The Lao goverment targets annual economic growth of 4% in its five-year socio-economic plan to 2025. (Photo by Dusida Worrachaddejchai)
The communist government of the Southeast Asian country of Laos is targeting annual economic growth of 4% in its five-year socio-economic plan to 2025, which aims to maintain growth and improve infrastructure.
The plan, outlined by Prime Minister Thongloun Sisoulith at the 11th Party Congress on Wednesday, aims to reach annual average per capita income of $2,887 in 2025, the state-run Vientiane Times reported.
The country’s per capita income is currently just over $2,500, according to World Bank data.
The government also planned to encourage domestic and foreign investors to carry out large-scale projects, while the inflation rate would be kept at a maximum 6%, it…
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