Economy and commerce

VIENTIANE (Vientiane Times/ANN) – Many agricultural promotion companies in Laos have limited their rice exports because of the supply shortage in the domestic market despite high demand from overseas.High rice prices and the impact of flooding within the country this season are the main reasons ...

A cabinet meeting on Wednesday decided that the government will purchase 2,400MW of electricity from Laos.A briefing document uploaded by government spokesman Phay Siphan to his Facebook page confirmed this.It said Cambodia will buy exclusive power from two coal-fired power plants in Laos – TSBP ...

VIENTIANE (Vientiane Times/ANN) – The Lao-China Economic and Trade Promotion Association (LCETPA) is cooperating with the Lao People’s Revolutionary Youth Union and the Young Entrepreneurs Association of Laos (YEAL) to implement several projects.These projects cover Chinese language training, culture, agriculture and tourism.More ...

(KPL) The European Union (EU) has supported  EUR 5 million for export competitiveness and job creation in the Lao PDR by launching the ASEAN Regional Integration Support-Lao PDR  Trade-Related Assistance(ARISE Plus-Lao PDR) in Vientiane on Sept 9.This four-year action will be implemented in partnership with the Ministry ...

VIENTIANE (Vientiane Times/ANN) – Legitimate private sector interests have called on the government body responsible for creating a business-friendly environment to tackle illicit trade, informal businesses, and firms operating without licences.Members of the business community representing numerous companies and entrepreneurs made the call at a ...

VIENTIANE (Vientiane Times/ANN) – The State Enterprise for Agricultural Service (SAS) of Laos has inked an agreement with China’s Guangzhou Zhongheyuan Agriculture Development Co., Ltd. (GZAD) and UAB Global Ltd (UAB) of Hong Kong for cooperation in investments in the agricultural industry and market development.The ...

The Bank of the Lao PDR has imposed measures to help prevent the further depreciation of the kip against international currencies.According to a newsletter published by the central bank earlier this week, to prevent the kip sliding further against the US dollar and Thai baht, ...

VIENTIANE (Vientiane Times/ANN) – A meeting of the board of directors of the EDL Generation Public Company (EDL-Gen) last month did not approve the payout of a dividend as the company’s earnings over the first six months of 2019 showed a loss of 147.15 billion ...

VIENTIANE (Vientiane Times/ANN) – Business operators in California, USA, have encouraged Lao businesspeople and the authorities to benefit from the state’s potential for investment thanks to its geography and suggest that business matching could benefit both sides.In 2018 the value of two-way trade between Laos ...

VIENTIANE (Vientiane Times/ANN) – The continuously weakening value of the Lao kip against the Thai baht has hurt businesses in Laos, especially those engaged in import operations, forcing them to accept a cut in profits.As of September 2, the exchange rate at the Banque pour ...