Economy and commerce

VIENTIANE (Vientiane Times/ANN) – Laos has reduced its target for earnings from sugar exports compared to the figure for last year after a drop in annual revenues from exports of the commodity.Last year, the target for sugar exports was US$92.4 million, but total earnings amounted ...

VIENTIANE (Vientiane Times/ANN) – More investment in electricity infrastructure and expanding the transmission network will help tackle the problem of power cuts for Lao consumers, according to an energy official.Consumers often complain about insufficient electricity and the instability of supply during both the dry and ...

VIENTIANE (Vientiane Times/ANN) – Vietnam has invested US$4.1 billion in 409 projects in Laos, with the largest investments being in the public works and transport, energy and mines, and agriculture sectors.Minister of Planning and Investment Dr Soukphanh Keomixay said Vietnam ranks third among all foreign ...

VIENTIANE (Vientiane Times/ANN) – The Ministry of Information, Culture and Tourism issued a notice last week banning the advertising of alcoholic beverages and activities that promote the consumption of alcoholic drinks.The ministry’s notice was addressed to state companies and enterprises, private companies, alcoholic beverage producers, ...

VIENTIANE (Vientiane Times/ANN) — The Korea Electric Power Corporation (KEPCO) hopes to expand its power equipment business as well as explore other avenues of cooperation with Laos’ energy sector.A business meeting between representatives of Laos’ Ministry of Energy and Mines, Electricité du Laos (EDL), and ...

VIENTIANE (Vientiane Times/ANN) – The government must address several challenges as part of efforts to effectively develop e-commerce and make trade more efficient, a recent study reveals. The 2018 study, funded by the World Bank, Australia, Germany, the European Union and Ireland names the main challenges ...

VIENTIANE (Vientiane Times/ANN) – TOHLAO, in cooperation with Lao Telecommunication Public Company (Lao Telecom), has initiated an enterprise aimed at helping young, Lao startup entrepreneurs to utilise digital technologies to achieve their full business potential.The two companies expect to see an increase in the use ...

VIENTIANE (Vientiane Times/ANN) – Laos is hoping to raise the profile of domestic products in regional and international markets through the annual Made in Laos Fair with a focus on trade, business-matching and training sessions.This year, the 6th Made in Laos will take place at ...

VIENTIANE (Vientiane Times/ANN) – Businesses and the general public prefer to deposit their money in foreign currency accounts despite the Bank of the Lao PDR actively promoting use of the national currency.According to the latest annual report from the Bank of the Lao PDR, the ...

VIENTIANE (Vientiane Times/ANN) – Prime Minister Thongloun Sisoulith has called for the formation of a taskforce to carry out checks at border crossings in a bid to facilitate cross-border trade and services, while plugging revenue leaks.The premier issued the instruction as part of the government’s ...