The Laotian government has announced a long list of new regulations which prioritises investing in healthcare and education.

The new regulations offer five year tax exemptions and tax free land leases for 15 years, if the land is owned by the State, for investors who are interested in building hospital.

Laos ’ government has encouraged private investors, both at home and abroad, to build private hospitals in an effort to improve and modernise the country’s healthcare services.

Under the regulations issued by Laos ’ Ministry of Health, private hospitals should have at least 50 beds and high-quality services.

Developing human resources is another key target for the sector as graduates from Laos University of Medicine will be sent to work in local medical centres for two years before moving to areas of health they want to specialise in.

The new regulations aim to address the shortage of fully trained doctors and nurses in rural medical centres as well as workforce redundancy in urban hospitals.

A number of Asian and European investors have shown a lot of interest in this sector as they have opened up several private hospitals in the northern Laos provinces of Oudomsay and Bokeo.

An overseas Vietnamese investor called Bien Thi Ky has been building a 120 bed maternity and children’s hospital in Vientiane , which is scheduled to be in operation by 2012./.