The national economy of the Lao People's Democratic Republic relies on a stable multi-sectoral economy which is encouraged [by the government; such economy shall] expand manufacturing capacity, broaden production, businesses and services, transform the natural economy into a trading and manufacturing economy, and modernise; [while] combining with regional and global economies to stabilise and develop the national economy continuously and to improve the material and spiritual living conditions of the multi-ethnic people.
All types of enterprises are equal before the laws and operate according to the principle of the market economy, competing and cooperating with each other to expand production and business while regulated by the State in the direction of socialism.
The State promotes the investment by all domestic economic sectors in production, businesses and services, to contribute to the industrial transformation and modernization of, and to develop and strengthen, the national economy.
The State promotes foreign investment in the Lao People's Democratic Republic, [and] creates favorable conditions for the injection of capital, for the use of technology and for introducing modern types of management into production, businesses and services.
The lawful assets and capital of investors in the Lao People?s Democratic Republic shall not be confiscated, seized or nationalised by the State.
The State protects and promotes all forms of property rights: State, collective, private domestic and foreign investment in the Lao People's Democratic Republic.
The State protects the property rights (such as the rights of possession, use, usufruct and disposition) and the inheritance rights of organisations and individuals. Land is a national heritage, and the State ensures the rights to use, transfer and inherit it in accordance with the laws.
The State manages the economy in accordance with the mechanism of the market economy regulated by the State, to implement the principle of combining centralised management through the consensus of central authorities with the delegation of responsibilities to local authorities in accordance with the laws and regulations.
All organisations and citizens must protect the environment and natural resources: land surfaces, underground [resources,] forests, animals, water sources and the atmosphere.
The Lao People?s Democratic Republic implements open policies on economic cooperation with foreign countries in different ways, on a multilateral basis and in different forms on the basis of the [following] principles[:] respect for each other's independence, sovereignty, equality and mutual benefit.
The State attaches great importance to the development of the economy in conjunction with cultural and social development by giving priority to human resource development.
The State attends to developing education and implements compulsory primary education in order to build good citizens with revolutionary competence, knowledge and abilities.
The State and society attend to developing high quality national education, to create opportunities and [favourable] conditions in education for all people throughout the country, especially people in remote areas, ethnic groups, women and disadvantaged children.
The State promotes private sector investment in the development of national education in accordance with the laws.
The State promotes preservation of the national culture which is representative of the fine tradition of the country and its ethnic people while accepting selected progressive cultures from around the world.
The State promotes cultural activities, fine arts and invention, manages and protects the cultural, historical and natural heritage and maintains antiques and historical places.
The State attends to improving and expanding mass media activities for the purpose of national protection and development.
All cultural and mass media activities which are detrimental to national interests or the fine traditional culture and dignity of Lao people are prohibited.
The State attends to promoting knowledge and invention in scientific and technological research and application, [and to] protecting intellectual property while building up a community of scientists to promote industrialisation and modernisation.
The State attends to improving and expanding public health services to take care of the people?s health.
The State and society attend to building and improving disease prevention systems and providing health care to all people, creating conditions to ensure that all people have access to health care, especially women and children, poor people and people in remote areas, to ensure the people?s good health.
The State promotes private sector investment in public health services in accordance with the laws and regulations.
All unlawful public health services are prohibited.
The State and society attend to encouraging, supporting and investing in public sports activities, including traditional and international sports, [in order to] upgrade abilities in sport and to strengthen people?s health.
The State and society attend to developing skilled labour, upgrading labour discipline, promoting vocational skills and occupations and protecting the legitimate rights and benefits of workers.
The State and society attend to implementing policies on social security, especially towards national heroes, soldiers, retired civil servants, disabled people, [and the] families of those who have sacrificed their lives for the revolution and who have contributed extensively to the nation.
The State, society and families attend to implementing development policies and supporting the progress of women and to protecting the legitimate rights and benefits of women and children.
The State and society promote, develop and [open up the country to] cultural and historical tourism and eco-tourism.
Tourism which is detrimental to the fine culture of the nation or which contravenes the laws and regulations of the Lao People's Democratic Republic is prohibited.
The reader may wish to refer to the Property Law for more information on the categories of property rights.