As the opening of a rail link with China nears, promising new possibilities for economic development are emerging.
Raising competitiveness and strengthening the links between agriculture and tourism will contribute to post-Covid 19 recovery and inclusive growth in Laos, according to a report by the Asian Development Bank unveiled last week.
Thailand’s CK Power Plc (CKP), a power generation arm of CH Karnchang Plc, is going ahead with its feasibility study to build a hydroelectric power plant near Luang Prabang on the Mekong River in northern Laos. The study will be conducted alongside negotiations over a power tariff rate with the state-run Electricity Generating Authority of Thailand, which will be a power buyer.
The move to import renewable energy is crucial in helping Singapore meet its climate goals. Currently, more than 95 per cent of energy in the Republic is generated from burning natural gas, a fossil fuel that releases planet-warming carbon dioxide when burned.
A Chinese firm’s plans to build a 100-meter-high Buddha statue in low-lying Vientiane encapsulate China’s outsized economic presence in Laos. It is to be featured in the 365-hectare Chinese-built SEZ, in which it is planning to build residential buildings, hotels, offices, restaurants, public parks, and other facilities.
In the CEA we examine the environmental challenges most closely linked with poverty reduction and shared prosperity in Laos. It shows that pollution is a major public health risk, responsible for one in five deaths, and slows economic growth. Air pollution, both outdoors and inside the 93% of households that rely on solid fuels for cooking.
According to Gao Yan, chairperson of the China Council for the Promotion of International Trade, in 2020, Chinese enterprises invested $1.24 billion directly into Laos, despite the COVID-19 pandemic, up 8.9% year on year.
Along the Mekong River which winds through the mountains in northern and central Laos, the poverty alleviation projects with China aid are solidly advanced there with innovation made.
The program is aiming to accelerate the electric vehicle adoption among LOCA taxi and delivery drivers to drive down the cost and create a long-term environmental impact. The two companies are aiming to use this initiative to show the policymaker and the consumers that the EV is most suitable for the Lao market as the country’s vision is to be the battery of Southeast Asia.