The Lao economy depends on investment and trade with its neighbors, Thailand, Vietnam, and, especially in the north, China. Pakxe has also experienced growth based on cross-border trade with Thailand and Vietnam. In 2009, despite the fact that the government is still officially communist, the Obama administration in the US declared Laos was no longer a Marxist–Leninist state and lifted bans on Laotian companies receiving financing from the US Export-Import Bank.