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Lao capital city targets 11 percent growth in 2017

Authorities of Vientiane, the capital city of Laos, have targeted its economic growth of 11 percent and gross domestic product (GDP) of 41.6 trillion LAK (nearly 5.1 billion USD) in 2017.
Hanoi (VNA) – Authorities of Vientiane, the capital city of Laos, havetargeted its economic growth of 11 percent and gross domestic product (GDP) of 41.6trillion LAK (nearly 5.1 billion USD) in 2017. 

Accordingly, the city’s agriculture and forestry is expected grow by 7 percent,while industry is projected to rise 16 percent and service up 11 percent.

The Department of Planning and Investment estimates that income per capita ofVientiane’s people will be 5,000 USD.

To realise the target, Vientiane will have to invest 14.9 trillion LAK (over108 billion USD) in socio-economic development, of which state budget is 103billion LAK (over 12.6 million USD).
Last year, Vientiane’seconomy grew by 10.92 percent and GDP reached 37.4 trillion LAK (about 4.58billion USD), with income per capita hitting 4,784 USD.-VNA

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