Economy and commerce
Investment
China-indebted Laos way more broke than advertised
Laos’ public debt could climb to nearly 95% of GDP by the end of 2022, making it one of the most heavily indebted and mostly likely to default nations in Asia, according to World Bank estimates published this month.Significantly, the World Bank’s already dire debt ...
DAVID HUTT
Laos Government Allows Foreign Legal Businesses to Survey Land
A recent announcement from the ministry states that the Decision applies to individuals, legal entities, and organizations being operated in Laos by foreigners, stateless persons, and foreign-Lao nationals. Lao nationals can conduct land use rights business, land surveying services, land price evaluation, and other land-related services ...
Manyphone Vongphachanh
Ministry gives green light to gold mining operation
The government has authorised a local company to mine gold ore on a 18.28 square-kilometre site over a period of 20 years. The company will invest about US$46 million in the mining operation and build an international standard factory on the site. The company has ...
Times Reporters
Korean Investment Sought in That Luang Lake Special Economic Zone
Korean real estate investment firm D&C Mineun held a week-long promotional seminar in Vientiane from 13 to 16 November where investors could discuss business opportunities within the That Luang Lake Special Economic Zone. Tax breaks and other incentives have been promised by the government of ...
Latsamy Phonevilay
China Remains the Largest Foreign Investor in Laos
China remains the largest foreign investor in Laos, undertaking a total of 813 projects worth USD 16 billion. “China also plays a significant role in special economic zone investments, with the Lao government having authorized 89 projects worth over USD 215 million,” Mr. Sonexay Siphandone ...
Phayboune Thanabouasy
GoL and " the 3 Opens" Policy
(Vientiane Times)- The government has pledged to remove barriers and further improve the business climate in a bid to attract more investment from Laos and foreign countries.Addressing the National Assembly on Monday, Deputy Prime Minister and Minister of Planning and Investment, Dr Sonexay Siphandone said ...
Somsack Pongkhao
Vietnamese investment eyes hopeful Lao future despite recent setbacks
VIENTIANE (Vientiane Times/ANN) – Laos and Vietnam are continuing to cooperate on future investment projects in Laos in spite of a recent slowdown compared to previous years.One of the major projects is the construction of the Nongkhang airport in Xamneua district, Huaphan province; the Laos-Vietnam ...
News Desk
Laos, USA cooperate on business environment improvement
VIENTIANE (Vientiane Times/ANN) – Private sector conditions in Laos are likely to improve following the launch of the New Laos Business Environment Project by the Ministry of Industry and Commerce and United States of America.The project will provide capacity building and advisory services aimed at ...
Souksamai Boulom
Chinese company explores business opportunities in Laos
VIENTIANE (Vientiane Times/ANN) – A food and beverage company from China – Hainan Pinxiang Foodstuff Company Limited – is hoping to expand its market to Laos, initially focusing on Vientiane.The company showcased some of its wares at the Economic and Technological Exhibition for Lancang-Mekong Cooperation ...
Souksamai Boulom
Chinese firms sign 184-mln-USD deals to purchase goods from Laos
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 ...
ZX