Strategic Location
Champasak is a resource-rich province in Southern Laos, strategically closely placed to large markets of Thailand, Cambodia and Vietnam. The economic sectors of the province reflect a rapid growth in the agricultural as well as in the services sector. Due to its favourable conditions for agriculture the province could well be the food basket for the region. The famous Boloven Plateau is renowned for its high quality coffee production. Despite sky-rocketing investments into the agricultural sector, the full potentials for agri-business remain still untapped. The hotel and restaurant sectors are fast growing, with prestigious hotel construction projects underway to attract high spending visitors.
Untapped Business Potentials
Pakse, the provincial capital presently experiences an unprecedented construction boom and a rapid growth in domestic and foreign direct investment. Due to the close proximity to Thailand, Cambodia and Vietnam, wholesale and retail businesses are flourishing. The newly established trade area at the Lao Nippon friendship bridge contributes to an economic upturn for the region. Another commercial hub, a large duty-free shopping area at the Vangtao Chongmek border point between Thailand and Laos is presently under construction in order to give an additional boost to commercial development and trading. At the end of 2008 Pakse hosted the National Games which brought another boost to the provincial economy.
Resource rich
The Province is rich in natural resources like bauxite, copper, barite, peat, iron, lead, zinc, petroleum gas as well as substantial potential for hydro power generation. Several hydro power projects of installed capacities from 61 to 2,080 MW are planned. Potentials for a renewable energy plant from wood waste exist.
