WHY DO BUSINESS
IN LAOS?
Why we think the business will be successful in luang prabang, laos
Luang Prabang has been a UNESCO World Heritage Site since 1995. The old city centre rises from the place where the Nam Khan River flows into the Mekong River.
Luang Prabang has experienced double digit growth in tourist numbers over recent years boasting over 320 guesthouses and 60 hotels. With recent entry to the market of 5 star hotels like Amantaka – Aman Resorts, Le Residence Phouvao – Orient Express and Hotel de la Paix – Sofitel, with more expected to come.
“A scattering of emerging Asian countries make a notable appearance in the top-ten: growth in the region is buoyed by rising private consumption, and in particular a revitalised tourism sector in Laos. ”
“Luang Prabang’s total foreign arrivals of 342,557 represents a healthy year-on-year growth rate of 16%. New airport terminal with expanded runway is operational ”
Luang Prabang has a burgeoning fine-dining and restaurant culture in keeping with its French colonial past. This is all conducive to a high demand for good quality cheese and dairy products; however there is currently only one goat dairy in the country and one other yogurt producer, who imports the milk from Thailand. All other dairy products are imported.
Lao's access to overseas markets
“In the coming years, Laos is likely to find itself occupying the pivot point between these two large economies — China with its 1.3 billion population and $7 trillion economy and Southeast Asia with its 600 million people and $2 trillion GDP.
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The ASEAN Economic Community is due to come into effect at the end of 2015 so the Laos government is keen to assist in projects such as this one, particularly agricultural exports.
Trade Agreements between Laos & China and Laos & SEA will facilitate the export of products from Laos into these markets
China and SEA are seeing continued demand for dairy with growing middles class incomes and a growing awareness of the health benefits of dairy
Improved infrastructure and transport routes by road and air with railway links expected over coming years.
“Chinas market for milk products is dominated by domestic companies. However opportunities exist for importing of yogurt, cheese and dry milk products.
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