Bank of Lao PDR has developed reform action plan to improve getting credit/access to credit as follows:

– Within 1-2 years, working with ministry of justice to improve legislatives such as Law on Secured Transaction and Law on Bankruptcy

– Upgrading the database on credits along with the use of public utility data (electricity, water and telephone) for creating credit information materials


Registry Office for Security Interests in Movable Property, Ministry of Finance has provided services across the country as the following:

– Utilizing online registration through

– Providing credit security service by using movable asset as collateral has started since 2013. The main entities registered for this are banks, leasing firms and microfinance institutions. The accepted credit security can be vehicles, machines and factoring account. Now, asset credits is worth more than 30 trillions USD.