Economy and commerce

VIENTIANE (Vientiane Times/ANN) – The value of Laos’ combined exports and imports in the first quarter of 2019 amounted to 1.53 percent less than during the same period last year, excluding the value of electricity imports and exports.Total trade value in the first three months ...

VIENTIANE (Vientiane Times/ANN) – The Investment Reform Map (IRM) is an important mechanism for the development of investment policies to attract foreign direct investment (FDI) and can assist countries that want to develop and attract investment.Speaking last week at the opening ceremony of a consultation ...

VIENTIANE (Vientiane Times/ANN) – The Bank of the Lao PDR (BOL) is drafting a plan to promote cashless payments and to facilitate and manage money transactions in Laos.Use of e-wallets through the banking system is fast becoming a trend among city dwellers. They pay their ...

VIENTIANE (Vientiane Times/ANN) – The government has called upon the private sector to cooperate with the public sector to enable the country to create a friendly business environment and promote ease of doing business.Unnecessary hurdles are being gradually eliminated, but it is believed that it ...

VIENTIANE (Vientiane Times/ANN) – The Central Committee of the Lao People’s Revolutionary Party has approved a resolution which the government must incorporate in order to sustain economic growth.The committee, which serves as the political decision-making body of the Lao PDR, approved the resolution at the end ...

VIENTIANE (Vientiane Times/ANN) – The Lao and Vietnamese business associations are set to cooperate with each other to promote stable and sustainable growth of the Lao economy as part of their shared goal to achieve prosperity.The Young Entrepreneurs Association of Laos (YEAL) and the Vietnam ...

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 ...

VIENTIANE (Vientiane Times/ANN) Limited procedural knowledge amongst both government authorities and traders at border areas is being blamed as the cause of trade bottlenecks at borders between Laos, Thailand and Vietnam.However, while problems in some areas are well known, a study conducted by the Department ...

VIENTIANE (Vientiane Times/ANN) – Laos has reduced its trade value target including for both imports and exports with South Korea this year compared to the figure for last year after a drop in the annual trade value by both countries.Last year, the trade target for ...

VIENTIANE (Vientiane Times/ANN) – Germany and Australia have provided US$4.5 million to develop locally-run systems that enable impoverished people to more easily access finance.Representatives from the Lao government, Germany and Australia met on May 9 to launch Phase V of the US$4.5 million Access to ...