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    MARKET UPDATE: GROWTH IN LAOS CONSTRUCTION SECTOR TO REMAIN STRONG OVER THE COMING PERIOD
     
    The growth in Laos’ construction sector is set to remain strong over the coming quarters, according to Fitch Solutions Country Risk and Industry Research. The sector’s real growth accelerated in FY2017/18 to 22.6%, from 17.9% in FY2016/17. The continuation of Laos’ strong growth is attributed to the large-scale China-led infrastructure projects and the upgrade of the domestic road network. The most prominent of the many infrastructure projects currently underway is the US$6-7 billion Laos-China railway. The 414km railway would link the Yunnan provincial capital of Kunming in China to the Laotian capital of Vientiane.
     
   
     
    Moreover, Laos’ economic growth is booming as the Government eyes a 6.5% increase for 2020. The Laotian Government has also recently drafted its 9th 5-year socio-economic development plan (2021-2025) aiming to achieve sustainable and quality growth, produce more value-added goods, improve living standards and human resources, and promote strong internal, regional and international cooperation. With all these developments taking place, 2020 is an ideal period to start expanding your business in Laos’ bustling building and construction industry. LAOBUILD 2020 presents companies and brands a one-stop platform to capitalise on these opportunities.

Held at the National Convention Centre, from 11-13 June 2020, the International Exhibition will feature a wide range of products and services from quality building materials, the latest construction equipment to innovative building technology. Over 6,000 trade visitors and industry professionals from all over the country are expected to attend the Expo.

Whether you’re looking to conduct market feasibility studies, seek local partners and distributors, increase existing market shares in Laos, or simply maintain relationships with key clients while looking for new opportunities with foreign partners, you are sure to meet your objectives at LAOBUILD 2020. Don’t miss out on opportunities in this emerging market!
     
   

Sign up today for LAOBUILD 2020 and get ready for excellent brand exposure.

Contact Mr. Youtthaxay at youtthaxay@ambtarsus.com to book your preferred booth location.