Labor force advantage
Southeast Asia is densely populated/labor-intensive
Southeast Asia is one of the densely populated regions in the world, and also one of the regions with the most abundant labor resources in the world. It is the "value depression" of the global labor force. Most workers in all countries are diligent, disciplined and aggressive, and the labor price is generally low. The ten ASEAN countries have a population of 654 million and a rich workforce, many of them are skilled workers.
Laos has abundant labor/low cost
Laos has a population of about 7.17 million, of which 3.82 million are laborers, with abundant labor resources. Laos is in the primary stage of social and economic development, with a young labor force and young marriage and childbearing age, and great potential for population growth. Most of the labor force is engaged in agricultural production, and the labor price of non-agricultural industries is relatively low, which saves a large amount of human resource cost for enterprises investing in Laos. The average worker earns about $200 a month, while the government sets the minimum wage at about $110 a month. Labor force Population As one of the countries with the lowest minimum wage in Southeast Asia, the minimum wage for employees stipulated by the Lao government is 1.1 million kip (about 750 Yuan) per month, indicating that the overall wage level of its labor force is relatively low and the labor cost has a significant competitive advantage.
Consul General of Laos in Kunming Meets with Chairman of Puchow Special Economic Zone
On June 22, the Consul General of Laos in Kunming, Manilala Sombandy, met with Dong Hongqi, Chairman of the Pukyo Special Economic Zone, and his delegation at the consulate. After in-depth and candid communication, the two sides reached consensus on improving management service efficiency, optimizing business environment, environmental protection, sustainable development, production capacity transformation, and promoting the development of manufacturing industries, especially oil and energy companies, in the zone.
On June 21, Chairman Dong Hongqi of the Special Administrative Region visited the Yunnan International Cultural Exchange Foundation and reached a strategic cooperation agreement with it. Chairman Dong said that the Special Administrative Region plans to allocate a certain amount of land and plan it as a "Sino-Laos Cultural Exchange Demonstration Base" for the The cultural exchanges between China and Laos have made contributions to the best of their ability.
The first signing ceremony of the Lao Phoukhyo Specific Economic Zone was successfully held
On June 28, Laos Pucho Special Economic Zone and Yunnan International Cultural Exchange Foundation jointly held a promotion meeting of "Meet Pucho, Build a Dream Together" at the Zhenzhuang Guest House. Representatives of Yunnan Provincial Development and Reform Commission, Department of Commerce, Department of Industry and Information Technology and other units A total of 150 entrepreneurs from different industries and different economic scales led by central enterprises and state-owned enterprises gathered in Kunming from various places to participate in the grand event. The Consul General of the Lao People's Democratic Republic in Kunming, Manila Sombandy, and the Commercial Consul, Zhan Sai Sulipong, attended the ceremony.
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