News

Bim Land Joint Stock Company, a property developer under BIM Group, has reached an agreement with the International Finance Corporation (IFC), a member of the World Bank Group, for a loan of up to $87.5 million to develop tourism infrastructure in Vietnam and Laos.Tourism is ...

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) – Authorities are speeding up their assessment of the damage and losses caused after Tropical Storm Podul hit infrastructure including school buildings in the nation’s south.An official in charge at the Ministry of Education and Sports yesterday told Vientiane Times they have ...

VIENTIANE (Vientiane Times/ANN) – The government has stressed the availability of food and clean water along with safety and disease prevention for flood-impacted communities still staying in temporary accommodation and shelters.Measures to address this year’s flood disaster were approved by the government at its meeting on ...

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 ...

A press conference was held last Friday at Vientiane’s Talat Sao (Morning Market) Mall to inform the public of the future of the market and mall complex, which has been uncertain for some years.The press conference was held by Mr. Atsaphangthong Siphandone, Vice Mayor of ...

Paksan International Customs in Bolikhamxay Province has failed to meet its revenue target between January and August amid a drop in the volume of imports.The Paksan checkpoint, which connects Thailand, Vietnam and Laos by road, serves as an economic and services gateway, facilitating trade, investment ...

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 ...

VIENTIANE (Vientiane Times/ANN) – A delegation of the Communists of Russia (KR) led by Chairman of the Central Committee of the KR and Vice Chairman of the Legislative Assembly of Ulyanovsk Oblast, Maxim Suraykin is visiting Laos on the invitation of the Lao People’s Revolutionary ...

VIENTIANE (Vientiane Times/ANN) – The Lao and Cambodian governments have signed a joint communiqué, marking the start of a new era in relations and cooperation between the neighbouring nations.Prime Minister Thongloun Sisoulith and his Cambodian counterpart, Hun Sen signed the communiqué on September 12, in ...