Economy and commerce

Small and medium enterprises (SME)

Laos to use single window system to regulate vehicle imports

VIENTIANE (Vientiane Times/ANN) – The government is now officially rolling out the Lao National Single Window (LNSW) system to regulate the import of vehicles at the first Lao-Thai Friendship Bridge in Vientiane.The system is part of efforts to streamline import and export procedures and make ...

News Desk

Laos eliminates tariffs on most Asean goods

Lao authorities have reduced import tariffs on 8,536 items to zero as part of national efforts in establishing the Asean Free Trade Area, according to a government report. More ...

Ekaphone Phouthonesy

Laos vows to closely monitor loans to SMEs

VIENTIANE (Vientiane Times/ANN) – The government is closely monitoring the management of loans given to small and medium-sized enterprises (SMEs) to ensure they are used wisely and profitably. Speaking at the annual meeting of the finance sector earlier this month, Prime Minister Thongloun Sisoulith said the ...

News Desk

Thailand invites Lao business operators to trade fairs

VIENTIANE (Vientiane Times/ANN) – The Department of International Trade Promotion, Thai Ministry of Commerce, in collaboration with The Federation of Thai Industries introduced the Bangkok RHVAC 2019 and Bangkok E&E 2019 fairs to Lao entrepreneurs in the hope of attracting more visitors from Asean countries.The ...

News Desk

Lao Real Estate Expo 2019 To Be Held In March

(KPL) The Laorealestate.la Expo 2019, the first of its kind, will be held at the Don Chan Palace Hotel on 1st and 2nd of March with more than 40 property companies expected to join the event.More ...

KPL

Laos eyes broader horizons for furniture makers

VIENTIANE (Vientiane Times/ANN) – The fair is held annually to boost productivity and to expand market access for Lao furniture makers.The Lao Furniture Association is hoping that the Lao Wood Furniture Fair taking place at Lao-ITECC in Vientiane from January 12-20 will boost the sale of ...

News Desk

Laos-Vietnam trade cracks US$1 billion mark

VIENTIANE (Vientiane Times/ANN) – The combined trade value of imports and exports between Laos and Vietnam shot up by 13 percent in 2018, crossing the US$1 billion mark, officials from the two countries announced.The figure was reported at the 41st session of the Laos-Vietnam Inter-Governmental ...

News Desk

Procedures improved for cross-border trade

VIENTIANE (Vientiane Times/ANN) – Trading across borders has been eased and quickened thanks to the improvement of the procedures involved, the Ministry of Industry and Commerce says in a report.The improvements are the result of the government’s efforts to create a more business-friendly environment.More ...

Souksakhone Vaenkeo

Govt merges two special trading areas

Businesses operating in a border trade area at a Lao-Vietnamese border crossing in Savannakhet province will soon be offered special tax and non-tax incentives as in special economic zones. “Enterprises operating in the Ban Dansavan border trade area will receive the same tax and non-tax incentives ...

Ekaphone Phouthonesy

Laos gains greater access to Chinese market

China has been offering Laos a special trading treatment, enabling Lao businesses to export their goods to one of the largest markets in the world.According to a report from the Lao Ministry of Industry and Commerce, Lao businesses can now sell their goods in the ...

Ekaphone Phouthonesy

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