Illustrative image (Source: Internet) Vientiane (VNA) - The Lao Ministry of Industry and Commerceexpects the country’s exports to continue growing next year despite thechallenges faced in achieving this year's target.
Local daily Vientiane Times quoted a report submitted by the ministry to theNational Assembly as saying the Lao government anticipates that next year'sexport turnover will reach 5.5 billion USD,
Thenew export target was set despite a November report by the Ministry of Planningand Investment showed that Laos was able to achieve only 78 percent of this year'starget.
The Lao government projected that the export value would reach 5 billion USD in2018, but over the first nine months of this year, goods worth only 3.9 billionUSD were shipped abroad, the report said. It is still unclear whether the countrywill achieve this year's export target.
The government has lowered the GDP growth forecast after the country was hit bywidespread flooding, which affected productivity.
According to another government report submitted to the National Assembly, theconstruction and operation of 12 hydropower plants will be completed in 2019. Alarge proportion of the power generated by these plants will be exported.-VNA
Local daily Vientiane Times quoted a report submitted by the ministry to theNational Assembly as saying the Lao government anticipates that next year'sexport turnover will reach 5.5 billion USD,
Thenew export target was set despite a November report by the Ministry of Planningand Investment showed that Laos was able to achieve only 78 percent of this year'starget.
The Lao government projected that the export value would reach 5 billion USD in2018, but over the first nine months of this year, goods worth only 3.9 billionUSD were shipped abroad, the report said. It is still unclear whether the countrywill achieve this year's export target.
The government has lowered the GDP growth forecast after the country was hit bywidespread flooding, which affected productivity.
According to another government report submitted to the National Assembly, theconstruction and operation of 12 hydropower plants will be completed in 2019. Alarge proportion of the power generated by these plants will be exported.-VNA
VNA
