according toReported by Vientiane Times, Deputy Minister of Agriculture and Forestry of Laos, Tong Fa·Feng Manni（Thongphat Vongman reported on the development of agriculture and forestry in Laos, stating that in 2023, the output value of agriculture and forestry in Laos increased by 3.4%, accounting for 21.4% of the gross domestic product,The export income of agricultural products exceeds1.4 billion US dollars,

two thousand and twenty-threeyear,LaosThe yield of crops is approximately9.74 million tons, exceeding the target by 3.7%, with an increase of 28.62% in potatoes, 7.5% in coffee, 16.7% in bananas, and 10.1% in sugarcane.

LaosCurrently, there are livestock farms2261, with over 6.5 million livestock on hand,Compared to animal husbandry farmsIn 2022, a total of 123 breeding farms will be added. Among them, there are 55 cattle farms, 34 pig farms, 18 laying hens farms, etc., which can provide 41% of the total meat production.

LaosRelated to64 trading partner countries have completed market opening and export negotiations for agricultural products, including 33 projects with China,plant30, 3 animals; Jointly build 16 factories with Vietnam; We will jointly build 15 factories with Thailand and only export to the European Union.

The report refers tostillThe government continues to carry out negotiations on agricultural product export trade, and currently exports are available64 products, an increase of 16 compared to 2022. Among them, 33 products are exported to China, 30 are plants and crops, and 3 are animals.

Agriculture has always been a pillar industry of the Laotian economy, accounting for nearly half of the country's gross domestic product, and the agricultural population accounts for about half of the country's total population90%.

Laos has multiple advantages suitable for the development of agriculture, and agriculture has become one of the hotspots of foreign investment. Laos has abundant precipitation and abundant heat, and natural conditions are very conducive to agricultural product production.

In addition, the soil in the central and northern regions is fertile and suitable for cultivation, while the eastern and southern regions are mainly mountainous and suitable for forestry and animal husbandry development.

Due to its relatively backward economic development, Laos has not yet damaged its ecological environment and has low agricultural pollution. Therefore, developing ecological agriculture in Laos, promoting high-quality and pollution-free biotechnology, and expanding the green agriculture market have potential advantages. In recent years, Laos has proposed changes"Land locked countries" are "land linked countries", actively respond to the "the Belt and Road" initiative, and build the China Laos railway. At the same time, we are actively promoting the implementation of connectivity plans with ASEAN countries and promoting the establishment of regional economic corridors in the Greater Mekong Subregion.

With the gradual advancement of these strategic projects, Laos is expected to become a hub for connecting various economies and a transit center for agricultural trade in the Mekong Subregion.

In addition,The political situation in Laos is relatively stable, and the social environment is good. Moreover, Laos is adjacent to Yunnan, China, and has certain similarities in folk customs and cultural backgrounds. Therefore, there are small differences in the cultural environment,With ChinaInvestment communication is more convenient.

Meanwhile, in recent years, neighboring countries such as China, Vietnam, and Thailand have increased their encouragement for their domestic enterprises to invest overseas, and have also sought to transform their domestic agricultural economy and cooperate with overseas economies, providing unprecedented opportunities for the development of agriculture in Laos.

However, Laotian farmers and producers have been severely hindered by the sharp increase in production costs, mainly due to soaring fuel prices. In addition, the costs of machinery, fertilizers, and animal feed have also sharply increased, as these items are all imported and must be paid in foreign currency. Due to the continuous depreciation of the Lao currency, the cost of foreign currency payment is high.