Laos Focuses On Creating Digital Economy, Society

Lao Prime Minister Sonexay Siphandone has called for intensive action to develop three digital pillars – a digital economy, government and community – to give a big boost to the country’s socio-economic development. The technologies including blockchain, artificial intelligence (AI), high speed Internet, Internet of Things (IoT), big data, cloud computing, E-wallet, E-transactions, E-payments, and virtual and augmented reality will bring about new opportunities and services to drive rapid changes and spur fast progress in socio-economic development and governance. The Lao government is implementing the National Digital Economic Development Vision for 2021-2040, the National Digital Economic Development Strategy for 2021-2030, and the National Digital Economic Development Plan for 2021-2025. Lao Minister of Technology and Communications Boviengkham Vongdara and MetaBank Singapore signed a contract to develop Lao National Blockchain Infrastructure to support digitalisation.