PM outlines measures to drive growth, curb spending
Prime Minister Thongloun Sisoulith on December 20 instructed authorities to ensure the macro-economy was stabilised along with improving the investment climate as key factors to attract investment and drive growth. The premier gave the advice during a two-day meeting that ended yesterday. The meeting was convened to give instruction on the implementation of the socio-economic development plan and budget for 2017, which set the target for economic growth at 7 percent. To attract foreign and domestic private investment, Mr. Thongloun told the meeting to streamline procedures and expedite the investment proposal process in a transparent manner. Mechanisms must be quick, timely and transparent. It [the investment proposal] must be passed through only a single window, he told the more than 500 participants from central and local departments. Mr. Thongloun stressed the need to fully implement the amended Investment Promotion Law, which was passed by the National Assembly at the end of last month.
