Economy and commerce
Small and medium enterprises (SME)
New service charter planned to ease cross-border trade for Laos
VIENTIANE (Vientiane Times/ANN) – The Ministry of Industry and Commerce plans to introduce a new service charter to reduce the time it takes to authorise imports and exports, as part of efforts to improve the business climate.The ministry’s Import and Export Department said in a ...
Ekaphone Phouthonesy
LNCCI postpones Made in Laos Fair until July
VIENTIANE (Vientiane Times/ANN) – The Lao National Chamber of Commerce and Industry (LNCCI) has postponed the Made in Laos 2019 Fair until July 20-28 after a fire damaged Lao-ITECC where the event was scheduled to take place from May 10-19.A fire broke out on the ...
Phetsamone Chandala
Laos’ trade deficit increases in first quarter of 2019
VIENTIANE (Vientiane Times/ANN) – The value of Laos’ combined exports and imports in the first quarter of 2019 amounted to 1.53 percent less than during the same period last year, excluding the value of electricity imports and exports.Total trade value in the first three months ...
News Desk
Border bottlenecks hinder Lao imports: Study
VIENTIANE (Vientiane Times/ANN) Limited procedural knowledge amongst both government authorities and traders at border areas is being blamed as the cause of trade bottlenecks at borders between Laos, Thailand and Vietnam.However, while problems in some areas are well known, a study conducted by the Department ...
News Desk
Laos lowers target for trade value with South Korea
VIENTIANE (Vientiane Times/ANN) – Laos has reduced its trade value target including for both imports and exports with South Korea this year compared to the figure for last year after a drop in the annual trade value by both countries.Last year, the trade target for ...
News Desk
Made in Laos fair postponed to July after fire damages venue
The 10-day Made in Laos exhibition, which was set to open on Friday morning, will now take place in July after a fire broke out at the Lao International Trade Exhibition and Convention Centre (Lao-ITECC) and engulfed over 20 stalls.Close to 400 stalls had been ...
Phomphong Laoin
Laos lowers target for earnings from sugar exports
VIENTIANE (Vientiane Times/ANN) – Laos has reduced its target for earnings from sugar exports compared to the figure for last year after a drop in annual revenues from exports of the commodity.Last year, the target for sugar exports was US$92.4 million, but total earnings amounted ...
Khamphone Syvongxay
TOHLAO, Lao Telecom help build startup businesses
VIENTIANE (Vientiane Times/ANN) – TOHLAO, in cooperation with Lao Telecommunication Public Company (Lao Telecom), has initiated an enterprise aimed at helping young, Lao startup entrepreneurs to utilise digital technologies to achieve their full business potential.The two companies expect to see an increase in the use ...
News Desk
Made in Laos 2019 to showcase nation’s export potential
VIENTIANE (Vientiane Times/ANN) – Laos is hoping to raise the profile of domestic products in regional and international markets through the annual Made in Laos Fair with a focus on trade, business-matching and training sessions.This year, the 6th Made in Laos will take place at ...
News Desk
Lao PM orders inspection of procedures at border crossings
VIENTIANE (Vientiane Times/ANN) – Prime Minister Thongloun Sisoulith has called for the formation of a taskforce to carry out checks at border crossings in a bid to facilitate cross-border trade and services, while plugging revenue leaks.The premier issued the instruction as part of the government’s ...
Souksakhone Vaenkeo