Economy and commerce

VIENTIANE (Vientiane Times) – Laos needs about 27 per cent of Gross Domestic Product (GDP) for development in 2020 to ensure the country’s steady economic growth.Of this amount, 4,750 billion kip, or 10.2 percent of the total, will be taken from the domestic budget, Deputy ...

VIENTIANE (Vientiane Times) – Laos’ central bank will tackle challenges to ensure the stability of the kip and prevent it weakening further against the Thai baht, and ensure the rate of inflation stays below 5 per cent.Responding to questions about currency management from National Assembly ...

VIENTIANE (Vientiane Times) – Eight leading companies from the South Korea are hoping to expand their market and business opportunities in Laos by selling their products here or finding business representatives in Laos.Business operators from the two countries met for talks in Vientiane last week ...

VIENTIANE (Vientiane Times/ANN) – The government has instructed dealers who import and sell vehicles to present their documents to the Department of Import and Export of the Ministry of Industry and Commerce no later than November 29.If a company fails to present their documents they ...

VIENTIANE (Vientiane Times/ANN) – Prime Minister Thongloun Sisoulith has agreed with the concept of establishing a special taskforce committee, to address unresolved issues relating to the improvement of the business climate.The premier expressed his support for the creation of a special working group at the ...

VIENTIANE (Vientiane Times/ANN) – Laos has registered a trade surplus of US$178 million in the first nine months (as of the end of the third quarter) of the year, although money transfers are below target.The value of Laos’ combined exports and imports in the third ...

VIENTIANE (Vientiane Times/ANN) – Lao companies impressed their peers with a strong outcome at the Asean Business Awards (ABA) Gala Night 2019 – an annual event initiated by the Asean Business Advisory Council in 2007 and held every year since to recognise outstanding enterprises across ...

VIENTIANE (Vientiane Times/ANN) – The implementation of the 2019 socio-economic and state budget plans has encountered many difficulties across Laos, a Deputy Prime Minister told the opening ceremony of the National Assembly session yesterday morning.Dr Sonexay Siphandone, who is also Minister of Planning and Investment, ...

Prime Minister Thongloun Sisoulith yesterday expressed optimism that economic growth would recover in the near future, saying the current stagnation was necessary because the government was attempting to put the economy on a sustainable path.“The slower growth of the economy is necessary because the economic ...

VIENTIANE (Vientiane Times/ANN) – Authorities in Vientiane intend to promote the use of Lao-made goods and encourage the cultivation of organically farmed agricultural produce in the capital to create jobs and generate income.These issues were discussed at a meeting held on Saturday at the Vientiane ...