It is not a good idea to allow foreigners to buy property such as land in Laos because Lao people can't compete with them (foreigners) as the majority of Lao population are poor. Allowing foreigners to hire the land is enough. If foreigners can buy the land, then it is quite likely that the land will belong to foreigners. If they can buy the land, it means they have the right to use the land. In other words, Lao people can be asked to leave their places any time if the foreigners have money to purchase that land. It is like selling the country. Of course, it can attract more investors but it is not proud if all the land belongs to foreigners. If the price of the land increase, then only foreigners can buy and own the land. Because most Lao people are poor, it is possible for poor Lao people especially new generation to have their own land. Then what will happen is that Lao people who can't afford to buy the land have to hire the land from rich foreigners who buy Lao land. This is delicious too see that poor Lao people have to pay money to foreigner to use the land in Laos.
So for those who are the children of Lao leaders, please tell your mum and dad not to approve the new legislation that allowing foreigners to buy the land.
This below is the news fro Vientiane Time newspaper:
Foreign investors to have land purchase rights
Foreigners who invest more than 2.5 billion kip (nearly US$300,000) in Laos will have the right to purchase land in Laos if a new investment promotion law is approved.
National Assembly members are now debating the law. Policy makers believe they can convince legislators to approve the bill and say the move would encourage investors to boost economic growth in Laos .
According to Article 59 of the New Investment Promotion Law, the government will allow foreigners who invest the specified amount to purchase and own land use rights for the building of a home, the same as Lao citizens.
The move will result in the amendment of the Law on Land, which allows only Lao citizens to own land use rights while foreigners only have the right to hold land concessions and leases, according to officials.
Lao and foreign investors will also benefit from a number of investment incentives if the assembly approves the law.
The law, which is now under debate at the assembly, outlines benefits such as tax exemptions and the right to access investment information.
According to Article 52, Lao and foreign investors will be e ligible for different rates of tax exemption depending on whether their investment is in agriculture, industrial processing or the service industry, and whether the business is in an urban or rural area.
In remote areas where there is no infrastructure, investors will receive the highest tax exemptions, as follows:
In the agriculture sector, investors will be given profit tax exemption for a period of 10 years while those who invest in the industrial sector will have exemption for six years. Investors in the service sector will have four years' profit tax exemption.
In areas where basic infrastructure exists, investors in agriculture will benefit from eight years' profit tax exemption, investors in the industrial sector will be exempt for four years, and those who invest in the service sector will have two years' exemption.
In urban areas with full infrastructure, agricultural investors will be exempt from profit tax for six years, in the industrial sector for two years, and in the services sector for one year.
According to Article 52 of the law, tax exemption will be effective from the date when the investor first starts to make a profit, especially for those owning industrial tree plantations and manufacturing goods.
Another investment incentive is that the government will allow Lao and foreign investors to access investment capital from financial institutions both within and outside Laos .
Investors in the construction and operation of hospitals, formal schools and vocational schools will receive different levels of investment incentives depending on location, as follows:
In a remote area without infrastructure, an investor in public utilities will receive a land concession fee exemption for a period of 15 years. Those investing in an area where there is limited infrastructure will receive an exemption for 10 years, while those who invest in an area where there is basic infrastructure will receive a three year land concession fee exemption.
Investors in public utilities will receive a higher rate of profit tax exemption than investors in agriculture, industry or the service sector.
The new investment promotion law is a merger of the two existing laws on domestic and foreign investment.
By Ekaphone Phouthonesy (Latest Update July 03, 2009)
not for private companies too.... how can you accept lao land to belong to foreign companies? if they do that, in a few years, no lao people will be able to live in Vientiane or in the subburbs of VT... the only solution for lao people will be to escape in the middle of countryside.
The current law is a real problem for me, because i cannot buy land with my own name (i'm french), but the purpose is not my personal benefits. I think this law (a foreigner cannot buy land) is important for laos as long as Laos is not a "rich" country.
It would be a great mistake to change it..... a short term view without considering the real needs of lao people
sush law will just boost speculation! the effect will be a real drama for lao people, for sure! You don't imagine how private company can care only about it's own benefits by speculating! many companies are specialists of such busniess and they have tremendous amout of money to invest.... this mean tremendous effects for all lao people who won't be able to follow the rising prices!
