Lao Geography, Economy, and Politics

A French colony until 1953, the Lao People’s Democratic Republic is a landlocked country in southeast Asia bordered by Myanmar and China to the northwest, Vietnam to the east, Cambodia to the southeast, and Thailand to the west and southwest.

The economy depends heavily on investment and trade with Thailand, Vietnam, and China. Although rich in mineral resources, the majority of Lao’s economy and employment still depends on subsistence agriculture. The tourism industry is also growing rapidly and is expected to contribute a much larger share to the national economy.

In Laos, the politically and culturally dominant Lao people make up the majority of the population and reside mostly in the lowlands. The other ethnic groups represented, who reside mostly in the foothills and mountains are the Mon-Khmer groups, the Hmong, and other indigenous hill tribes.

2021
April 14Lao New Year Holiday
April 15Lao New Year Holiday
April 16Lao New Year Holiday
May 1Labor Day / May Day
July 20Lao Women Union’s Day
July 24Khao Pansa
October 20Bouk Ok Pansa
October 21Boat Racing Festival
November 26That Luang Festival
December 2National Day
  • Limited Liability
  • Corporation
  • Partnership
  • Corporate Tax: N/A
  • Income Tax (Lowest Marginal Rate): N/A
  • Income Tax (Highest Marginal Rate): N/A
  • VAT/GST/Sales Tax: N/A
  • Bank of the Lao P.D.R.
  • Banque pour le Commerce Exterieur Lao (BCEL)
  • Lao Development Bank
  • Indochina Bank
  • Joint Development Bank
  • Phongsavanh Bank
  • ST Bank
  • Lao-Viet Bank
  • Maruhan Japan Bank Lao
  • Agriculture Promotion Bank
  • BIC Bank
  • ACLEDA BANK
  • ANZ Laos
  • Krung Thai Bank
  • Public Bank

Aadmi can support you with your expansion to Laos. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns.  Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.

Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.

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