As a result of the implementation of the socio-economic development plan in the fiscal year 2010/2011, Champasak Province has seen an overall increasing trend: Estimated income per capita rose from US$ 606 in 2006/2007 to US$ 1,262 in 2010/2011. At provincial level, poverty rate remains at a low of 2 %, representing 2,226 poor families. The GDP growth rate over the last ten years is very promising. Macro-economic indicators, embracing government's policies and objectives have accomplished a considerable satisfactory level.
Champasak Province authority in particular works hard to reduce poverty and to improve livelihood in rural areas. Provincial leaders together with departments, committees and relevant sectors, as well as the central government bodies, have put all their efforts in seeking additional funds for the provincial budget and utilizing all means for investments into some fundamental infrastructures. One of the notable efforts of the province is the serious focus on attracting and promoting domestic and foreign investment. Up to date, the province has approved a total of 277 projects, at a value of 6,522 trillion kip equivalent to US$ 815.25 bn. In the fiscal year 2010/2011 alone, 46 projects at value of 964.20 bn kip or US$ 120.52 m have been approved. The majority of investments account for agriculture, facilitation of tourism, infrastructure, industry and services. With the socio-economic development and its potentials, an increasing future trend is expected. Therefore, it is not surprising that investors, businessmen, both domestic and foreign in all sectors choose Champasak Province as one of their investment destinations due to its plentiful natural resources that are suitable for investment in agriculture (farming and livestock rising) especially organic farming and processing. Most importantly, eco-tourism, cultural and famous historical attraction sites, such as Wat Phou Champasak, the second national World Heritage and Khon Pha Pheng, also known as the "South East Asian Niagara Falls" or the "Pearl of Mekong", invite all of develop the Khon Pha Pheng zone. The government has earmarked the area to be a Special Economic Zone open to interested investors.
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Foreign Investors
Valuable investments from 2005-2011
Champasak Province authority in particular works hard to reduce poverty and to improve livelihood in rural areas. Provincial leaders together with departments, committees and relevant sectors, as well as the central government bodies, have put all their efforts in seeking additional funds for the provincial budget and utilizing all means for investments into some fundamental infrastructures. One of the notable efforts of the province is the serious focus on attracting and promoting domestic and foreign investment. Up to date, the province has approved a total of 277 projects, at a value of 6,522 trillion kip equivalent to US$ 815.25 bn. In the fiscal year 2010/2011 alone, 46 projects at value of 964.20 bn kip or US$ 120.52 m have been approved. The majority of investments account for agriculture, facilitation of tourism, infrastructure, industry and services. With the socio-economic development and its potentials, an increasing future trend is expected. Therefore, it is not surprising that investors, businessmen, both domestic and foreign in all sectors choose Champasak Province as one of their investment destinations due to its plentiful natural resources that are suitable for investment in agriculture (farming and livestock rising) especially organic farming and processing. Most importantly, eco-tourism, cultural and famous historical attraction sites, such as Wat Phou Champasak, the second national World Heritage and Khon Pha Pheng, also known as the "South East Asian Niagara Falls" or the "Pearl of Mekong", invite all of develop the Khon Pha Pheng zone. The government has earmarked the area to be a Special Economic Zone open to interested investors.
Normal 0 false false false EN-US X-NONE TH MicrosoftInternetExplorer4
Foreign Investors
Valuable investments from 2005-2011
trillion kip
