Publication:
Sustaining Robust Growth, Mitigating Risks and Deepening Reforms : Lao PDR Economic Monitor, May 2012

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dc.contributor.authorWorld Bank
dc.date.accessioned2013-06-06T22:12:18Z
dc.date.available2013-06-06T22:12:18Z
dc.date.issued2012-05
dc.description.abstractWith development soaring in construction, manufacturing, mining and services, Lao PDR's economic outlook in 2012 is positive. As the driving force behind the domestic economy, these sectors are anticipated to drive a projected growth of 8.3 percent by year-end. To begin, higher wholesale and trading, tourism as well as transport and telecommunications will impact the service sector this year. A construction boom is also on the horizon supported by the preparation for the 9th Asia-Europe Meeting (ASEM) in Vientiane Capital. With this said, construction will support the manufacturing sector with the additional demand for cement and construction materials. Food and beverages will also expand in response to sustained domestic demand. Additionally, Phu Bia mining company's upgrade of existing copper and new gold and silver projects will generate more output from the mining sector. On the other hand, the power sector will contribute less in comparison to last year, despite the operation of Nam Ngum 5 hydropower project. In the mean time, agricultural output is expected to rebound after the adverse impacts of 2011's floods. Despite this robust growth, the medium-term outlook remains subject to uncertainty in external markets. In 2011, the National Assembly revised and approved the general tax law introducing public finance to a transparent, turnover based presumptive tax regime for businesses with a turnover below the Value-Added Tax (VAT) registration threshold. In effect, this law eliminated minimum business tax. Finally, the implementation of the 'one-stop' service (as stipulated on the enterprise law and the new investment promotion law) commenced in October 2011.en
dc.identifier.doi10.1596/13814
dc.identifier.urihttps://hdl.handle.net/10986/13814
dc.language.isoen_US
dc.publisherWorld Bank, Vientiane
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectaccounting
dc.subjectasset quality
dc.subjectAuction
dc.subjectbalance of payment
dc.subjectBalance of Payments
dc.subjectbank access
dc.subjectbank branches
dc.subjectBank Office
dc.subjectbank supervision
dc.subjectbanking assets
dc.subjectbanking sector
dc.subjectbanking system
dc.subjectBroad money
dc.subjectbudget deficit
dc.subjectbudgeting
dc.subjectcapacity building
dc.subjectcapacity enhancement
dc.subjectCapital account
dc.subjectcapital adequacy
dc.subjectcapital markets
dc.subjectcapital requirements
dc.subjectcash management
dc.subjectcentral Bank
dc.subjectcheck clearing
dc.subjectcollateral requirements
dc.subjectcommercial bank
dc.subjectcommercial banking
dc.subjectCommercial Banks
dc.subjectcommodities
dc.subjectcommodity
dc.subjectcommodity price
dc.subjectCommodity Prices
dc.subjectConsumer goods
dc.subjectConsumer Price Index
dc.subjectcorporate tax rates
dc.subjectCredit Growth
dc.subjectCredit Unions
dc.subjectcreditors
dc.subjectcurrent account deficit
dc.subjectdebt burden
dc.subjectdebt management
dc.subjectDebt service
dc.subjectdeficits
dc.subjectDeposit
dc.subjectdeveloping economies
dc.subjectDevelopment Bank
dc.subjectdirect investments
dc.subjectDomestic credit
dc.subjectdomestic debt
dc.subjectdomestic economy
dc.subjectEconomic Development
dc.subjecteconomic developments
dc.subjectemerging market
dc.subjectequity stakes
dc.subjectexchange rate
dc.subjectexpenditure
dc.subjectexpenditures
dc.subjectexport competitiveness
dc.subjectExporters
dc.subjectexposure
dc.subjectexternal debt
dc.subjectFinance Corporation
dc.subjectfinancial crisis
dc.subjectFinancial Information
dc.subjectfinancial infrastructure
dc.subjectFinancial Institutions
dc.subjectfinancial markets
dc.subjectFinancial Sector
dc.subjectFINANCIAL SECTOR DEVELOPMENT
dc.subjectfinancial stability
dc.subjectfinancial statements
dc.subjectfinancial support
dc.subjectfinancial system
dc.subjectfiscal deficit
dc.subjectFiscal Policy
dc.subjectforeign asset
dc.subjectForeign Assets
dc.subjectforeign bank
dc.subjectforeign currencies
dc.subjectforeign currency
dc.subjectForeign Direct Investment
dc.subjectforeign exchange
dc.subjectforeign exchange markets
dc.subjectforeign exchange reserves
dc.subjectforeign investment
dc.subjectforeign investments
dc.subjectforeign investors
