Investment

Foodpanda, the on-demand international food delivery service, has officially launched in Laos with over 300 restaurants on board.Heading to the capital first to open a world of exciting flavors to the residents of Vientiane, Foodpanda’s fleet of pink riders will bring meals from over 300 restaurants straight ...

VIENTIANE (Vientiane Times/ANN) – The growth rate of factories in Laos is continuing to moderate despite the government improving its policies and regulations to attract investors.The number of factories has grown by just 5 percent annually, according to statistics collected by the Department of Industry ...

VIENTIANE (Vientiane Times/ANN) – The 18 winners of the Asean Business Awards (ABA) Laos 2019 were officially acknowledged as talented economic players with great potential for domestic business expansion as well as within the Asean business community.Deputy Prime Minister and Minister of Finance Mr Somdy ...

VIENTIANE (Vientiane Times/ANN) – The Lao National Chamber of Commerce and Industry is conducting an assessment of the ways in which the provinces and Vientiane facilitate investment and trade, under Phase 2 of the ProFIT project.The project surveys and evaluates how the business sector benefits ...

VIENTIANE (Vientiane Times/ANN) – Savannakhet provincial authorities have announced the removal of all inspection checkpoints along main roads to speed the transport of freight and exports.Provincial governor Santiphab Phomvihane last week issued an executive order to remove the checkpoints – the latest move to improve ...

International hotel and resort chain Hilton has announced its plan to open the company’s first hotel chain in the Lao capital Vientiane, marking the latest move by several global hotel brands that are flocking to the landlocked country hoping to benefit from its rapidly growing tourism sector.Hilton ...

VIENTIANE (Vientiane Times/ANN) – A Lao delegation joined the Hunan International Cultural Tourism Festival 2019 last weekend to promote cooperation between the two nations in tourism, trade and investment.Deputy Minister of Information, Culture and Tourism, Mr Savankhone Razmountry led the delegation and was joined by ...

VIENTIANE (Vientiane Times/ANN) – Authorities in Savannakhet province have streamlined procedures that significantly shorten the time required to get a permit to start a business.Investment permits for uncomplicated concession projects can be issued within 15 days instead of 65 days as previously required, according to ...

VIENTIANE (Vientiane Times/ANN) – The State Enterprise for Agricultural Service (SAS) of Laos has inked an agreement with China’s Guangzhou Zhongheyuan Agriculture Development Co., Ltd. (GZAD) and UAB Global Ltd (UAB) of Hong Kong for cooperation in investments in the agricultural industry and market development.The ...

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 ...