Laos eyes US$2.1 billion exports next fiscal year
The government expects a major surge in the export value of Lao goods next fiscal year as a number of hydropower projects are scheduled to be completed and come on line later this year and early next year.
According to a report from the Ministry of Planning and Investment to the National Assembly conference this month, the government projects that the export value of Lao goods will reach US$2.1 billion in the 2013/2014 fiscal year, which begins on October 1.
The value of Laos' total exports reached US$880 million in the first half of 2012/2013 fiscal year and the government expects that the exports for the entire fiscal year will reach US$1.8 billion.