Economy and commerce

VIENTIANE (Vientiane Times/ANN) – The continuously weakening value of the Lao kip against the Thai baht has hurt businesses in Laos, especially those engaged in import operations, forcing them to accept a cut in profits.As of September 2, the exchange rate at the Banque pour ...

The Lao government has stressed the need to tighten the management of currency exchange rates amid the widening gap between the official and market rates.In a media release issued at the end of the cabinet’s monthly meeting on August 19, the government said the increasing ...

VIENTIANE (Vientiane Times/ANN) – Although the government has made significant improvements to the business environment in Laos, progress remains slow when compared to the need for trade and investment promotion.This was the message from the Vice President of the Lao National Chamber of Commerce and ...

The Lao Securities Exchange (LSX) has designated Phousy Construction and Development Public Company (PCD) as an “Unfaithful Disclosure” Corporation, after PDC failed to disclose its semi-annual and annual 2018 reports via LSX disclosure portal.The “Unfaithful Disclosure” warning signal will be displayed on the symbol of ...

VIENTIANE (Vientiane Times/ANN) – The cabinet has named the management of currency exchange as one of its top priorities in the coming months, as the gap between the official and market exchange rates widens.According to a media release issued at the end of the cabinet’s ...

VIENTIANE (Vientiane Times/ANN) – Regional demand for crops and livestock remains high but Laos is unable to capitalise on its potential to satisfy the regional market need, according to a senior official.Deputy Minister of Agriculture and Forestry Dr Bounkhuang Khambounheuang recently stressed the need for ...

Laos has launched a new electric vehicle project, joining its neighbors in Southeast Asia where the growth of the EV market is set to boom.Electricite du Laos (EDL) and Vientiane-based EV Lao Company have teamed up for the project, which is designed to compare operating costs between ...

VIENTIANE (Vientiane Times/ANN) – Informative banners have been installed at border crossings to inform travellers about Lao regulations regarding the possession and transportation of currency.The initiative is part of a nationwide awareness-raising campaign conducted by the Anti-Money Laundering Intelligence Office (AMLIO) and Lao Customs in ...

VIENTIANE (Vientiane Times/ANN) – Laos’ economic growth will continue to be driven by the construction of large infrastructure projects and the operation of power plants in the short- to medium-term.The World Bank recently projected that growth in the construction and service sectors would remain robust ...

VIENTIANE (Vientiane Times/ANN) – A large number of Lao businesses that produce goods for the domestic market are at a disadvantage because nothing has been done to control the influx of illegally imported goods.“Many Lao firms are suffering from lost business because they can’t compete ...