Economy and commerce

PHNOM PENH: Japanese optical glass maker Hoya Corp will build a huge plant in Laos to manufacture glass substrates for hard disk drives in response to growing demand from ballooning global data traffic.More ...

(KPL) Representatives of the Ministry of Planning and Investment, the Lao National Chamber of Commerce and Industry (LNCCI) joined in Vientiane those from the private sector to discuss recently implemented regulatory reforms for improving the ease of doing business in the Lao PDR on Thursday.More ...

The government will introduce a single window customs system in the coming weeks to facilitate import and export procedures, which it is envisaged will help to improve the overall business environment.Vehicle importers will be the first group to benefit from the Lao National Single Window ...

VIENTIANE (Vientiane Times/ANN) – The Vientiane Motor Show 2019 at Lao-ITECC from February 22 to March 2 will feature a wide variety of models from leading automakers ready to tempt car buyers.More ...

VIENTIANE (Vientiane Times/ANN) – The Lao National Chamber of Commerce and Industry (LNCCI) is developing a long-term business strategy based on green and sustainable development, to comply with the government’s policy on SME development.More ...

VIENTIANE (Vientiane Times/ANN) – The Bank of the Lao PDR (BOL) plans to resume granting permission for microfinance businesses from March after suspending the clearance of such units in 2017.Entrepreneurs interested in setting up non-deposit taking microfinance businesses, money transfer services, leasing enterprises and pawn ...

VIENTIANE (Vientiane Times/ANN) – The time taken to complete the paperwork to start a new business has been reduced to less than two months, compared to 174 days previously.The new system came into effect on February 1, a senior official from the Enterprise Registration Office ...

VIENTIANE (Vientiane Times/ANN) – The Lao Securities Exchange (LSX) will continue to inform the public about stock market operations through regular cooperation with regional and international partners, to promote development of the stock market.Many Lao people still don’t understand the procedures involved in stock market ...

VIENTIANE (Vientiane Times/ANN) – Lao authorities say there will be no alteration of the import policy on motorbikes including tax rates despite some calls for change with motorbike sales on the wane.“The government’s motorcycle import policy is not changing this year. The import tax as ...

CHAMPASSAK, Laos (Vientiane Times/ANN) – Prime Minister Thongloun Sisoulith has instructed Champassak and other southern provinces to overcome the hurdles and challenges in doing business in order to attract more investment.The meeting discussed the policy of creating an investor-friendly business environment in Laos. Doing business ...