June 2005
Asia Monitor: South East Asia Monitor Volume 1;Jun2005, Vol. 16 Issue 6, p7
Country Report
Country Report
The article presents a political and economic profile of Laos as of June 2005. Laos's deputy Prime Minister, Asang Laoly, has reviewed the work of the party and government institutions responsible for tackling corruption. By the government's own admission, more needs to be done if corruption is to be brought under control. Nevertheless, corruption is less of a problem than in neighboring Cambodia and the threat to the ruling Lao People's Revolutionary Party from this source is currently manageable. Real GDP growth was 6.1 percent y-o-y in the first half of fiscal 2004/05, according to the government. This represents an improvement on last year, but is still below the government's target of 6.5-7.0 percent growth. In January, the Australian mining company, Oxiana Resources, completed the expansion of its gold mining operation in Savannakhet province.


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