Economy and commerce

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

Central bank expects more investment in securities market

VIENTIANE (Vientiane Times/ANN) – Lao enterprises will find it easier to use the securities market as a platform to mobilise investment after the National Assembly approves the amended Law on Securities, according to the top official of the Bank of the Lao PDR.The central bank ...

Ekaphone Phouthonesy

Lao-Chinese joint venture to produce pharmaceutical drugs

VIENTIANE (Vientiane Times/ANN) – A Lao-Chinese joint venture company is planning to establish a pharmaceutical industrial park in Vientiane.Various kinds of medicinal products are expected to be manufactured to supply future demand and reduce imports.Chairman of the Golden Wisdom Hong Kong Company, Mr Zhang Chongdi, ...

News Desk

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

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