Economy and commerce

VIENTIANE (Vientiane Times/ANN) – A Lao delegation joined the Hunan International Cultural Tourism Festival 2019 last weekend to promote cooperation between the two nations in tourism, trade and investment.Deputy Minister of Information, Culture and Tourism, Mr Savankhone Razmountry led the delegation and was joined by ...

VIENTIANE (Vientiane Times/ANN) – The China-Asean Expo (CAEXPO) has significantly contributed to cooperation in trade, investment and tourism between Asean and China over the past 16 years, Deputy Prime Minister Dr Sonexay Siphandone said on Saturday when addressing the opening ceremony of the 16th expo ...

VIENTIANE (Vientiane Times/ANN) – The government has mandated to abolish quality tests for electronic and electrical appliances which are imported through the Lao-Thai Friendship Bridge I. Ever since its implementation, this move seems to have impacted the business sector. This has led to the rise in ...

VIENTIANE (Vientiane Times/ANN) – Authorities in Savannakhet province have streamlined procedures that significantly shorten the time required to get a permit to start a business.Investment permits for uncomplicated concession projects can be issued within 15 days instead of 65 days as previously required, according to ...

VIENTIANE (Vientiane Times/ANN) – Investors, brokers, finance students and representatives of registered companies spent two days at the Lao Securities Exchange (LSX) trying to gain insights into the capital market from noted Laos and Thai speakers.This year’s investment gateway-2019 ‘Business expansion in the capital market’ ...

VIENTIANE (Vientiane Times/ANN) – The Laos-China Science and Technology Exhibition will take place in Vientiane from October 11-16, giving both nations the chance to showcase the latest innovations to the public.The expo at the National Convention Centre will serve as a platform for the two ...

Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) has inaugurated the headquarters in the Lao capital Vientiane, a move that comes amid increasing cooperation between Laos and Vietnam in the banking and finance sectors.VietinBank opened its first branch in Laos in 2012, which ...

VIENTIANE (Vientiane Times/ANN) – The central banks of Laos and Vietnam will enhance bilateral cooperation in information technology, technical matters and other important areas related to banking.Senior officials of the two banks met in Vientiane yesterday, led by Governor of the Bank of the Lao ...

VIENTIANE (Vientiane Times/ANN) – The government has issued a prime ministerial decree to establish a Small and Medium-Sized Enterprise Promotion Fund, hoping the intervention will boost business access to finance.Prime Minister Thongloun Sisoulith on September 4 signed the SME Promotion Fund decree giving a strong ...

VIENTIANE (Vientiane Times/ANN) – The Banking Operation Department under the Bank of the Lao PDR (BOL) has signed up 10 commercial banks to seek a loan of US$300 million from China Development Bank (CDB) for the promotion of small and medium-sized enterprises (SMEs) in Laos.A ...