Economy and commerce

VIENTIANE (Vientiane Times/ANN) – Prime Minister Thongloun Sisoulith has called for the formation of a taskforce to carry out checks at border crossings in a bid to facilitate cross-border trade and services, while plugging revenue leaks.The premier issued the instruction as part of the government’s ...

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 ...

VIENTIANE (Vientiane Times/ANN) – Young Lao and Chinese entrepreneurs have agreed to develop business relations between the two countries to provide more opportunities for trade, investment and economic development.The scheme was instigated by the Young Entrepreneurs Association of Laos (YEAL) and Puer Cohen Real Estate ...

VIENTIANE (Vientiane Times/ANN) – The inflation rate continued to rise in March, with the Lao National Statistics Bureau attributing the growth of the annual Consumer Price Index (CPI) due to rising food prices, and not the depreciation of the kip as many people believed.The statistics ...

The government needs to put the digital economy firmly on its agenda to speed up the development of this global initiative, according to a senior official at the Ministry of Post and Telecommunications.Speaking at the ministry’s annual meeting at the beginning of this month, Director ...

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 ...

(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 ...

VIENTIANE (Vientiane Times/ANN) – Splurging on unnecessary luxury items and entertainment during Lao New Year will not create any positive lift for the Lao economy as the country is heavily dependent on imported products, a senior economist says.With Laos heavily dependent on imported products, it ...

VIENTIANE (Vientiane Times/ANN) – The development of Laos’ power transmission grid will receive a strong boost from private investment after the Ministry of Energy and Mines and the International Finance Corporation (IFC) signed a cooperation agreement.The agreement was signed yesterday by Deputy Minister of Energy ...

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 ...