Laos Records Lowest Year-on-Year Trade Deficit of USD 13 Million in January
The trade deficit in Laos soared to USD 233 million in September 2022 but has been decreasing steadily since then.The overall value of trade in Laos was USD 935 billion in January this year, with USD 461 million in exports and USD 474 million in imports, according ...
Laos Sees a Trade Deficit of USD 23 Million in December
According to the Lao Trade Portal, the country recorded a trade deficit of USD 23 million in December, which is considerably lower than the trade deficits of USD 45 million and USD 230 million reported in November and October, respectively.The overall value of trade hit USD ...
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 ...
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 ...
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 ...
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 ...
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 ...
Laos limits rice exports due to short supply
VIENTIANE (Vientiane Times/ANN) – Many agricultural promotion companies in Laos have limited their rice exports because of the supply shortage in the domestic market despite high demand from overseas.High rice prices and the impact of flooding within the country this season are the main reasons ...
EU Provides EUR 5 Million For Export Competitiveness, Job Creation In Laos
(KPL) The European Union (EU) has supported EUR 5 million for export competitiveness and job creation in the Lao PDR by launching the ASEAN Regional Integration Support-Lao PDR Trade-Related Assistance(ARISE Plus-Lao PDR) in Vientiane on Sept 9.This four-year action will be implemented in partnership with the Ministry ...
KPL News Desk
Laos takes active steps to penetrate Chinese market
VIENTIANE (Vientiane Times/ANN) – The government has given the green light for Chinese companies to develop trade-facilitation related infrastructure and invest in agriculture with a view to bolstering exports to China.The move is part of the government’s preparations to capitalise on the US$5.9-billion Laos-China railway, ...