Chairman of the Vientiane Province Administration Committee, Mr Phouvong Bounxou.

Vientiane province raises five-year growth targets

Vientiane province aims to achieve annual economic growth of at least 6 percent from 2026 to 2030, rising to 6.5 percent by the end of the period, while average annual income is set to reach US$2,500 per person.
The new targets have been set after the province recorded average growth of 4.8 percent per year from 2021 to 2025, reaching only 80 percent of the planned goal.
Total economic output over the five-year period stood at 56,455 billion kip, equal to 96.15 percent of the target of 58,714 billion kip, while average annual income per capita rose to US$1,594.
Chairman of the Vientiane Province Administration Committee, Mr Phouvong Bounxou, reported the figures at the inaugural session of the fifth-term Provincial People’s Council, held from April 7-9.
Mr Phouvong said the province will address remaining challenges while building on five key strengths to drive future growth.
These include agriculture and agro-processing, tourism services, transport and logistics, processing industries linked to production chains, and clean energy.
He said the development plan aims to improve living standards, raise incomes, and build a more self-reliant economy.
Under the new targets, the province aims to produce 285,528 tonnes of rice each year and 593,795 tonnes of other crops. Supply of meat, fish and eggs is set to reach 41,959 tonnes per year.
The value of industrial and handicraft production is projected to exceed 11,801 billion kip, while electricity generation is expected to reach 10,017.85 kilowatt-hours.
The value of mined ores is forecast at more than 5,881 billion kip.
Transport services are set to expand, with freight volumes reaching 5.22 million tonnes and passenger travel rising to 11.19 million trips.
The province also aims to attract 9 million Lao and foreign tourists over the five-year period.
Budget revenue is expected to grow by more than 7 percent per year, reaching at least 7,592 billion kip over five years.
Of this, more than 1,083 billion kip will go to the central treasury and 6,508 billion kip will support provincial expenditure.
Spending will be managed at around 7 percent growth per year, with total expenditure projected at more than 7,490 billion kip.
The province plans to source 20,235 billion kip in investment, equal to 18 percent of gross domestic product. Investment from the State will account for at least 2,421 billion kip, while development grants are expected to contribute at least 1,280 billion kip.
Private investment, both domestic and foreign, is expected to contribute 16,534 billion kip, or 82 percent of the total.

By Times Reporters
 (Latest UpdateApril 9, 2026)