-- Edited by paris_vientiane on Friday 3rd of July 2009 04:35:32 PM
First of all the Article did not mention about How many percentages of (LAND and BUSINES) That they the foreigners can own and operate in Laos. Secondly, if the law allow only $300.000 investments and do as they the foreigners please then there will be consequences, and I knew that (They the PDR's governments) not that stupid to allow that happen) If they do!! Oh man!! I don't even want to think about it. Let' look at our closest relatives here, Thailand for exsample. Phuket, Phattaya, and some others important reserved lands that they given up to the foreigners and they do as they pleased. Ok! Ok!! Don't get me wrong here. i'm not here to anti-foreigners who like to go in and invest in our belove country, and I just want to put my point acrossed that (Do it right first time) so that they the (elderly's PDR's governments don't leave a messs to our new generations to clean-up) ya'll know what I mean right!! Set a limit to what they can own or what they can put their hand on and otherwise!!!!!
You must to think....what the better way to do? You think our rich natural resources will last long? What do you think small country like Lao which no connection to the sea. You don't like Thailand, you hate Vietnam and you scare of China and you gonna trade with who?
You think that Toyota is coming to build a big factory in Lao?
What products we have? What we can sell and how to sell our products to the world?
Look at the UAE. There is only 11% of population inthe country. 89% is foreigners which more than 82 nationalities working and living there. They have only sand and sand. Forget about oil...soon will be finished. The foreign investment is the most important to pull the poor country up to a better level. (But UAE has sea though while Lao, does not)
You know...In Phuket or in Pattaya...yeah you right! Most of the pubs bars and the hotels are own by foreigners. But you don't think that it help to creating jobs for many life to have a better life.
You think that you afraid foreigner invester will take over our country then...no need to trade with anyone. Just live and happy in what we have today but if you look into the reality is not works while othe country has growing up but Lao has stop and freez itself.
You prefer like that?
I don't think the government is stupid to allow the foreign investment own our land for 100%. It maybe 60%-40%
woo...I'm just tired with some Lao people who love nation too must till didn't care much things around or look into the real world
i support this law, because the foreinger who own the land can't take back to their country, this law is aim to attract the foreign investment strategy of Lao PDR.
If it is the case soon Lao people will have no land in our country . Laos is still Laos country but most of the land will be owned by Chinese and the foreigners who have money and all people will sell their land because of good price and 50 years from now Lao people don't have land to live and have to pay rent to live in our own land. Well, the communist pary will do whatever they please any way regardless of the majority of Lao people like it or not so no need to discuss.
how about lao people lived in the third country,and their parent lived in lao can he or she has the right to own the land if something happen to their parent.
Brothers/sisters, You're not only missed my pionts you also ignored What'll happen to Laos in the future, I've already said in my comments that I wasn't anti-any foreigners. any country want to come in to do business or Invest in Laos are wellcome!! Did i mention that in my comment.Did you read that!! Oh another thing you've said"Lao has no connection to the sea'' Please stop complaining or winding about our Lao's country has no connection to the Sea, What about a Roads, I mean really really a gooooooood Roads. to mee If the empire was to be one country, nothing was more neccessary than to have a very good Roads,for the Roads in the country are very like the Arteries in your body that carry the blood from heart to every fingertip.. and other thing you were mention'' Lao's government would not allow the foreign to own the Land 100% But 60% to 40% '' ha.ha.. so that mean 60% land beolng to the foreigners and 40% lands belong to Lao's people that's what you mean by 60% to 40%!!! you really scarely me now Brothers/Sisters..you also said that I don't like our neighbors. when did i say that or what article tha i said that to???? Can you post it here??? prove it ?? Oh about the UAE's thing. I can give you 2 symbols best capture modern life in the United Arab Emirates: the ( OIL WELL AND THE CONSTRUCTION CRANE) The coming of the OIL moneyin the 60 changed every thing, the country now holds the region's, and aruably the world's, most ultrmodern metropolis, you don't tell me that not because of oil money..
You must to think....what the better way to do? You think our rich natural resources will last long? What do you think small country like Lao which no connection to the sea. You don't like Thailand, you hate Vietnam and you scare of China and you gonna trade with who?
You think that Toyota is coming to build a big factory in Lao?
What products we have? What we can sell and how to sell our products to the world?
Look at the UAE. There is only 11% of population inthe country. 89% is foreigners which more than 82 nationalities working and living there. They have only sand and sand. Forget about oil...soon will be finished. The foreign investment is the most important to pull the poor country up to a better level. (But UAE has sea though while Lao, does not)
You know...In Phuket or in Pattaya...yeah you right! Most of the pubs bars and the hotels are own by foreigners. But you don't think that it help to creating jobs for many life to have a better life.
You think that you afraid foreigner invester will take over our country then...no need to trade with anyone. Just live and happy in what we have today but if you look into the reality is not works while othe country has growing up but Lao has stop and freez itself.
