Economy and commerce

VIENTIANE (Vientiane Times/ANN) – The Ministry of Finance will focus on six development frameworks following significant progress in financial development and management in the past year.The six frameworks for 2019 will be aimed at the revision of financial policy, improving regulations for the finance sector, ...

VIENTIANE (Vientiane Times/ANN) – Lao fish farmers would be better able to compete with foreign operators if taxes and duties levied on local producers were lower and if the government provided more financing support.Lao fish farms are currently struggling against very stiff competition from foreign ...

The first Lao International Food Expo expects to expand local business export opportunities and encourage enterprises to expand distribution networks for their food products.Speaking at a press conference on Wednesday, Chairman of the Pas Project Company, Mr Souknikorn Lathsavong, said the expo will be held ...

VIENTIANE (Vientiane Times/ANN) – Enterprises headed by women have made significant contributions to socio-economic development in Laos, creating employment opportunities and business leadership.In order to make greater contributions in the economic arena, Lao women entrepreneurs need skill development and lessons in managing and expanding their ...

State-owned Vietnam National Chemical Group (Vinachem) has decided to pull out of a loss-making potassium salt mining and processing project in Laos’ province of Khammuane after pouring trillions of Vietnamese dong into the megaproject for 15 years, Tuoi Tre Online newspaper reported.The withdrawal will result ...

CHAMPASSAK, Laos (Vientiane Times/ANN) – The Lao National Chamber of Commerce and Industry is expanding the Small and Medium Enterprises Service Cente (SSC) to Champassak province to strengthen the capacity of SMEs in the four southern provinces.Senior officials from the SME Promotion Department of the ...

Vehicles regularly carry goods into Laos from the sea port in Thanh Hoa province of Vietnam, about 250 kilometres from Huaphan province. The amount of incoming traffic is not large but the border is heavily congested with trucks ferrying goods into both countries.More ...

VIENTIANE (Vientiane Times/ANN) – Savannakhet province has been busy organising its annual One District, One Product (ODOP) fair which aims to promote local products for both national and international markets.This second ODOP fair has been organised by the SME and the Trade Promotion Division under ...

Prime Minister Thongloun Sisoulith has told ministries to be proactive in attracting investment from Brunei Darussalam after learning that companies in the oil-rich country want to do business in Laos.Bruneian investors are interested in exporting oil to Laos as well as operating poultry farms and ...

As a transit country, Thailand should play a significant role in helping the neighbouring landlocked country of Laos improve their economic growth to achieve the goals of the 10-year-Vienna Programme of Action (VPoA) for Landlocked Developing Countries for the Decade 2014-2024, according to the programme’s ...