Country
Lao People's Democratic Republic

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"The Guidelines for the Promotion of Inclusive Business in ASEAN document provides an outline on how inclusive businesses can be supported at the national level, and what institutional setup is required to do so. The guidelines also provide recommendations on how ASEAN policy makers could collectively promote inclusive business at the regional level. We hope that this document would serve as a useful reference document for ASEAN policy makers in formulating national and regional strategies towards achieving a resilient, inclusive, people-oriented and people-centered ASEAN."

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"This free guide will help social entrepreneurs better understand the complexities of setting up a social enterprise in eight ASEAN countries, the options that are available to them, and the pros and cons of different legal forms. By providing detailed information on different legal structures that social enterprises can employ this guide offers well informed advice on registering with ministries, the documentation that is required and the licenses and permits needed to carry out certain business activities. It outlines governance and regulatory obligations and provides guidance on the taxes that apply to such organisations and expenses that are tax deductible. Case studies are also included to illustrate how social enterprises have responded to specific challenges."

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"The business landscape in Lao PDR consists of a few large firms in a relatively small number of industries, with many small and micro businesses in both urban and rural areas that remain largely informal. The Government of Lao PDR (GoL) has begun a series of reforms to support growth and formalisation of small and medium-sized enterprises (SMEs). This includes enterprises in the “missing middle”: those that have outgrown microfinance but are not yet covered by commercial bank financing. These enterprises are important for the diversification of the Lao economy, employment generation and poverty reduction. In the last few years especially, young Laotians have increasingly discovered entrepreneurship and seized opportunities for startups in Lao PDR, following the success stories they have seen throughout the region. In this context, the Dutch Good Growth Fund (DGGF) undertook a diagnostic study of the Lao PDR entrepreneurial ecosystem with a deeper evaluation of the financial offering available for SMEs."

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