You prefer like that?
I don't think the government is stupid to allow the foreign investment own our land for 100%. It maybe 60%-40%
woo...I'm just tired with some Lao people who love nation too must till didn't care much things around or look into the real world
Hey brother! We understand UAE especially Dubai very well. My house mate is from Dubai. Yes we know Dubail (UAE) is booming because big capital inflow going to the country especially foreign investors. We want to be booming like that but we don't need to follow all the things they flow. Lending the land to foreigners is enough.
Again, we want to be economic booming like UAE or Dubai but we don't want too many foreigners like Dubai to overtake all the assets of the country.
Yes, if we do that, we are hundred percent booming like Dubai but we are scarely that more foreigners overtaking our assets than local people. That is the main point. This is not to create conflict among people but to tell people who are leaders of laos to thibk about it before approving this new legislation.
The outcome in Dubai (UAE) and Singapore clearly shows that the country will be booming but most foreigners will overtake local assets rather than local people themselves.
ANY ONE WHO ARE SONS OR DAUTHERS OF LAO LEADERS SHOULD INFLUNCE YOUR MOM AND DAD NOT TO APPROVE THIS NEW LAGISLATION.
If we want to attract more foreign investors, firstly we have to allow people to have two citizen first. This means foreigners can have Lao citizens and their citizen at the same time. Then, we can allow them to buy the land. This is quite fair because at leat they become Lao.
However, it is better to allow this opportunity to western people or Lao people who left the country in the past rather than others because we can get new idea from them to develop the country. As we know, western people are really smart. If we live with western people, Lao people can learn a lot from them and most importantly, they are quite honest and functual.
If we want to attract more foreign investors, firstly we have to allow people to have two citizen first. This means foreigners can have Lao citizens and their citizen at the same time. Then, we can allow them to buy the land. This is quite fair because at leat they become Lao.
However, it is better to allow this opportunity to western people or Lao people who left the country in the past rather than others because we can get new idea from them to develop the country. As we know, western people are really smart. If we live with western people, Lao people can learn a lot from them and most importantly, they are quite honest and functual.
You must be out of your my to come up with this kind of idea. Even United State of America the land of free dom does not let people to have to citizen ships they must of have good reason not to go this rout. What's wrong to let foreign investor rent land only?
i support this law, because the foreinger who own the land can't take back to their country, this law is aim to attract the foreign investment strategy of Lao PDR.
Even though they can't take the land back home with them when they leave Laos that does not mean that Lao residents can use that land until its owner comes back. What do you think?
i support this law, because the foreinger who own the land can't take back to their country, this law is aim to attract the foreign investment strategy of Lao PDR.
Even though they can't take the land back home with them when they leave Laos that does not mean that Lao residents can use that land until its owner comes back. What do you think?
To those who support this law you're consider a bloody money face you're whipping your own country off the map you don't need your enemy to that. Looks like this going to be another era of Lao people get kick out from their own land do their greedy government.
i support this law, because the foreinger who own the land can't take back to their country, this law is aim to attract the foreign investment strategy of Lao PDR.
Even though they can't take the land back home with them when they leave Laos that does not mean that Lao residents can use that land until its owner comes back. What do you think?
To those who support this law you're consider a bloody money face you're whipping your own country off the map you don't need your enemy to that. Looks like this going to be another era of Lao people get kick out from their own land do their greedy government.
Foreigner buy land or property ---investment some business- employ the local and provide job for locals---locals increase their incomes-the lao economic is better.
i think it's good law to attract investors and it's suitable for Laos economic at the moment, plus the suitable for economic crisis situation at the present as well. but as you know the crisis affects all the globe, even thought laos is issue this law soon and more open that before for investments, there woundt be much investors come to laos to buy land or properties due to the crisis. don't be pessimism ok.
To all Lao representative vote No for this law. If not in the next 20-30 years your Generations will be the slave of foreigners. don't worry about Lao nork they will come and stay in Laos for about 6months/year. no one would give up their foreign citizen bcos. the benefits that their have from their retirement.
i support this law, because the foreinger who own the land can't take back to their country, this law is aim to attract the foreign investment strategy of Lao PDR.
Even though they can't take the land back home with them when they leave Laos that does not mean that Lao residents can use that land until its owner comes back. What do you think?
To those who support this law you're consider a bloody money face you're whipping your own country off the map you don't need your enemy to that. Looks like this going to be another era of Lao people get kick out from their own land do their greedy government.
