ASEAN to become world's No. 4 economy by 2030 -- Laos PM

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Laotian Prime Minister Thongloun Sisoulith (Photo by Nozomu Ogawa)

KEN MORIYASU, Nikkei deputy editor

VIENTIANE -- A new economic order will emerge by 2030, with Southeast Asia taking on a central role, Laotian Prime Minister Thongloun Sisoulith told business leaders in his nation's capital on Monday.

"Studies have shown that the ASEAN economy is expected to grow at 7% per annum, with a GDP reaching $4.7 trillion in 2020, and the possibility of becoming the fourth-largest economy in the world by 2030," Thongloun said in his opening remarks for the ASEAN Business and Investment Summit (ABIS) 2016, of which the Nikkei Asian Review is a strategic media partner.

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