Economy and commerce

On the 3rd of July, President of the South Korean Association of Arts and Culture Dr Yu Hian Suk and her delegation met with Acting Party Head of Xiengkuang Province Bounthon Chanthaphone to discuss the possibility of establishing a strawberry farm in Xiengkuang.More ...

The government will adopt a policy of issuing domestic bonds in the local currency to avoid risks linked to the exchange rate and to strengthen the domestic capital market. Under this policy, the payment of interest will be made to internal bond holders, which should ...

(KPL)  The Annual Round Table Meeting for the Mid-Term Review of the Implementation of the 8thNational Socio-Economic Development Plan and progress in sustainable development and effective development cooperation will take place in Vientiane at the end of November 2018.More ...

EPOCH Toys (Lao) Ltd., the leading toys company behind Sylvanian Families, which are distributed in over 60 countries around the world opened a new factory in Laos.More ...

VIENTIANE, June 28 (Xinhua) — Laos has begun to witness improvements in non-resource exports amid declining mining output and a government policy to boost growth in the manufacturing sector, local daily Vientiane Times on Thursday quoted a World Bank report as saying.More ...

The government cabinet has announced improved policies to enable small and medium enterprises (SMEs) to access more finance to grow their businesses and boost production. The announcement was the outcome of the cabinet’s monthly meeting for June convened this week at the Prime Minister’s Office. More ...

ACLEDA Bank Lao announced yesterday launched its new “ACLEDA Unity Thanchai” mobile phone banking service. A virtual ‘bank in your hand,’  it provides a convenient and secure way to manage all daily banking transactions anytime and anywhere. It is available in both Lao and English languages and handles transactions in LAK (Lao ...

Upon reaching the agreement with Oriental Co., Ltd., the government has conducted a feasibility study on the construction of Lao-style Complex Resort, cost USD 3 billion. The government will hold 20% business share. The key purpose of this project is to recreate a new attraction ...

The nation’s government cabinet has ordered ministries and sectors to take immediate action to efficiently implement measures it presented to the National Assembly (NA) earlier this month in order to stimulate the economy. According to eight core measures, the government will strive to continue ...

LAOS IS STILL grappling with several challenges and pending issues impeding macroeconomic development despite robust expansion of the country’s economy when compared to regional peers.Macroeconomic instability remains a worry even though Laos’s economic growth rate has been relatively high compared to that of other Asean ...