Foreigner buy land or property ---investment some business- employ the local and provide job for locals---locals increase their incomes-the lao economic is better.
i think it's good law to attract investors and it's suitable for Laos economic at the moment, plus the suitable for economic crisis situation at the present as well. but as you know the crisis affects all the globe, even thought laos is issue this law soon and more open that before for investments, there woundt be much investors come to laos to buy land or properties due to the crisis. don't be pessimism ok.
You said that after foreign investor bought land in Lao which in return Lao people will have jobs honestly I believed you're blind don't you see all the Chinese, Vietnamese,Thai and etc....moved to Lao?. Do you think they're there because is their longing dream to become Laotians? think again is more like waiting to be employed by a what we call foreign investor which majority of them are from China, Vietnam, and Thailand so where do you see Lao people benefit from this. Not only that I don't think all the money from all these businesses is gonna stay in Lao to help Lao economy grow. A lot of people new pretty much why the government is selling Lands left and right is because they're desperate to get rich fast at any cost they don't seemed to care that's why they let outsider come in and use our land to make money only to send back to their homeland. Where do you see that the government is thinking about their citizens? Is more like each individual pockets in their party. Please examine your thought carefully before you decide if you want to live in your home land until the day you die. For me I still have land to live because I'm not Laos citizen.
do you think people will spend their money to rent the land. If they buy it. and just tax on thier property. that how you earn money for the country. I want to buy a land and build house but I can not do it. unless is in my name. you know lao people is poor.
do you think people will spend their money to rent the land. If they buy it. and just tax on thier property. that how you earn money for the country. I want to buy a land and build house but I can not do it. unless is in my name. you know lao people is poor.
Wait a minute Mr.? didn't I just said that Laos land is for rent if you're foreigner. I know very well that majority Lao born can not afford to rent land there, and they shouldn't have to rent their own land either .Now lets talk about earning money, don't you think is good to have land available and collect rent and property tax with worrying you're not gonna land to live years from now. Especial the land there is not as expensive compare to other county. I don't think foreigner mind to rent it cuz they know is a small prize to pay rather than do the business in their own country and some of them don't even have land to rent/buy over there.
i support this law, because the foreinger who own the land can't take back to their country, this law is aim to attract the foreign investment strategy of Lao PDR.
Even though they can't take the land back home with them when they leave Laos that does not mean that Lao residents can use that land until its owner comes back. What do you think?
To those who support this law you're consider a bloody money face you're whipping your own country off the map you don't need your enemy to that. Looks like this going to be another era of Lao people get kick out from their own land do their greedy government.
Foreigner buy land or property ---investment some business- employ the local and provide job for locals---locals increase their incomes-the lao economic is better.
i think it's good law to attract investors and it's suitable for Laos economic at the moment, plus the suitable for economic crisis situation at the present as well. but as you know the crisis affects all the globe, even thought laos is issue this law soon and more open that before for investments, there woundt be much investors come to laos to buy land or properties due to the crisis. don't be pessimism ok.
You said that after foreign investor bought land in Lao which in return Lao people will have jobs honestly I believed you're blind don't you see all the Chinese, Vietnamese,Thai and etc....moved to Lao?. Do you think they're there because is their longing dream to become Laotians? think again is more like waiting to be employed by a what we call foreign investor which majority of them are from China, Vietnam, and Thailand so where do you see Lao people benefit from this. Not only that I don't think all the money from all these businesses is gonna stay in Lao to help Lao economy grow. A lot of people new pretty much why the government is selling Lands left and right is because they're desperate to get rich fast at any cost they don't seemed to care that's why they let outsider come in and use our land to make money only to send back to their homeland. Where do you see that the government is thinking about their citizens? Is more like each individual pockets in their party. Please examine your thought carefully before you decide if you want to live in your home land until the day you die. For me I still have land to live because I'm not Laos citizen.
did you read regarding the article? the lao government is allowed to foreigner purchase the land when the foreigner whom invest 300,000 USD and get an official license from the government office, that means for those who invest the business in Laos. so those business will provide job to the locals or you will deny? the government is not too stupid to allow any foreiners to buy the land and properties without any plans. however, the Lao people has right to keep their land and dont sell it at the moment if they are smart enought.
