Economy and commerce

(KPL) The Export-Import Bank (EXIM) of Thailand on Nov 30 opened its Vientiane-based representative office to support the Lao government’s policy on trade and investment integration into the Mekong sub region which covers Cambodia, Laos, Myanmar, Thailand and Vietnam.More ...

The government can acquire money from other sources for injecting into small and medium-sized enterprises (SMEs) rather than issuing loans, which would only add to the country’s debt. This was the view expressed by National Assembly (NA) member for Vientiane, Ms Valy Vetsaphong, who disagreed with ...

KASIKORNBANK Plc (KBank) plans to boost its business in Laos by applying for a new licence for mobile banking and digital platform to drive its year-on-year growth to 15 per cent in 2019, Pattanapong Tansomboon, KBank’s first senior vice president, said recently.More ...

As part of the key strategy to expand businesses within AEC+3, KBank is now ready to tap into Lao PDR through numerous services and local partnership arrangements, the company said in a press release issued on Friday.For 2019, targets have been set to bolster loans ...

To ensure steady economic growth, Laos would be well advised to restructure the economy with a view to stability and sustainability and in ways that reverse the current slowdown, a top analyst has advised.More ...

The Lao government’s failure to strictly enforce foreign investment laws is allowing a growing number of Chinese entrepreneurs to dodge investment rules and avoid paying taxes while operating shops and restaurants in the Southeast Asian country, an official from the Ministry of Planning and Investment ...

(KPL) The government has expected that the growth in the agricultural, industry and service sectors will below set targets, according to Deputy Prime Minister and Minister of Finance Somdy Douangdy.The production in the agricultural and forestry sector is expected to be 2.5%, lower than the ...

ONYX Hospitality Group, one of the region’s leading hotel management companies, on Tuesday announced a management agreement with Laos-based Asia Investment, Development & Construction Sole (AIDC) to develop a new-build Amari hotel in the centre of Vientiane.AIDC is an investment and construction joint venture led ...

The German government has agreed to give six million euros for the second tranche of the Lao Access to Finance Fund (LAFF) through the German Development Bank (KfW) for micro and small enterprises in Laos.More ...

(KPL) International Finance Corporation – IFC – a member of World Bank Group, will host a large-scale workshop for representatives of small and medium enterprises and financial experts to discuss how to help local SMEs better access finance.More ...