-15 Meeting was held to: (1) give updates on the Greater Mekong Subregion (GMS) countries’ latest power development plans; (ii) discuss the establishment of the Regional Power Coordination Center (RPCC) headquarters and refine its articles of association; (iii) review the Minister-endorsed Regional Investment Framework (RIF) energy sector pipeline and prepare for its implementation; (iii) review the final report of the strategic environmental assessment (SEA) for GMS regional power development; and, (iv) discuss continuing assistance from development partners to promote GMS power t
This document summarizes discussions at the 14th Meeting of the Regional Power Trade Coordination Committee in Kunming in the People’s Republic of China on 18–19 June 2013.
This report includes analyses of national plans at sector levels, and regional investment priorities that were preliminarily identified in the energy sector.