Economy and commerce

VIENTIANE (Vientiane Times/ANN) – BZG Asia Investment LLC (BZGAI) from the United Arab Emirates (UAE) in partnership with 7TIC International Corporation Ltd. will conduct a feasibility study on investment in Laos.The two companies signed five Memorandums of Association in Vientiane on Tuesday, with Deputy Prime ...

Indonesia’s state-owned Mandiri Bank has announced its intention to enter Laos and Cambodia.Rohan Nafas, Mandiri Bank corporate secretary, said the bank is now studying the best ways of penetrating the two new markets.More ...

VIENTIANE (Vientiane Times/ANN) – Business leadership development is one of the priority programmes aimed at making business operations in Laos stronger, successful and sustainable in order to contribute to socio-economic development.Administrative officials from the government, enterprises and the private sector yesterday attended a seminar in ...

The owner of a barber shop in Vientiane could be the first Lao woman to publicly declare competition with the growing number of foreign-owned hair stylists.Ms Saphavanh Chanthalack, who owns the Phontong barber shop in Chanthabouly district, displays a colourful banner at the front of ...

VIENTIANE (Vientiane Times/ANN) – Chinese investors and companies will soon be able to conduct transactions through the Alipay system in Laos.The Lao Development Bank (LDB) entered into an agreement with KIWI Company Limited on July 30 to roll out the service.KIWI is a leading Fintech ...

VIENTIANE (Vientiane Times/ANN) – The number of procedures and the time taken to process them has been significantly shortened in a bid to ease business operations, as the government forges ahead with its policy to better facilitate businesses and attract more investment to drive growth.Concrete ...

VIENTIANE (Vientiane Times/ANN) – Investment by domestic and foreign enterprises has not grown as planned despite the government’s augmented measures to boost private sector growth and sustain the economy.The Minister of Planning and Investment, Dr Souphanh Keomixay, told Vientiane Times recently that private companies invested in 1,266 ...

VIENTIANE (Vientiane Times/ANN) – Representatives of 14 companies from Jeonnam in South Korea met Lao entrepreneurs yesterday to discuss opportunities for business cooperation and expansion.The meeting with the Jeonnam Trade Mission was organised at the Crowne Plaza in Vientiane by the Korea Trade Investment Promotion ...

VIENTIANE (Vientiane Times/ANN) – Traders in the northern provinces of Laos now have fewer options for getting their goods into China after Chinese authorities banned imports through local border checkpoints.All products, including agricultural goods, can now enter China only at the main international border crossing ...

VIENTIANE (Vientiane Times/ANN) – The government will take steps to raise Laos’ ranking on the World Bank’s ease of doing business (EDB) index over the rest of this year, in a bid to improve the country’s investment climate.Minister of Planning and Investment Dr Souphan Keomixay ...