Laos is attracting investments from many countries worldwide since becoming a member of the Association of South East Asian Nations, said Deputy Prime Minister and Foreign Minister on Wednesday. Speaking at the opening of the 2nd National Steering Committee for Economic Integration meeting yesterday in Vientiane, Dr Thongloun Sisoulith said “We have good policies aimed at attracting foreign investment and domestic development.” Laos is one of the biggest tourism attractions worldwide and presents excellent profit opportunities for investors. Dr Thongloun said that how the country to catch up the opportunities provided by foreign investment to link its economy with other economically successful countries. Yesterday's meeting was aimed at gathering ideas, identifying problems and weak points and designating responsibilities on economic management to concerned government sectors. “The information collated from this meeting will be discussed and reported to the government,” Dr Thongloun said. Minister of Industry and Commerce Dr Nam Vinhaket, noted that Laos still has some problems that need to be solved, such as some ministries having very wide-ranging responsibilities, leading to a lack of expertise in specific fields. Many ministries also suffer from a lack of qualified employees. Another problem is that some Lao products are of low quality and production tends to be seasonal. The slow release of new information affecting the economy and the lack of coordination between sectors are also of concern. By Phonsavanh Vongsay (Latest Update March 27, 2008)
Minister of Industry and Commerce Dr Nam Vinhaket, noted that Laos still has some problems that need to be solved, such as some ministries having very wide-ranging responsibilities, leading to a lack of expertise in specific fields. Many ministries also suffer from a lack of qualified employees. Another problem is that some Lao products are of low quality and production tends to be seasonal. The slow release of new information affecting the economy and the lack of coordination between sectors are also of concern.
Some of us think that Lao government cannot be criticized. Rather, Lao government respects and values the constructive criticism, believing that no one on earth would be perfect and so clever.
