Economy and commerce

VIENTIANE (Vientiane Times/ANN) – The Bank of the Lao PDR (BOL), the country’s central bank, officially launched the new joint venture Lao National Payment Network Co Ltd (LAPNet) in collaboration with seven major banks.The company aims to create a more efficient system of payments and ...

VIENTIANE (Vientiane Times/ANN) – The Bank of the Lao PDR (BOL) and the Bank of Korea (BOK) have agreed to share the outcomes of their seven month-programme – 2019 Bank of Korea-Knowledge Partnership Programme (BOK-KPP) – with interested parties.Following completion of the programme, which began ...

KUNMING, Nov. 23 (Xinhua) — Chinese companies signed contracts worth 1.3 billion yuan (about 184 million U.S. dollars) to purchase goods, mainly agricultural products, from their Laos counterparts.The deals were signed as the 2019 Sino-Laos Investment Fair concluded Friday in Kunming, capital of southwest China’s ...

The Lao Government has engaged Standard Chartered, JP Morgan, and Credit Suisse for its planned international US dollar bond debut.In December of 2015, Laos sold US$182m worth of dollar bonds in two tranches to institutional investors in Thailand and regularly issues sovereign bonds denominated in ...

Foodpanda, the on-demand international food delivery service, has officially launched in Laos with over 300 restaurants on board.Heading to the capital first to open a world of exciting flavors to the residents of Vientiane, Foodpanda’s fleet of pink riders will bring meals from over 300 restaurants straight ...

VIENTIANE (Vientiane Times/ANN) – Representatives from the business sector of Oudomxay province are participating in a training programme to develop professional qualities needed for their operations.The training programme, which will run from November 18 to 22, has been co-organised by the Lao National Chamber of ...

VIENTIANE (Vientiane Times/ANN) – The National Assembly (NA) on Monday endorsed the National Socio-Economic Development Plan for 2020, giving the legal back up for the government to impose measures to strengthen productivity.Out of the 114 Assembly members who attended the 8th session of the 8th ...

VIENTIANE (Vientiane Times/ANN) – Lao businesses will be better able to expand their markets and compete with other countries more aggressively after being educated on the conditions and benefits of Free Trade Agreements (FTAs).A seminar held in Vientiane on Thursday discussed the benefits of FTAs ...

VIENTIANE (Vientiane Times/ANN) – The government is confident its austerity policy will continue to lower budgetary tensions and financial difficulties in the coming year despite slow progress in implementing measures to curb wasteful spending.The Ministry of Finance will take action in coordination with several other ...

VIENTIANE (Vientiane Times/ANN) – Prime Minister Thongloun Sisoulith on Friday expressed confidence that the economy would pick up next year as a number of mega investment projects will kick into gear.Addressing the National Assembly, the premier unveiled a list of large-scale investment projects that could ...