Legal Measures to Promote and Administer Foreign Direct Investment in Lao PDR: The Case of Business in General

Abstract

This  paper is mainly focusing on the legal measures to promote and administer foreign direct investment in Lao People’s Democratic Republic (Lao PDR or Laos). The case of investment in business in general, it bases on the compulsory laws and regulations to implement the states for promotion and administer the foreign investors to invest in Laos.

The main goal of the Lao PDR as expected to improve economic position to taking necessary steps to graduate from Least Developed Country status by 2026 and become a industrialized and earn moderately country by 2030. This study is to examine and appraise the measure of foreign investment promotion and administration in Laos, the principle of foreign investment in Laos. There are domestic laws, international laws that relevant to the foreign investment which is a reason of study and defining of measure of promotion and administration of foreign investment in Laos. There are very important factors to achieve the goal, also achieve the aim of the Lao laws on the investment promotion to promote foreign investment flows to Laos’s socio-economic development.

The promotion and administer foreign investment in business in general specified the provision implements and enforced by the Law on Investment Promotion Law 2016, Besides that, Laos has the decree on the implementation of the investment promotion law in order to make investors invest in the country. Moreover, Lao PDR has the economic cooperation by signing the bilateral and multilateral with many countries all around the world. These laws and regulation are the principles and measure to protect the investment of the government and investors.

The results of this journal would provide a greater understanding of the factors that influence foreign investment and the factors that may determine the future trends in such investment. The study also assesses the effects of investment laws and regulations on foreign investment flows in Laos.

Keywords: Lao Foreign investment, international investment law,  investment regulation,  investment treaties, investment protection

DOI: 10.7176/JLPG/143-05

Publication date: October 30^th 2024