Laos would do its utmost to increase its export volume to $4.45 billion and limit its import at 4.48 billion, the minister was quoted by Lao news agency.
The target of the Lao government also includes increasing the processing industry and handicraft production to 6.9 trillion Lao kip ($844.7 million).
"To reach these targets, the government has to attach greater attention to the production sector, making sure products and goods meet international standards, especially in the fields of the agricultural processing industry and garment industry," said the minister.
"We need to focus on 12 hydropower projects making sure that these projects are completed by the end of this year," said the minister.
These power plants will have a combined installed generation capacity of 468.45 MW and will generate electricity at an average of about 1,872.92 GWh per year, according to the report. ■
What to read next
More inside POST
Employees leave the way you treat them Leadership
Ghana bans exports of rosewood Politics