During the Lao government's monthly meeting on Tuesday, the cabinet told state departments to hold talks with tourism business operators and share ideas and activities to be organized during Visit Laos Year 2024.
Chaired by Lao Prime Minister Sonexay Siphandone, the one-day meeting called for action to address barriers currently hindering progress in the tourism industry, a key economic driver and a major earner of foreign currency for Laos, Lao National TV reported on Wednesday.
Lao government hopes that Visit Laos Year 2024 will be a big boost to the post-pandemic recovery of the tourism industry and bolster Laos' fragile economy amid global upheavals.
Lao government considers tourism its top priority in revitalizing the economy, and the country is preparing to welcome an influx of foreign visitors in 2023.
The government pointed out the country's huge potential to develop natural, cultural, historical, and agricultural tourism sites. Several media organizations have ranked Laos as one of the world's top travel destinations for 2023.
In addition to tourism, the cabinet meeting instructed state departments to maximize state revenue collection to enable the government to meet its spending needs.
The cabinet also stressed the need to fulfill its debt service obligations to both domestic and foreign creditors after pledging that Laos will not slide into default.
Latest comments