The World Bank’s Bad Business in Lao PDR
Over 72% of land leases involve foreign investors, primarily Chinese, Vietnamese, and Thai companies. Most products from these operations are exported as raw material to the investor countries, leaving little to no room for added value domestically to benefit the Laotian economy. Rubber is the largest single industry within land investment, making up 34% of all land concessions. The two largest rubber investors are Vietnamese corporations, Hoang Anh Gia Lai (HAGL) and Vietnam Rubber Group (VRG).