Economy and commerce

VIENTIANE (Vientiane Times/ANN) – The management of the Lao currency is being moderately implemented across the country and it is stable as the rate of inflation stands at 1.5 per cent. However, the National Assembly (NA) has given the government the task of bringing the currency ...

VIENTIANE (Vientiane Times/ANN) – The business environment is expected to improve dramatically in the coming years as the government intensifies action to better facilitate business, Prime Minister Thongloun Sisoulith has told the National Assembly.The premier was responding to a question raised by members of parliament ...

VIENTIANE (Vientiane Times/ANN) – Laos is hoping that its ranking in the global ease of doing business (EODB) index will improve after the government rolls out measures to drive the economy forward by simplifying business operations.In 2019, only Myanmar ranked lower than Laos amongst the ...

VIENTIANE (Vientiane Times/ANN) – The State Enterprise for Agriculture Service (SAS) has agreed to partner with the Wanma International Import and Export Trading Co., Ltd. of China to develop agricultural production in Laos for domestic consumption and export.The agreement was signed in Vientiane last week ...

VIENTIANE (Vientiane Times/ANN) – The US-China trade war has yet to impact upon trade between Laos and China, a Chinese diplomat has confirmed.Speaking to Lao media in Vientiane on Thursday, Chinese Ambassador to Laos Jiang Zaidong said the trade cooperation between the two countries continued ...

The government has removed some export businesses from its list of controlled businesses as part of efforts to boost the export of Lao goods to foreign markets, according to the Ministry of Industry and Commerce.The ministry announced recently that the government no longer regarded the ...

VIENTIANE (Vientiane Times/ANN) – The government will accelerate lending through the banking sector to boost local businesses so they become more competitive and create export opportunities.Authorities are planning to increase business lending to around 55 percent of GDP by the end of the year, up ...

LUANG NAMTHA, Laos (Vientiane Times/ANN) – Just 10 years ago, the border town of Boten in Luang Namtha province was a bustling town of neon lights, cashed up tourists and thriving businesses that centered on a casino and gambling dens that drew thousands of Chinese ...

VIENTIANE (Vientiane Times/ANN) – Laos’ combined exports and imports for this year are struggling to achieve the target after figures for the first four months of the year reached only 22.7 per cent of the plan for 2019, the National Assembly (NA) reported.“The NA approved ...

VIENTIANE (Vientiane Times/ANN) – The European Chamber of Commerce and Industry in Laos (ECCIL) has launched a 2019 White Paper that provides detailed information on the Lao economy which it hopes will attract more EU investment in the country.Speaking at a press conference last Wednesday, ...