Economy and commerce

Small and medium enterprises (SME)

Govt to push businesses to boost production for Chinese market

The government is set to hold talks with business operators to encourage them to produce more of the goods required by Chinese buyers. The government’s plan to promote commercial production associated with the Laos-China railway, which is scheduled to come into service next month, to ...

World Bank highlights opportunities and challenges for Lao economy

The Lao economy is projected to steadily recover in the medium-term, but growth will remain below pre-pandemic levels at 4.5 percent in 2022. The Lao economy is projected to grow at 3.6 percent, down from the 4 percent growth anticipated in March 2021. The main risks ...

Somsack Pongkhao

Lao PDR: Economy Recovers then Falters Again under COVID-19

The Lao economy is on course for moderately improved growth in 2021, despite the second wave of COVID-19 denting the promising economic recovery made early in the year. The World Bank’s latest Economic Monitor for Lao PDR — A Path to Recovery —predicts that GDP ...

KPL

Lao National Single Window to ease imports, exports at international borders

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 ...

Souksakhone Vaenkeo

Laos to Build Two Coal-Fired Plants in Xekong Province

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 ...

Latsamy Phonevilay

Laos' trade deficit reaches US$78mil in December 2020

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 Star

Laos to Develop Solar Power for Export in Champasack Province

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 ...

Phayboune Thanabouasy

Lao exports to Vietnam increase despite COVID-19 pandemic

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 ...

huaxia

Laos, Vietnam trade growing contributor to domestic economy

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 ...

News Desk

Government bonds to be traded on Lao Securities Exchange in December

VIENTIANE (Vientiane Times/ANN) – The government has announced a new bond offering worth more than 1,287 billion kip ($142 million) for the Lao Securities Exchange (LSX) this month.Following the previous bond offering worth 1,700 billion kip in September, bonds worth 412.57 billion kip were sold ...

News Desk

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