2 February 2017

Laos | ZICO Law’s Aristotle David Chimes in on Laos Development and Future Prospects

Aristotle David, Managing Partner of ZICO Law Laos, has recently contributed to an article by Asia Times which discusses Laos PDR’S recent economic development and increased standing in the ASEAN region

The article entitled ‘Out of Obscurity’ focuses on the key economic reforms that have been the impetus for the once under developed nation’s steady march towards progress and modernity.

“For the past two decades, the Lao PDR’s gross domestic product has grown at an average annual rate of 7%, with increasing exploitation of the country’s natural resources, mostly water, minerals and forests,” noted Aristotle David whilst adding that on the current trajectory Laos expects to be a middle upper-middle income country by 2030.

Aristotle further cited the increase of foreign investment in Laos as a key determining factor for ZICO Law’s presence in the nation. “Foreign interest in the Lao PDR continues to grow and we are looking to aggressively expand to further enhance ZICO Law’s capabilities to our clients in Laos.”

Aristotle David, heads up our practice in Vientiane and has over 16 years’ experience as an international lawyer, including more than 11 years in the Lao PDR.

To learn more about the article, please click here.