Economy and commerce
World Bank highlights opportunities and challenges for Lao economy
The Lao economy is projected to steadily recover in the medium-term, but growth will remain below pre-pandemic levels at 4.5 percent in 2022. The Lao economy is projected to grow at 3.6 percent, down from the 4 percent growth anticipated in March 2021. The main risks ...
Somsack Pongkhao
Lao PDR: Economy Recovers then Falters Again under COVID-19
The Lao economy is on course for moderately improved growth in 2021, despite the second wave of COVID-19 denting the promising economic recovery made early in the year. The World Bank’s latest Economic Monitor for Lao PDR — A Path to Recovery —predicts that GDP ...
KPL
China Remains the Largest Foreign Investor in Laos
China remains the largest foreign investor in Laos, undertaking a total of 813 projects worth USD 16 billion. “China also plays a significant role in special economic zone investments, with the Lao government having authorized 89 projects worth over USD 215 million,” Mr. Sonexay Siphandone ...
Phayboune Thanabouasy
NA’s extraordinary session opens for national agenda debate
The first extraordinary session of the National Assembly (NA)’s ninth legislature kicked off on Thursday to debate measures to address financial and economic difficulties and suppress the use of narcotic drugs. The premier pledged that the government would be decisive, transparent and professional in implementing ...
Souksakhone Vaenkeo
Banks, financial institutes ordered to defer principal and interest payments
The Bank of the Lao PDR has issued a decision ordering commercial banks and micro-financial institutes to postpone for three months – from May – deadlines for principal and interest payments for those who have borrowed loans for living expenses. The decision, dated May 13, 2021, ...
KPL
Lao National Single Window to ease imports, exports at international borders
The Lao National Single Window (LNSW) – a unique computerised platform – is now fully in force to simplify and streamline the import, export, and transit of all goods and cargo at all international borders and airports in Laos.The Ministry of Finance recently issued a ...
Souksakhone Vaenkeo
Laos to Build Two Coal-Fired Plants in Xekong Province
Laos is to construct two new coal-fired power plants in southern Laos with the aim of selling more electricity to Cambodia.Vientiane Times reports that the construction of two coal-fired power plants is to commence at the end of this year in Xekong Province.The two plants are to ...
Latsamy Phonevilay
Laos' trade deficit reaches US$78mil in December 2020
Laos recorded a trade deficit of US$78mil in December 2020, according to the latest information from the Lao people’s Democratic Republic Trade Portal website.Laos’ export during December were worth US$468 million, while the value of import was US$546 million, said the report.Keep reading ...
The Star
Laos to Develop Solar Power for Export in Champasack Province
The LaotianTimes- The Government of Laos has signed an agreement with Muang Khong Clean Energy to build a solar power plant at Khong District, Champasack Province. The project has now completed a feasibility study, and will become the first installation in Laos to export solar ...
Phayboune Thanabouasy
Lao exports to Vietnam increase despite COVID-19 pandemic
Xinhua- In 2019, the export value from Laos to Vietnam in the first nine months was 757.4 million U.S. dollars, which increased to almost 758 million U.S. dollars, according to the Lao Ministry of Industry and Commerce. Vietnam remained Laos’ third-largest trading partner and third-largest foreign ...
huaxia
