Fostering Connections, Fueling Growth: EuroCham Laos at the heart of Lao business

Words and images by EuroCham Laos

In a unique economic landscape, characterized by steady growth and a strategic position in Southeast Asia, the European Chamber of Commerce and Industry in Laos (EuroCham Laos) stands as a pivotal institution for fostering business connections, economic growth, and investment opportunities to thrive in a dynamic Lao market.

While the Lao government’s focus on sustainable development and regional integration further enhances its appeal as a business destination, EuroCham Laos, as a bridge between Europe and Laos, plays a crucial role in promoting bilateral trade, supporting local enterprises, and enhancing the economic landscape of the region.

With over 12 years of experience and over 120 members, EuroCham Laos is the largest and most influential Western business association in the Lao PDR. With a mission to support and promote European businesses in Laos, EuroCham Laos offers a comprehensive suite of services, fostering a conducive environment for business growth and development.

Advocacy and Representation

EuroCham Laos actively engages with the Lao government, European Union bodies, and international organizations to advocate for policies that foster economic growth and business development. Through regular dialogues and consultations, ECCIL ensures that the voice of the business community is heard and considered in policymaking processes. This advocacy work is instrumental in creating a more transparent, predictable, and business-friendly regulatory environment.

Supporting Sustainable Development

EuroCham Laos is committed to promoting sustainable development and responsible business practices among its members. The chamber encourages businesses to adopt sustainable practices that reduce their environmental footprint, enhance community welfare and inclusivity, and contribute to environmental protection, social equity, and economic development. By championing sustainability, ECCIL helps its members align their business strategies with global sustainability goals and contribute to the long-term prosperity of Laos. EuroCham Laos positions itself as a cornerstone of the business community and promoter of European culture and values with several leading initiatives.

In 2022, EuroCham Laos established an annual charity fund-raising and gala dinner to encourage its members to understand the community’s needs and demonstrate the ability for compassion. “As it is ECCIL EuroCham’s mission to represent and further European core values in responsible trade, we are constantly encouraging responsible investment. We work daily with European and local businesses, civil society organizations, Lao authorities, and communities to promote responsible business practices and support sustainable economic growth and shared value” said Thiane Khamvongsa, Executive Director of EuroCham Laos. “For us, a company “doing good” is measured not only in terms of profits but also by how it contributes to the communities and ecosystems in which it operates. The health crisis has left people vulnerable, and the role of the private sector is crucial in this context.”

Other flagship events are the Responsible Business Awards organized with several other foreign business chambers, and the “Empower Women” program - supported by the European Union and Team Europe in Lao PDR - which aims to contribute to gender equality and women empowerment in the area of private sector development.

Networking and Community Building

Networking is a cornerstone of ECCIL’s offerings. The Chamber organizes numerous events throughout the year, including seminars, workshops, and social gatherings. These events provide members with the opportunity to connect with key stakeholders, industry leaders, and potential business partners. By facilitating these connections, ECCIL helps members expand their professional networks, share knowledge, and explore collaborative opportunities.

A Positive Outlook

Joining EuroCham Laos offers businesses an unparalleled platform to thrive in the Lao market. With its comprehensive services, successful advocacy efforts, and vibrant network of professionals, EuroCham Laos is the ideal partner for any business aiming to establish or expand its presence in Laos.

The economic outlook for Laos is promising, with ongoing reforms and development initiatives paving the way for sustained growth. By being a part of EuroCham Laos, businesses can capitalize on these opportunities and contribute to the prosperity of the Lao economy. Embrace the future with EuroCham Laos and unlock the potential of this burgeoning market.

For more information about ECCIL and how to become a member, visit eccil.ong