Why Should You Localize Your Content Into The Laos Market?
The Laos market – the only landlocked country in Southeast Asia, bordered by China, Vietnam, Cambodia, Thailand and Myanmar – is witnessing a renewed economic development thanks to its strategic position between strong neighbours and new projects and policies to attract FDI.
With its GDP growing at an average of 6-7% annually since 2000 and being one of the fastest-growing economies in the ASEAN region, Laos is demonstrating that it is a potential market that can bring a huge profit for investors. If the Laos market is on your consideration, you should localize your content in the Laos market. And below are some of the reasons!
1. Laos Market – Connecting the Most Dynamic Asian Markets
Being a rapidly growing developing economy and standing right at the heart of Southeast Asia, bordered by Burma, Cambodia, China, Thailand, and Vietnam, the Lao government’s vision is to establish Laos from the land-locked country to the land-linked nation by leveraging its lengthy land borders with those countries. China-Laos Railway is one the process and expected to be completed by 2021. Highways connecting Laos’ major cities with neighbouring countries are also steadily improving.
The Laos market now is a land bridge that provides the most direct overland transport routes between its neighbours. Such positive signs are attracting points that make more and more investors choose Laos as a destination as well as raise a need for investors to localize their content into the Laos market.
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