Economy and commerce

VIENTIANE (Vientiane Times/ANN) – The government will introduce strict measures to regulate the import of consumer goods and bolster domestic production, in an attempt to reduce imports and cut capital flow to other countries.A surge in both legally and illegal imported goods from neighbouring countries ...

VIENTIANE (Vientiane Times/ANN) – Laos and Chile are aiming to strengthen business and trade cooperation following the local business community’s official welcome for the Ambassador of Chile to Laos, Mr Jaime Chomali, in Vientiane on Tuesday.Vice President of the Lao National Chamber of Commerce and ...

VIENTIANE (Vientiane Times/ANN) – Lao business startups and entrepreneurs have the chance to grow their operations by getting together with international investors,” said the organiser of a Startup and Angels event.The networking event was held in Vientiane on Wednesday and attended by foreign investors, local ...

VIENTIANE (Vientiane Times/ANN) – Laos’ first ride-hailing service LOCA and the Vientiane Minivan Association have partnered in the upgrade of the minivan service in Laos.An agreement was signed in Vientiane on Monday between LOCA founder Mr Souliyo Vongdala and President of the Vientiane Minivan Association, ...

(KPL) Krungsri Bank, a Thai commercial bank, has launched Krungsri Blockchain Interledger to ensure an easy and real-time money transfer between Laos and Thailand.“Krungsri Blockchain Interledger is a real-time service of international funds transfer between the Lao PDR and Thailand for SMEs. With cutting-edge service, ...

VIENTIANE (Vientiane Times/ANN) – The Lao Top 3 Expo, Laos’ biggest international 3-in-1 expo is back for the fourth edition to support growth of the building, construction and infrastructure sector, and the food and beverage and hospitality industry.The expo will be held at the National ...

VIENTIANE (Vientiane Times/ANN) – The National Economic Research Institute has a new chief with Acting Director General of the National Economic Research Institute, Dr Leeber Leebouapao, appointed to the post of Director General to replace the retiring Mr Bouasone Bouphavanh.An official announcement of the appointment ...

VIENTIANE (Vientiane Times/ANN) – Laos produces several well-known items, but local people have little interest in buying these products and eschew them in favour of imported goods.It will be a challenge to persuade people to change their ways as they have become accustomed to seeing ...

VIENTIANE (Vientiane Times/ANN) – The growth rate of factories in Laos is continuing to moderate despite the government improving its policies and regulations to attract investors.The number of factories has grown by just 5 percent annually, according to statistics collected by the Department of Industry ...

Laos’s first ride-hailing service LOCA has signed a cooperative agreement with Vientiane-based insurance firm Lanexang Assurance Public Company in a move to enhance the protection standard of the service.With the agreement, two companies will start providing standard insurance coverage for LOCA service, while exploring healthcare for ...