Vientiane: During the 9th Ordinary Session of the 9th Legislature of the National Assembly, chaired by Mr. Sommat Phonsena, Vice President of the National Assembly, members examined the draft of the 10th Five-Year National Socio-Economic Development Plan (2026-2030).
According to Lao News Agency, Mr. Phet Phomphiphak, Minister of Planning and Investment, presented the draft plan, urging National Assembly members to provide feedback. The plan received unanimous support for its structure and content.
Minister Phet emphasized that the plan serves as a crucial roadmap for advancing Laos’ development goals to 2030. It aims to support the country’s strategy to graduate from Least Developed Country (LDC) status by 2026 and pursue sustainable, green growth. The plan aligns with the Sustainable Development Goals (SDGs), the Lao PDR’s Green Growth Strategy, and other long-term national strategies such as Vision 2045 and the Socio-Economic Development Strategy to 2035.
The plan addresses economic and financial challenges, focusing on implementing Resolution 04 for an independent and self-reliant economy, as well as the resolutions from the 12th National Congress of the Lao People’s Revolutionary Party. It seeks to create a foundation for economic transformation, guiding Laos toward upper-middle-income status through sustainable development.
Key elements of the plan include identifying opportunities, challenges, and potential areas in the national development landscape. Its guiding motto is: ‘Proactively build an independent and self-reliant economy, effectively use all potential, and develop the economy and society in a green and sustainable direction.’
The 10th Five-Year Plan outlines six major goals: building an independent economy, developing high-quality human resources, improving living standards, ensuring sustainable resource management, strengthening regional and international integration, and improving public administration.
The National Assembly’s review of this strategic plan is a significant step for Laos as it prepares for the next five years, aiming to convert challenges into opportunities for national prosperity.
