Economy and commerce
Small and medium enterprises (SME)
Laos' rice exports expected to fall following 2018 floods
VIENTIANE (Vientiane Times/ANN) – Laos is anticipating reduced income from rice exports in 2019 in the wake of widespread flooding across the country last year.The country set a target of US$45.6 million for rice exports last year but could only achieve US$31.4 million, according to ...
News Desk
Laos eyes increased exports to China, drop in imports
VIENTIANE (Vientiane Times/ANN) – Lao exports to China this year are expected to increase to US$1,510 million, while imports will decline to US$985 million, according to the latest projections from the Ministry of Industry and Commerce.Last year, Laos planned to earn US$1,478 million from exports ...
News Desk
Vientiane Center Lao Public Company Launches Its Initial Public Offering
(KPL) Vientiane Center Lao Public Company has launched its Initial Public Offering (IPO) for local and foreign buyers.Wednesday’s launch witnessed the presence of LSX Secretary General Saysamone Chanthachack and representatives of business community.The public company will sell up to 63.9 million shares at a price ...
KPL
Champassak to host Intellectual Property Fair
CHAMPASSAK, Laos (Vientiane Times/ANN) -The Ministry of Science and Technology held a press conference last Friday to announce the programme of the Intellectual Property Fair 2019 which will take place in Champassak province from April 24-28.The fair will feature about 162 booths promoting Laos and ...
Phetphoxay Sengpaseuth
Border trade, price checks to continue during Pi Mai holiday
VIENTIANE (Vientiane Times/ANN) – The price of food products will be controlled during the Lao New Year (Pi Mai Lao) holiday and all international borders will continue their import and export services over this period.Services at international border crossings will not be disrupted during the ...
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Secretariat proposes government-wide approach to facilitate trade
VIENTIANE (Vientiane Times/ANN) – The Trade Facilitation Committee Secretariat (TFCS) is proposing the forming of trade implementation units in various ministries that are assigned as members of the secretariat to assist with its work and budget planning.The proposal will be put to the government for ...
News Desk
Lao govt to strive for imports, exports to value US$11.29 billion in 2019
VIENTIANE (Vientiane Times/ANN) – The government will strive to achieve imports and exports of more than US$11 billion this fiscal year, including exports of US$5.516 billion and imports of US$5.775 billion.These figures were outlined on Tuesday at the annual meeting in Vientiane of the industry ...
News Desk
Laos accelerating efforts to facilitate trade: DPM
VIENTIANE (Vientiane Times/ANN) – Laos is in need of intensive cooperation amongst all parties concerned to promote various key measures to boost its world ranking in ease of doing business after the government was unable to meet its target.Last year, the government had committed to ...
News Desk
Thai food company eyes larger share of market in Laos
VIENTIANE (Vientiane Times/ANN) – Thailand’s Heritage Snack & Food Company Limited is eyeing a larger share of the market in Laos after having exported its products to this region for several years.“We started the import of healthy food products under the Heritage brand, such as ...
Souksamai Boulom
Women’s business achievements put in the spotlight
VIENTIANE (Vientiane Times/ANN) – Laos is now seeking ways to increase the number of businesswomen as part of the government’s effort to promote female entrepreneurship and offer opportunities for them to showcase and share achievements of women-owned businesses.To this end, the SME Service Centre (SSC) ...
News Desk