Laos banking on higher domestic investment

The Lao government expects domestic and foreign private investment to climb to 23,086 billion kip ($2.72 million) in 2019, accounting for 52.06 percent of total investment or 13.95 percent of GDP, local media reported. Under the socio-economic development plan for 2019, the Lao government expects GDP to grow at 6.5 percent this year.