Economy and commerce

The Bank of the Lao PDR has issued a decision ordering commercial banks and micro-financial institutes to postpone for three months – from May – deadlines for principal and interest payments for those who have borrowed loans for living expenses.  The decision, dated May 13, 2021, ...

The Lao National Single Window (LNSW) – a  unique computerised platform – is now fully in force to simplify and streamline the import, export, and transit of all goods and cargo at all international borders and airports in Laos.The Ministry of Finance recently issued a ...

Laos is to construct two new coal-fired power plants in southern Laos with the aim of selling more electricity to Cambodia.Vientiane Times reports that the construction of two coal-fired power plants is to commence at the end of this year in Xekong Province.The two plants are to ...

Laos recorded a trade deficit of US$78mil in December 2020, according to the latest information from the Lao people’s Democratic Republic Trade Portal website.Laos’ export during December were worth US$468 million, while the value of import was US$546 million, said the report.Keep reading  ...

The LaotianTimes-  The Government of Laos has signed an agreement with Muang Khong Clean Energy to build a solar power plant at Khong District, Champasack Province. The project has now completed a feasibility study, and will become the first installation in Laos to export solar ...

Xinhua- In 2019, the export value from Laos to Vietnam in the first nine months was 757.4 million U.S. dollars, which increased to almost 758 million U.S. dollars, according to the Lao Ministry of Industry and Commerce. Vietnam remained Laos’ third-largest trading partner and third-largest foreign ...

(Vientiane Times)- The government has pledged to remove barriers and further improve the business climate in a bid to attract more investment from Laos and foreign countries.Addressing the National Assembly on Monday, Deputy Prime Minister and Minister of Planning and Investment, Dr Sonexay Siphandone said ...

VIENTIANE (Vientiane Times/ANN) – It will now be easier for business operators in Laos, especially in seven provinces, to register their firms following the installation of modern equipment at business registration points.The equipment, worth more than 680 million kip, was handed over to the Enterprise ...

VIENTIANE (Vientiane Times/ANN) – Laos and Vietnam are continuing to cooperate on future investment projects in Laos in spite of a recent slowdown compared to previous years.One of the major projects is the construction of the Nongkhang airport in Xamneua district, Huaphan province; the Laos-Vietnam ...

VIENTIANE (Vientiane Times/ANN) – The combined trade value of imports and exports between Laos and Vietnam in eleven months of this year achieved US$1,038 million, a rise of 12.28 per cent compared to the same period last year.The bilateral trade figure is expected to reach ...