Economy and commerce

VIENTIANE (Vientiane Times/ANN) – Oudomxay province will try to achieve an annual economic growth rate of 7.7 per cent, building on the growth rate of 6.8 per cent over the first six months of this year, which is higher than the national average.The target was ...

VIENTIANE (Vientiane Times/ANN) – Prime Minister Thongloun Sisoulith has lauded the role of businesswomen in boosting economic development and advised them to use their strengths to benefit the whole nation.The prime minister made the remarks while addressing a meeting organised by the Lao Business Women’s ...

VIENTIANE (Vientiane Times/ANN) – Business cooperation between Laos and Indonesia has been elevated and business-to-business collaboration is being fostered on the lines of the close cooperation between the two governments, a minister has said.“We are especially broadening business opportunities for state-owned enterprises between the two ...

VIENTIANE (Vientiane Times/ANN) – Government officials gathered with representatives of the Japan International Cooperation Agency (JICA) and Japanese Embassy to Laos in Vientiane on Friday to discuss improvements in the field of public investment management (PIM).Participants discussed the structure of the proposed committee to lead ...

VIENTIANE (Vientiane Times/ANN) – More Lao businesses, especially small and medium-sized enterprises (SMEs), are set to benefit from attending trade fairs in foreign countries in the near future.A workshop on the topic was organised at Lao-ITECC in Vientiane last week on the sidelines of the ...

VIENTIANE (Vientiane Times/ANN) – The organising committee of the “Made in Laos 2019” fair is hopeful the event will boost the profile of domestic products through sessions on trade, business-matching and training.The fair, which is focused on regional and international markets, kicked off at Lao-ITECC ...

VIENTIANE (Vientiane Times/ANN) – The Lao and Thai business communities are drawing up plans to increase bilateral trade and investment volumes in the coming years by overcoming several long-standing barriers.The two sides expect to set up a special working group that will team up with ...

(KPL) The Ministry of Justice on July 18 organized a consultation workshop on draft amendments to the Law on Rehabilitation and Bankruptcy of Enterprise. The draft amendments are expected to be soon submitted to the National Assembly for consideration for approval.The meeting was held in Vientiane Capital ...

Banque pour le Commerce Exterieur Lao Public (BCEL) has joined hands with Chinese payment service provider UnionPay International (UPI) to roll out new QR code payment services in Laos.The move will enable UnionPay app users to make payments by scanning QR codes at local stores ...

VIENTIANE (Vientiane Times/ANN) – The government has given the green light for Chinese companies to develop trade-facilitation related infrastructure and invest in agriculture with a view to bolstering exports to China.The move is part of the government’s preparations to capitalise on the US$5.9-billion Laos-China railway, ...