+ With Laos economic growth estimated to reach 7% in 2018, over 500 automotive technicians are needed to satisfy the growth of the nation’s auto aftermarket. In order to meet the industry’s growing demand, the Kolao Group has signed a Memorandum of Understanding (MOU) with the Lao-Korean Labour Development Institute to train its students to meet the needs of the industry.

+ According to the Department of Public Works and Transport, Laos’ automotive industry growth has been rising 10%-15% every year since 2013.

+ In order to meet the obligations set under the ASEAN Trade in Goods Agreement (ATIGA), LAO PDR had reduced import tariffs on various goods from ASEAN countries, including vehicles. As a result, vehicle imports have grown 10%-12% (2016)