China-indebted Laos way more broke than advertised

Laos’ public debt could climb to nearly 95% of GDP by the end of 2022, making it one of the most heavily indebted and mostly likely to default nations in Asia, according to World Bank estimates published this month.Significantly, the World Bank’s already dire debt ...

DAVID HUTT

Laos Government Allows Foreign Legal Businesses to Survey Land

A recent announcement from the ministry states that the Decision applies to individuals, legal entities, and organizations being operated in Laos by foreigners, stateless persons, and foreign-Lao nationals. Lao nationals can conduct land use rights business, land surveying services, land price evaluation, and other land-related services ...

Manyphone Vongphachanh

Ministry gives green light to gold mining operation

The government has authorised a local company to mine gold ore on a 18.28 square-kilometre site over a period of 20 years. The company will invest about US$46 million in the mining operation and build an international standard factory on the site. The company has ...

Times Reporters

Korean Investment Sought in That Luang Lake Special Economic Zone

Korean real estate investment firm D&C Mineun held a week-long promotional seminar in Vientiane from 13 to 16 November where investors could discuss business opportunities within the That Luang Lake Special Economic Zone. Tax breaks and other incentives have been promised by the government of ...

Latsamy Phonevilay

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

GoL and " the 3 Opens" Policy

(Vientiane Times)- The government has pledged to remove barriers and further improve the business climate in a bid to attract more investment from Laos and foreign countries.Addressing the National Assembly on Monday, Deputy Prime Minister and Minister of Planning and Investment, Dr Sonexay Siphandone said ...

Somsack Pongkhao

Chinese company explores business opportunities in Laos

VIENTIANE (Vientiane Times/ANN) – A food and beverage company from China – Hainan Pinxiang Foodstuff Company Limited – is hoping to expand its market to Laos, initially focusing on Vientiane.The company showcased some of its wares at the Economic and Technological Exhibition for Lancang-Mekong Cooperation ...

Souksamai Boulom

Thai companies eye food business opportunities in Laos

VIENTIANE (Vientiane Times/ANN) – The Thai companies PTT (Lao) Co., Ltd. and Zixgar Group Ltd. are looking at food business opportunities in Laos with a focus on travellers and office workers as their main customers.This sector is particularly appealing after the explosion in the number ...

Souksamai Boulom

Hoya to build HDD glass substrate plant in Laos

PHNOM PENH: Japanese optical glass maker Hoya Corp will build a huge plant in Laos to manufacture glass substrates for hard disk drives in response to growing demand from ballooning global data traffic.More ...

KYODO NEWS

KBank eyes business expansion in Laos

As part of the key strategy to expand businesses within AEC+3, KBank is now ready to tap into Lao PDR through numerous services and local partnership arrangements, the company said in a press release issued on Friday.For 2019, targets have been set to bolster loans ...

The Nation

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