Such as stupid idea to allow foreigners to buy land that can be put under their name. even in many countries foreigners can not buy land unless they marry a local individual. Investors have sufficient money (thats why they can afford to invest in the first place), and I tell you they also have the sweetest tongue. Meaning they are so good in PR and will use their skills to encourage local people to sell their land to them, often at price that will seem reasonable for "poor" lao. I say this because poor people seldom handle huge amount of money, and what ever is 10 or 50 times more than what they could earn for a whole year is very very attractive. But for the businessman and investors, that's only a piece of cake compared to what they will earn from owning the land and given the right to use it for , God kknows, what ever business they want....which could include prostitution house, "low profile" illegal drug factory, etc. Yes the chance of having investors with good and bad intention is 50-50 and no one knows whats on their mind or the kind of business they would put up. COnsidering that we all know that those in the position in the government that grant business permit can be corrupted. in other countries some businessman will apply permit for example to operate an internet cafe, but at night the place is turned into a prostitution den. and the owner is not "caught" simply because the police and the authorities are getting a portion of the income. What more if government will give them full right on the land.
Someone here is saying that this is good idea because it will generate jobs and income for laotians.. but what kind of job? how much will laotions get paid for whatever job is offered? is it going to be permanent? are you sure that they will give priority to lao considering that many laos ability to communicate is limited? Im sure the businessmen are going to put up business not looking as local lao as the target market. Why? simply because majority of ordinary lao will make second thought to spend "precious" money for leisure. Most lao families would rather prioritize spending money on basic necessities like food and hopefully education for their children. So given this argument, most likely investors would hire some locals for low rank jobs but would still prefer to hire well educated and experieced foreigners to run the business and hold key managerial and supervisory positions. I tell you it will only make lao stagnate to their low level. yes with job but with little opportunity to have a real career.
The government do not have to go far by allowing foreigners to buy full right on Lao land. I urge them to think a little deeper and look a little further. There are many ways to encourage investors, sometimes a facilitative policies and laws and processes that will make them feel welcome, by not going too much red tape or under the table discussions would help. Investing and puttine up business should be always in partnership with Lao so that lao will have some control and will be involve and learn managing business in the process.
if this law is enacted, sooner lao will become squatters in their own country, they will be pushed back further into the moutains or forest where source of food and income is relative scarce. only the rich and can afford will have their own land. and who can tell when the foreigners will stop buying... lao is a very beautiful country. as long as there is good land to buy and officials continue to embrace corruption.... future for ordinary and poor lao is not promising. well they can get a chance to have better income... through easy money.
consider this law + corruption = ????? come to think of it?
i support this law, because the foreinger who own the land can't take back to their country, this law is aim to attract the foreign investment strategy of Lao PDR.
Even though they can't take the land back home with them when they leave Laos that does not mean that Lao residents can use that land until its owner comes back. What do you think?
For those of you who supported the law for Lao government to sell Lao land to foreign investor , you must be one of the official that's corrupted you're blinded by your greed you should one day go to a remote area and take a good look at those poor family& their children they hardly have roof over their head and food to eat do they need to suffer much more than this?
They will seel every things not only land but the whole country and nation for money specailly by the communist corrupted government officials. The more people buy the riches they are going to be . So they will do what every they please so save your breath ,they will never listen to you and the whole Lao people of the whole country. Only some group of people who made the decision what is going to be the best for their party and their families.
Soon Lao government will sell Lao land for Chinese for toxic waste and nuclear dumb . In exchange for Chinese to build surper hight way for Laos from north to south.
Soon every Chinese who are living in Laos will have at least 2 or 3 Lao maids in their homes with cheap labor. Perhalf every Chinese own one Lao people in Laos.
By the logic and international law on properties. There are no specific law of prohibited on such subject. The properties of an individual are subject to his owner on what to do. To avoice all the property in one country ship to foreigners. the Laos gervernment need to teach Lao people to lease and not to sell. The lease will benefic Lao people more than sell. One Lao family may well live on the income of leasing on his property than sell to have a some of money. The Lao goverment can't not prohibited its population not to sell his properties to anyone. But the Lao government may influent its population to lease his properties to evryone. The lease will became a rigular income to the family versa to sell and all the money will go to the casino or a missavandture of investsement. The Lao government need to look deep in the USA or France or in the most western countries' law land and learn how to manage the land of Laos. Remember the transaction of the properties of an individual is a national and international free trade between its people and others people. The Lao government need to invest more in its national education system to the international's level instead of corruption and military if Laos don't want to lose its land to foreigner. U know Bill Gate or Donal Trump can buy all the land in Laos if they want and no one can't stop them. Or even Thaksin can do so. Other exemple, Hong Kong was leased to the UK for 100 years. Laos may do the same If Lao people are not too .....
I DON'T CARE WHAT DA HEK'S GOING ON AND WHAT THEY ARE DOING ....IS NOT MY COUNTRY ANYMORE....IT WILL BE TOOK OVER FROM SOMEONE IN THE FUTURE.....WHY YOU CARE ABOUT????? DUDE....
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