Newly registered enterprises in Laos increased sharply
In 2022, Laos had a total of 18,076 newly registered enterprises, with a total registered capital of about 7.5 billion USD, an increase of 42.94% compared to 2021, statistics of the country’s Ministry of Industry and Trade revealed.
An aerial view of Vientiane, capital city of Laos. (Photo: internet)
Vientiane (VNA)♕ – In 2022, Laos had a total of 18,076newly registered enterprises, with a total registered capital of about 7.5billion USD, an increase of 42.94% compared to 2021, statistics of the country’sMinistry of Industry and Trade revealed.
The positive signals from the business registration situation in2022 have proved Laos's determination in bringing the economy through adifficult period to recover and develop. According to the ministry, the country’s reopening of its doorafter the pandemic has created favourable conditions for international visitorsto enter Laos, which has created a positive impact on the tourismindustry. With the recovery of the economy post COVID-19 pandemic,together with the Lao Government's efforts in prioritising macroeconomicstability and controlling inflation, the confidence of the country's businesseshas gradually bounced back. Besides,the increase in the number of newly registered businesses in 2022 has partlyshown that the macroeconomic management solutions are implemented in the rightdirection, creating confidence and optimism for the people and businesscommunity after two years of COVID-19 outbreak. Currently,the Lao Government, ministries and branches are supporting businesses to grabopportunities to grow, while improving the business investment environment, aswell as issuing timely, transparent and favourable policies, creatingmotivation for businesses in the country./.
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An aerial view of Vientiane, capital city of Laos. (Photo: internet) 