dc.subjectfutures
dc.subjectfutures markets
dc.subjectglobal economy
dc.subjectglobal market
dc.subjectglobal output
dc.subjectgovernment bonds
dc.subjectgovernment expenditures
dc.subjectgovernment policy
dc.subjectGovernment Revenues
dc.subjectgovernment spending
dc.subjectGross Domestic Product
dc.subjectholding
dc.subjecthuman resources
dc.subjectincome
dc.subjectincome tax
dc.subjectinflation
dc.subjectinflationary pressure
dc.subjectInformation System
dc.subjectinfrastructure development
dc.subjectinstitutional capacity
dc.subjectinsurance
dc.subjectinsurance companies
dc.subjectinsurance industry
dc.subjectinsurance market
dc.subjectinsurance penetration
dc.subjectinsurance policies
dc.subjectinsurance premium
dc.subjectIntellectual Property
dc.subjectInternational Development
dc.subjectInternational Finance
dc.subjectinternational market
dc.subjectinternational reserves
dc.subjectinternational standards
dc.subjectinventory
dc.subjectinvestment activities
dc.subjectinvestment climate
dc.subjectinvestment projects
dc.subjectinvestment spending
dc.subjectissuance
dc.subjectlabor market
dc.subjectlegal framework
dc.subjectlenders
dc.subjectlife insurance
dc.subjectlife insurance products
dc.subjectliquidities
dc.subjectliquidity
dc.subjectlocal businesses
dc.subjectlocal economies
dc.subjectlocal government
dc.subjectlocal infrastructure
dc.subjectmacroeconomic policy
dc.subjectmarket capitalization
dc.subjectmarket environment
dc.subjectmarket infrastructure
dc.subjectmarket share
dc.subjectMicro-Finance
dc.subjectMicro-Finance Institutions
dc.subjectmicrofinance
dc.subjectMinimum capital requirements
dc.subjectMonetary Fund
dc.subjectmonetary policy
dc.subjectMoney Laundering
dc.subjectNational Treasury
dc.subjectNon-Performing Loan
dc.subjectNon-performing loans
dc.subjectNPL
dc.subjectOil price
dc.subjectoutput
dc.subjectoutstanding loans
dc.subjectpawnshops
dc.subjectPayment System
dc.subjectportfolio
dc.subjectportfolio investment
dc.subjectprice cap
dc.subjectprice movements
dc.subjectprice volatility
dc.subjectprivate banks
dc.subjectprivate credit
dc.subjectprivate credits
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectprudential regulations
dc.subjectPUBLIC DEBT
dc.subjectpublic debt management
dc.subjectpublic debt stock
dc.subjectPublic Finance
dc.subjectpublic finances
dc.subjectpublic investment
dc.subjectPublic Offering
dc.subjectPublic Offerings
dc.subjectpurchasing power
dc.subjectrapid expansion
dc.subjectrecurrent expenditure
dc.subjectrecurrent expenditures
dc.subjectregulatory framework
dc.subjectremote areas
dc.subjectreserve
dc.subjectreserves
dc.subjectRetail investors
dc.subjectreturns
dc.subjectrevenue assignments
dc.subjectrisk management
dc.subjectrule of law
dc.subjectSecurities
dc.subjectSecurities Exchange
dc.subjectsecurity market
dc.subjectsettlement
dc.subjectsettlement system
dc.subjectsettlement systems
dc.subjectShort-term interest rate
dc.subjectStock Exchange
dc.subjectstock market
dc.subjectStock market index
dc.subjectstock trading
dc.subjectTax
dc.subjecttax regime
dc.subjecttelecommunications
dc.subjectterm deposits
dc.subjectTerrorism
dc.subjectTrade balance
dc.subjecttrade deficit
dc.subjecttrading
dc.subjecttransparency
dc.subjecttreasury
dc.subjectTreasury bill
dc.subjectTreasury bill rate
dc.subjecttrust fund
dc.subjecttrust funds
dc.subjectturnover
dc.subjectValuation
dc.subjectvalue of collateral
dc.subjectWorld Trade
dc.titleSustaining Robust Growth, Mitigating Risks and Deepening Reforms : Lao PDR Economic Monitor, May 2012en
dspace.entity.typePublication
okr.date.disclosure2012-07-18
okr.date.doiregistration2025-05-07T10:02:18.865391Z
okr.doctypeEconomic & Sector Work
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.globalpracticeTrade and Competitiveness
okr.identifier.report69911
okr.language.supporteden
okr.region.administrativeEast Asia and Pacific
okr.region.countryLao People's Democratic Republic
okr.sectorAgriculture, fishing, and forestry
okr.sectorPublic Administration, Law, and Justice
okr.sectorFinance
okr.sectorIndustry and trade
okr.themeEconomic management :: Analysis of economic growth
okr.themeEconomic management :: Macroeconomic management
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicFinance and Financial Sector Development::Banks & Banking Reform
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicPrivate Sector Development::Emerging Markets
okr.topicPublic Sector Development
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