Economy and commerce

New equipment to ease business registration in Laos

VIENTIANE (Vientiane Times/ANN) – It will now be easier for business operators in Laos, especially in seven provinces, to register their firms following the installation of modern equipment at business registration points.The equipment, worth more than 680 million kip, was handed over to the Enterprise ...

Souksamai Boulom

Vietnamese investment eyes hopeful Lao future despite recent setbacks

VIENTIANE (Vientiane Times/ANN) – Laos and Vietnam are continuing to cooperate on future investment projects in Laos in spite of a recent slowdown compared to previous years.One of the major projects is the construction of the Nongkhang airport in Xamneua district, Huaphan province; the Laos-Vietnam ...

News Desk

Laos, Vietnam trade growing contributor to domestic economy

VIENTIANE (Vientiane Times/ANN) – The combined trade value of imports and exports between Laos and Vietnam in eleven months of this year achieved US$1,038 million, a rise of 12.28 per cent compared to the same period last year.The bilateral trade figure is expected to reach ...

News Desk

Laos, USA cooperate on business environment improvement

VIENTIANE (Vientiane Times/ANN) – Private sector conditions in Laos are likely to improve following the launch of the New Laos Business Environment Project by the Ministry of Industry and Commerce and United States of America.The project will provide capacity building and advisory services aimed at ...

Souksamai Boulom

Service sector’s contribution to economy still not enough in Laos

VIENTIANE (Vientiane Times/ANN) – While there has been steady growth in services, authorities are concerned the sector’s contribution to the economy is insufficient given that most of the supporting inputs are imports.This year the government had expected the service sector to grow at about seven ...

News Desk

Government bonds to be traded on Lao Securities Exchange in December

VIENTIANE (Vientiane Times/ANN) – The government has announced a new bond offering worth more than 1,287 billion kip ($142 million) for the Lao Securities Exchange (LSX) this month.Following the previous bond offering worth 1,700 billion kip in September, bonds worth 412.57 billion kip were sold ...

News Desk

LVMC (Kolao) Acquires GMS Trading in Laos, Eyes New Business

LVMC Holdings, formerly known as Kolao Holdings, has announced that it acquired 100 percent shares in GMS Trading Sole in Laos for USD 357,623. The move is aimed at pursuing “new business,” the company explained without providing further details.GMS Trading enjoys businesses in real-estate development ...

Taejun Kang

Public, private sectors address Japanese business constraints in Laos

VIENTIANE (Vientiane Times/ANN) – Representatives of the public and private sectors from Laos and Japan met in Vientiane on Monday to discuss addressing constraints for Japanese firms doing business in Laos.They met for the 13th annual meeting of the Lao-Japan Public and Private Sectors Joint Dialogue ...

Somxay Sengdara

General public seeking salary hike amid growing inflation

VIENTIANE (Vientiane Times/ANN) – The general public wants the National Assembly (NA) to push the government to increase salaries for officials to keep pace with the rising cost of living, according to a senior NA official.Speaking at the end of the NA conference on Friday, NA ...

Ekaphone Phouthonesy

Vietnam-Laos trade hits 940 million USD in ten months

Hanoi (VNA) – Trade cooperation was a spotlight of the Vietnam-Laos relationship in the first ten months of this year, with revenue reaching 940 million USD.The figure was unveiled at a meeting of permanent Cabinet members in Hanoi on December 7 under the chair of Prime Minister Nguyen ...

VNA News Desk

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