Economy and commerce

VIENTIANE (Vientiane Times/ANN) – Commercial banks have pledged continuing financial support to boost investment in the Mekong-Lancang region towards realisation of the ‘Belt and Road Initiative’.Speaking at a conference in Vientiane last week, General Manager of the Industrial and Commercial Bank of China (ICBC)’s Vientiane ...

VIENTIANE (Vientiane Times/ANN) – The price of farmed fish on sale in Vientiane markets is now higher than the price set by the government after many fish farmers suffered losses during the recent floods.Adding to their woes are the higher costs they incur in raising ...

VIENTIANE (Vientiane Times/ANN) – The Bank of the Lao PDR has announced that it will issue a 2015 version of the 500 kip banknote. It is giving advance notice of the circulation of the new banknote in a bid to prevent doubts about the validity ...

VIENTIANE (Vientiane Times/ANN) – The government is targeting more international visitor arrivals until the end of this year with numerous incentives, a promotional tourism campaign, and policy updates.The move follows the recent release of the new Asian Development Bank (ADB) forecast which showed the country’s ...

VIENTIANE (Vientiane Times/ANN) – Savannakhet provincial authorities have announced the removal of all inspection checkpoints along main roads to speed the transport of freight and exports.Provincial governor Santiphab Phomvihane last week issued an executive order to remove the checkpoints – the latest move to improve ...

VIENTIANE (Vientiane Times/ANN) – Lao economic growth will remain moderate in 2019 and 2020, as expansion in the industry and services sectors softened in the first half of 2019 due to fewer international visitor arrivals, according to a new Asian Development Bank (ADB) forecast.Additionally, the ...

International hotel and resort chain Hilton has announced its plan to open the company’s first hotel chain in the Lao capital Vientiane, marking the latest move by several global hotel brands that are flocking to the landlocked country hoping to benefit from its rapidly growing tourism sector.Hilton ...

After last year’s well-received first event in Luang Prabang, the second Sustainable Tourism Solutions Expo (STSE) will take place this week in Vientiane on 27-28 September 2019 at the Crowne Plaza. The STSE is the region’s leading specialized fair for the tourism industry to celebrate, explore, ...

VIENTIANE (Vientiane Times/ANN) – Laos is keen to adopt international accounting standards as part of efforts to upgrade public sector finance administration through capacity-building for finance officials countrywide.A five-day training of trainer programme to build these skills among officials has been jointly organised by the ...

VIENTIANE (Vientiane Times/ANN) – A Lao delegation joined the Hunan International Cultural Tourism Festival 2019 last weekend to promote cooperation between the two nations in tourism, trade and investment.Deputy Minister of Information, Culture and Tourism, Mr Savankhone Razmountry led the delegation and was joined by ...