Trends in Laos

The Lao government is confident that the target of 7.5 percent economic growth this year would be achieved as business activitiesin Laos continue performing in a positive manner, said Leeber Leebouapao from the National Economic Institute of Laos.

The government initially set a target of 8 percent economic growth for the 2008-09 fiscal year. Then, the government adjusted the target to 7.5 percent as a result of the global economic recession, said Leeber.