Laotian PM demands faster business licence approval

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VIENTIANE (Vientiane Times/ANN): Prime Minister Thongloun Sisoulith has asked his cabinet to expedite the approval of investment and business operation licences in line with an executive order he signed recently.

The premier issued the advice at the cabinet’s monthly meeting for January, which ended on Thursday .

Prime Ministerial Order No. 03, signed on Tuesday, was the latest in a series of moves by the government to facilitate business operations in an attempt to boost investment. Laos is striving to improve the business environment. But despite the government’s continuous and increasing efforts, its global ranking suggests that Laos is deteriorating in this regard.

The ease-of-doing-business ranking issued by the World Bank suggests that Laos dropped by 13 places in 2019 to 154th among 190 economies worldwide. Thongloun underlined the need to improve the quality of education, which will ensure qualified human resources – one of the keys to attracting investment and spurring socio-economic development. - Vientiane Times/Asia News Network

 

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