VIENTIANE (Vientiane Times/ANN) – The Bank of the Lao PDR (BOL), the country’s central bank, officially launched the new joint venture Lao National Payment Network Co Ltd (LAPNet) in collaboration with seven major banks.The company aims to create a more efficient system of payments and ...

VIENTIANE (Vientiane Times/ANN) – Business operators in California, USA, have encouraged Lao businesspeople and the authorities to benefit from the state’s potential for investment thanks to its geography and suggest that business matching could benefit both sides.In 2018 the value of two-way trade between Laos ...

VIENTIANE (Vientiane Times/ANN) – The US-China trade war has yet to impact upon trade between Laos and China, a Chinese diplomat has confirmed.Speaking to Lao media in Vientiane on Thursday, Chinese Ambassador to Laos Jiang Zaidong said the trade cooperation between the two countries continued ...

VIENTIANE, May 27 (Xinhua) — The majority of foreign visitors to Laos said they were coming to the country for a holiday, a new survey has revealed.The survey was carried out by the Tourism Development Department of the Lao Ministry of Information, Culture and Tourism. ...

VIENTIANE (Vientiane Times/ANN) – Two international organisations plan to form a partnership to help Laos deliver better education outcomes in its remote border areas.The Southeast Asia Ministers of Education Organisation (Seameo) and the Association of Southeast Asian Nations (Asean) held their technical working group meeting ...

OUDOMXAY, Laos (Vientiane Times/ANN) – Prime Minister Thongloun Sisoulith has asked Oudomxay provincial leaders to scrutinise private investment projects in detail so that economic growth in the northern province can be driven by high quality developments and programmes.The premier gave the advice on April 12 ...

New guidelines have been issued advising foreign nationals of additional rules they must comply with if they wish to marry a Lao citizen.Minister of Home Affairs Mr Khammanh Souvileuth signed the guidelines on January 28, authorising home affairs officials to request several supporting documents from ...

(KPL) The Lao Securities Exchange launched on Thursday the trading of the shares of Lao Asean Leashing Public Company (LALCO), the 11th company to have been registered on the Lao stock market.The trading day witnessed the share traded at 3,000 kip per share, rising by ...

VIENTIANE (Vientiane Times/ANN) – Local farmers and plant nurseries in Vientiane are still dependent upon imported saplings from neighbouring countries, especially Thailand, according to the owner of a local nursery. “I import thousands of saplings for retail every year due to insufficient availability of some saplings, ...

(KPL) Belt and Road News Network –BRNN- will become the bigger window to provide people around the world an easier access to rich sources of information.The 1st Council Meeting of the Belt and Road News Network (BRNN) was held on April 23 in Beijing, China to discuss and ...

Visiting Prime Minister Thongloun Sisoulith and His Majesty Sultan Haji Hassanal Bolkiah have said they highly value the friendly relations and cooperation between their two countries.The Lao premier made an official two-day visit to Brunei Darussalam from February 16-17 at the invitation of the Bruneian ...

VIENTIANE (Vientiane Times/ANN) – The economic growth rate of Laos is high compared to neighbouring countries and some regional peers, however, this has not seen poverty reduction in the country.The economic growth rate of Laos from 2005 to 2018 averaged around 7.66 percent a year, ...

The Ministry of Finance, on behalf of the government, has officially announced its first trading of government bonds on the Lao Securities Exchange (LSX) in a bid to promote the capital market in Laos.More ...

VIENTIANE (Vientiane Times/ANN) – The Ministry of Post and Telecommunications is planning an Expo to showcase new applications, devices, telecom operators, e-commerce businesses and finance technology as Laos prepares for a digital service industry.Minister of Post and Telecommunications Dr Thansamay Kommasith gave a press conference ...

People’s councils in several provinces met this week to debate hot local topics following the recent conclusion of the National Assembly’s seventh ordinary session.The People’s Council in Savannakhet province began its ordinary mid-year session on Monday and continued yesterday.During the four-day session, council members debated ...

VIENTIANE (Vientiane Times/ANN) – Consumers wanting to purchase local One District, One Product (ODOP) offerings and other quality handmade items now have a convenient retail outlet with the opening of the Laos ODOP Consignment Centre.The centre, located on the first floor of the Vientiane Center ...

Laos and the Republic of Korea (ROK) have signed three memorandums of understanding (MOUs) to further strengthen their cooperation. The MOUs on port management information, intellectual property, technical cooperation and vocational cooperation were signed on the occasion of the bilateral meeting between Lao Prime Minister Thongloun ...

VIENTIANE (Vientiane Times/ANN) – A Lao producer of handmade bowls used for almsgiving hopes to expand into additional lucrative overseas markets after receiving a good reception from customers in Thailand.“We hope to export our copper, bronze, and silver handicrafts to other countries after our products ...

In the past few days, many farmers in some localities in the Mekong Delta are in despair because the rice in the summer-autumn rice in the paddy fields was ripe but harvesters did not have oil to operate. Mr. Giang Van Bao, an owner of a rice harvester ...

The long, winding road to widespread and deep-rooted socio-economic development for the benefit of all people in Laos passed a milestone yesterday with the 2018 holding of the annual Round Table Implementation Meeting of Lao policymakers, stakeholders and partners including the United Nations streamed live ...