Economy and commerce

VIENTIANE (Vientiane Times/ANN) – While there has been steady growth in services, authorities are concerned the sector’s contribution to the economy is insufficient given that most of the supporting inputs are imports.This year the government had expected the service sector to grow at about seven ...

VIENTIANE (Vientiane Times/ANN) – The government has announced a new bond offering worth more than 1,287 billion kip ($142 million) for the Lao Securities Exchange (LSX) this month.Following the previous bond offering worth 1,700 billion kip in September, bonds worth 412.57 billion kip were sold ...

LVMC Holdings, formerly known as Kolao Holdings, has announced that it acquired 100 percent shares in GMS Trading Sole in Laos for USD 357,623. The move is aimed at pursuing “new business,” the company explained without providing further details.GMS Trading enjoys businesses in real-estate development ...

VIENTIANE (Vientiane Times/ANN) – Representatives of the public and private sectors from Laos and Japan met in Vientiane on Monday to discuss addressing constraints for Japanese firms doing business in Laos.They met for the 13th annual meeting of the Lao-Japan Public and Private Sectors Joint Dialogue ...

VIENTIANE (Vientiane Times/ANN) – The general public wants the National Assembly (NA) to push the government to increase salaries for officials to keep pace with the rising cost of living, according to a senior NA official.Speaking at the end of the NA conference on Friday, NA ...

Hanoi (VNA) – Trade cooperation was a spotlight of the Vietnam-Laos relationship in the first ten months of this year, with revenue reaching 940 million USD.The figure was unveiled at a meeting of permanent Cabinet members in Hanoi on December 7 under the chair of Prime Minister Nguyen ...

VIENTIANE (Vientiane Times/ANN) – Lao enterprises will find it easier to use the securities market as a platform to mobilise investment after the National Assembly approves the amended Law on Securities, according to the top official of the Bank of the Lao PDR.The central bank ...

VIENTIANE (Vientiane Times/ANN) – A Lao-Chinese joint venture company is planning to establish a pharmaceutical industrial park in Vientiane.Various kinds of medicinal products are expected to be manufactured to supply future demand and reduce imports.Chairman of the Golden Wisdom Hong Kong Company, Mr Zhang Chongdi, ...

VIENTIANE (Vientiane Times/ANN) – A food and beverage company from China – Hainan Pinxiang Foodstuff Company Limited – is hoping to expand its market to Laos, initially focusing on Vientiane.The company showcased some of its wares at the Economic and Technological Exhibition for Lancang-Mekong Cooperation ...

VIENTIANE (Vientiane Times/ANN) – The Bank of the Lao PDR (BOL), the country’s central bank, officially launched the new joint venture Lao National Payment Network Co Ltd (LAPNet) in collaboration with seven major banks.The company aims to create a more efficient system of payments and ...