The Investment Profile for the Wood Processing sector has been produced under the scope of work of the ASEAN Regional Integration Support – Lao PDR’s Trade Related Assistance Project” (ARISE Plus Lao PDR).
Lao People’s Democratic Republic (Lao PDR) is a growing economy, averaging 8% per annum in GDP growth from 2005 to 2019. The Government of Lao PDR has been working towards developing a well-regulated and liberalized pro-business environment, diversification of the economy, and is strongly committed to becoming an important transport “land link” between China and Southeast Asia (a number of infrastructure megaprojects to better connect the country are currently underway).
Lao PDR is well endowed with natural and planted forest assets, which provide ample opportunities to develop its wood processing sector. Further, timber species produced in Lao PDR are considered highly valuable in international markets, such as teak and rosewood. The country’s proximity to major markets is an additional advantage for exports of wood processing goods.
To access the full document, please click here: Investment Profile: Wood Processing Sector in Lao PDR