Economy and commerce

VIENTIANE (Vientiane Times/ANN) – A new Promotion of Export Competitiveness in Northern Laos (ECL) project aims to increase investment in exports of targeted sectors to sustainably improvement incomes of poor households, particularly women.The target is to be achieved by improving the export competitiveness of the ...

VIENTIANE (Vientiane Times/ANN) – Ten Lao businesswomen received the Outstanding Asean Women Entrepreneurs Award 2019 from the Asean Women Entrepreneurs Network (AWEN) during a ceremony at JW Marriott Hotel in Bangkok, Thailand, last week.Almost 90 nominated businesswomen from Asean countries, included the 10 from Laos, ...

VIENTIANE (Vientiane Times/ANN) – The Lao National Chamber of Commerce and Industry (LNCCI), in collaboration with the International Labour Organisation (ILO), organised the MSME investment fair 2019 to provide opportunities to micro, small and medium enterprise operators to access sources of finance.The fair, held at ...

VIENTIANE (Vientiane Times/ANN) – The Bank of the Lao PDR requires closer cooperation with relevant sectors to create a national QR code standard for banks and financial institutions to further enable the convenient payment service.Officials from different banks and financial institutions, including representatives from relevant ...

The Ministry of Finance believes the management of the public finance system will be more effective, transparent and auditable after two supporting reform projects were officially launched last Friday.The two-newly launched initiatives are the Enhancing Public Finance Management through Information and Communication Technology and Skills ...

VIENTIANE (Vientiane Times/ANN) – The largest professional trade exhibition of the country, Lao Top 3-in-1 Expo 2019, kicked off at the National Convention Centre in Vientiane yesterday to showcase products aimed at the building, construction, water supply, food and beverage and trade industries.The ceremony was ...

VIENTIANE (Vientiane Times/ANN) – The Ministry of Industry and Commerce is on a mission to address the number of foreign-owned businesses which have opened their doors without the proper operating permit.The commerce minister, Mrs Khemmani Pholsena signed a ministerial advice on June 12, ordering provincial and ...

Products or services the government doesn’t promote, including alcoholic beverages, will be subject to higher taxes if a new law on excise duties comes into force in January 2020. In contrast, lower levies will be imposed on items such as fuel and motorcycles that the government ...

Foreign companies that export products to Laos will no longer require a domestic business license under new trade regulations issued by the Ministry of Commerce.Mrs Khemmani Pholsena, Lao Minister of Industry and Commerce, issued a ministerial decision on June 6 ending the requirement for a domestic business ...

VIENTIANE (Vientiane Times/ANN) – The generation of electricity by Laos for domestic supply and export increased in the first quarter of this year, while imports dropped.Laos earned US$422 million from electricity exports in the first quarter of this year, an increase of 10.2 percent compared ...