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Economy

Dreams of wealth and entrepreneurship in Laos

The Vientiane skyline: The Laotian capital is quieter and less developed than Hanoi or Ho Chi Minh City in neighboring Vietnam, but change is coming fast.

VIENTIANE, Laos (Nikkei) -- In Japan, entrepreneurship is seen by the government as a way to revive the economy. In Laos, however, entrepreneurship is regarded by young elites as a realistic path toward personal riches.

     Laos is a small country, with a population of just 6.9 million. Nominal per capita gross domestic product there was $1,476 in 2013, making it one of the least-developed countries.

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