North Laos enjoys abundant natural resources. It has advantageous geographic location and the conditions needed for developing industries. The variety of natural resources of the country turned Lao into China’s investment.
The country mass production is still based on traditional, self-sufficient natural and agricultural economy and its resources make Chinese companies interested to improve the overland access to China for new over land trades and manufactures. Chinese companies are investing by improving the national roads, which link provinces with neighboring countries and it will contribute substantially to Lao development. The next following years will be an important period for Northern Lao. The development of Lao will strengthen the trade between. Among the 10 ASEAN countries, Laos is the only landlocked country and with good mineral resources, China will take profit by investing in the neighboring country.
The price that Lao is paying for development alters the green scenery and while the roads are being built, the population of the countryside suffers from massive waves of dust from the trucks that are constantly passing by.
However, the richness of natural resources and good investment environment provide Laos a good foundation to attract more investments. In recent years, the economic and trade relations between China and Laos have developed significantly and the investment of Chinese enterprises in Laos keeps on the rise, both countries established extensive cooperation in the fields like agriculture, agricultural machinery and industries.
For China, Laos provides a growing avenue to export products to wider Southeast Asia, particularly from its remote and less-developed, landlocked southwestern regions.
Consequently, Chinese people that come to control their business are populating the north of Lao. The roads are under construction and the jungle landscape is changing rapidly.