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WEEKLY NEWSLETTER
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Laos
Index
According to government statistics, the number of
retail shops
increased dramatically--by 44 percent--in just one year,
to 21,600
in 1991, reflecting the response to relaxed restrictions
on private
trade and entrepreneurship as well as a renewed social
acceptability of petty trade. Of these establishments, 97
percent
are privately owned. During the same period, the number of
stateowned shops decreased by one-third, to 600 stores.
Wholesale and
retail trade grew at a rate of 20 percent in 1989 and
1990. Retail
trade was worth about K563,000 million (for value of the
kip--see Glossary)
in 1991, an increase of 38 percent over the
preceding
year.
Data as of July 1994
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