Aluminium Laos

31 5月 Aluminium Laos

Aluminium Laos ore is of excellent quality. The distribution area of ​​basalt weathering material in the plateau area between Borovin Plateau and Asobo-Sakung Province in southern Laos is about 5000km2. It is estimated that the bauxite reserves in the southern plateau of Laos should be more than 200 million tons, and the prospective resource reserves are as high as more than 5 billion tons. The prospecting potential in the future is very huge.

Laos is dominated by agriculture and has a weak industrial foundation.
Since 1986, the reform and opening up have been implemented, and the economic structure has been adjusted, that is, agriculture and forestry, industry and service industries are combined, and the development of agriculture and forestry is given priority.
Abolish the highly concentrated economic management system, switch to the business accounting system, implement economic policies that coexist with multiple forms of ownership, gradually improve the market economy mechanism, and strive to transform the natural and semi-natural economy into a commodity economy.
Open to the outside world, promulgate foreign investment laws to improve the investment environment; expand foreign economic relations, and strive to introduce more funds, advanced technologies and management methods.
From 1991 to 1996, the national economy grew at an average annual rate of 7%.
After 1997, the Laos economy was severely impacted by the Asian financial crisis. The Lao government has adopted measures such as strengthening macro-control, rectifying financial order, and expanding agricultural production, and has basically maintained social stability and economic stability.
The economy grew by 6.9% in 2017, and the gross domestic product (GDP) was approximately US$17 billion, or US$2,472 per capita.
In 2018, the economy grew by 6.5%, and the GDP was about 17.9 billion US dollars, with a per capita of 2599 US dollars. The name of the Lao currency is the Kip (KIP), and its exchange rate with the U.S. dollar in July 2019 is about 8,703:1.

Aluminium Laos ore is of excellent quality. The distribution area of ​​basalt weathering material in the plateau area between Borovin Plateau and Asobo-Sakung Province in southern Laos is about 5000km2. It is estimated that the bauxite reserves in the southern plateau of Laos should be more than 200 million tons, and the prospective resource reserves are as high as more than 5 billion tons. The prospecting potential in the future is very huge.

From 2016 to 2018, the average annual growth rate of the industry was 10.4%. The main industrial enterprises include power generation, sawmilling, mining, ironmaking, cement, clothing, food, beer, pharmaceuticals, etc., as well as small repair shops and weaving, bamboo and wood processing workshops.

In 2019, Lao’s industry grew by 8.3%. The main industrial enterprises include power generation, sawmilling, mining, ironmaking, cement, clothing, food, beer, pharmaceuticals, etc., as well as small repair shops and weaving, bamboo and wood processing workshops.

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