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Laos

Yearbook 2011

Laos. After communist China, the communist Laos embarked on an experiment with state-controlled capitalism when a stock exchange opened at the beginning of the year. Initially, trading took place in two state-owned companies, one electricity company and one bank. One of the main purposes of the stock market investment was to attract foreign investors. The government had made attempts to attract investors since the 1990s, but with limited success. While Laos is rich in natural resources, the infrastructure is poor. According to Countryaah official site, the level of education is also low; the majority of the population is engaged in farming for self-sufficiency.

2011 Laos

In April elections were held for the National Assembly. In addition to the Communist Party, only five independent candidates were allowed to stand. Of the 132 members elected, a quarter were women. The turnout was close to 100%, as it is compulsory to vote in Laos.

When the new parliament met in June, as expected, Thongsing Thammavong was re-elected prime minister and Choummaly Sayasone as president.

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