• Laos becomes a French province.
  • Laos gains full independence and proclaims a constitutional monarchy.
  • A Communist group, Pathet Lao, seizes power. The Lao People's Democratic Republic is proclaimed shortly after.
  • The government allows some private enterprise within the agriculture industry.
  • Thailand and Laos sign a security and cooperation pact, and a new constitution is endorsed in the country.
  • The “Friendship Bridge” over the Mekong, connecting Laos with Thailand, is opened.
  • The Association of Southeast Asian Nations (ASEAN) accepts Laos as a member.
  • Laos takes drastic steps to become a full member of the World Trade Organization (WTO)
  • A new stock market opens in Vientiane, the capital of Laos, as part of a tentative experiment with capitalism.

Sources:

BBC News open_in_new
Britannica open_in_new