Economy and commerce

VIENTIANE (Vientiane Times/ANN) Champassak province’s economy saw growth of 8.15 per cent in 2018, 0.02 per cent more than the figure of 8.13 endorsed by the National Assembly.Gross Domestic Product (GDP) hit 19,142 billion kip or 115.63 percent of the 2018 target of 16,554 billion ...

The government has discussed policies and approved priorities for this year as it attempts to steer the country on a path of sound economic growth.According to a media release from the Prime Minister’s Office, the monthly government meeting, which took place on January 24 and ...

VIENTIANE (Vientiane Times/ANN) – Prime Minister Thongloun Sisoulith told the business sector that the government will take into consideration all recommendations and legitimate comments from them and the public before drawing up business promotion policies. The premier made the comment on Wednesday at the annual meeting of ...

VIENTIANE (Vientiane Times/ANN) – Investors and business operators in Laos will no longer find it so difficult to register their enterprise after the Ministry of Industry and Commerce unveiled a new plan that will cut the registration time to 10 working days. Minister of Industry and ...

(KPL) Many local residents and foreigners turned out at Chao Anouvong Park on Jan 23 for the 14th Lao Food Festival which has drawn more than 180 booths of local and foreign cuisines, agricultural products and handicrafts.Scheduled for Jan 23-26, starting from 8:00 am to 10.00 ...

VIENTIANE (Vientiane Times/ANN) – The government is now officially rolling out the Lao National Single Window (LNSW) system to regulate the import of vehicles at the first Lao-Thai Friendship Bridge in Vientiane.The system is part of efforts to streamline import and export procedures and make ...

Lao authorities have reduced import tariffs on 8,536 items to zero as part of national efforts in establishing the Asean Free Trade Area, according to a government report. More ...

(KPL) M-Point Mart has joined hands with the Thai Mini Big C franchises turning itself into a convenient store franchise to meet greater demand of customers in Vientiane Capital.The partnership is expected to create 500 jobs for local people thus generating incomes for local communities, and ...

VIENTIANE (Vientiane Times/ANN) – The Lao Chemical Import and Export Joint Venture Company plans to invest US$90 million within five years to supply chemical products to various sectors in Laos.The newly opened firm has divided its business operations into three phases and launched its action ...

(KPL) Economic growth in the Lao PDR is estimated at 6.5 per cent in 2018 down from 6 9 per cent in 2017, in part due to the adverse impact of the recent widespread floods.The construction of infrastructure, export of electricity, and service sector have ...