Economy and commerce

VIENTIANE (Vientiane Times/ANN) – The generation of electricity by Laos for domestic supply and export increased in the first quarter of this year, while imports dropped.Laos earned US$422 million from electricity exports in the first quarter of this year, an increase of 10.2 percent compared ...

VIENTIANE (Vientiane Times/ANN) – Foreign enterprises that export goods to the Lao market will no longer need a domestic business licence as the Commerce Ministry has resolved this contentious issue.The Minister of Industry and Commerce, Mrs Khemmani Pholsena, signed a  ministerial decision on June 6 authorising ...

VIENTIANE (Vientiane Times/ANN) – The Siberian Association of International Cooperation from the Novosibirsk region of Russia plans to set up an office in Laos to improve business coordination and cooperation.The plan was unveiled by the association’s President, Mr Pavel Ostroverhov, when he led business operators ...

VIENTIANE (Vientiane Times/ANN) – The business communities of Laos and South Korea are keen to jointly promote the development of renewable energy in Laos.A business matching event was held in Vientiane to facilitate collaboration between Lao companies and representatives of Korean firms from Chungcheongbukdo province ...

VIENTIANE (Vientiane Times/ANN) – Life for entrepreneurs, investors and those interested in running a business became easier with the development and launch of the website www.ned.gov.la.The site is an initiative of the Enterprise Registration and Management Department (ERMD) of the Ministry of Industry and Commerce. ...

VIENTIANE (Vientiane Times/ANN) – The National Assembly (NA) on Friday approved a new law relating to anti-dumping and countervailing duties in order to protect domestic products from unfair imports.As Laos integrates into the region, it needs to enact laws to protect it from unfair trade ...

VIENTIANE (Vientiane Times/ANN) – The largest professional trade exhibition of the country, Lao Top 3 Expo 2019, will kick off at the National Convention Centre in Vientiane next week and showcase products aimed at the building, construction, water supply, food and beverage and trade industries.The ...

VIENTIANE (Vientiane Times/ANN) – Prime Minister Thongloun Sisoulith has asked members of the National Assembly (NA) to consider the use of incentives to entice private business investment for public infrastructure projects.The government wants to encourage investments that are licensed under a Build-Operate-Transfer (BOT) model in ...

Singapore-based blockchain services provider EVX Holdings, Pte. Ltd., operating as Everex, has signed a Memorandum of Understanding (MoU) with Lao Development Bank (LDB) to develop and implement blockchain technology for cross-border payments and trade finance.More ...

VIENTIANE (Vientiane Times/ANN) – The government has announced it will reduce the nation’s overreliance on natural resources as it seeks to grow the economy despite the recent slowdown.Speaking at the National Assembly session recently, Lao Prime Minister Thoungloun Sisoulith said although the Lao economy grew ...