Economy and commerce

Laos has won over foreign investors in the latest arbitration of an international court case involving the casino industry.The International Centre for the Settlement of Investment Disputes (ICSID) tribunal has dismissed a case lodged by Dutch firm Lao Holdings NV (LHNV) against the Lao government ...

VIENTIANE (Vientiane Times) – The Champassak provincial Small and Medium Enterprises Service Centre (SSC) aims to strengthen the capacity of SMEs in the southern provinces towards business expansion and enhanced competition in the region.The centre was officially opened on Wednesday. The ceremony was attended by ...

VIENTIANE (Vientiane Times/ANN) – Laos and Vietnam are hoping to increase bilateral trade by 10 to 15 percent during 2019, with total trade last year valued at US$1.03 billion.Last year’s figure exceeded the plan by 10 percent. Two-way trade between Laos and Vietnam in the ...

VIENTIANE (Vientiane Times/ANN) – Budding Lao entrepreneurs have invited their counterparts from Cambodia to make more investment and to do business in Laos in order to boost cooperation in trade and entrepreneurial undertakings between the two sides.This cooperation will help young Lao and Cambodian entrepreneurs ...

VIENTIANE (Vientiane Times/ANN) – The Ministry of Industry and Commerce will continue efforts to improve or remove unnecessary measures and regulations relating to exports and imports to bolster cross-border trade.Officials in charge of trade facilitation met in Vientiane last week for the 2nd Trade Facilitation ...

VIENTIANE (Vientiane Times/ANN) – The ongoing trade tensions are likely to create uncertainty globally but will also provide a golden opportunity for Laos as the country has potential in agricultural goods that are in high demand in foreign markets, according to a senior ANZ specialist.During ...

VIENTIANE (Vientiane Times/ANN) – The Consumer Price Index (CPI) continues to rise in Laos despite the government’s expanded measures to tackle the rising price of goods in markets.According to the Lao Statistics Bureau, the CPI reached 107.64 points in July, putting the annual inflation rate ...

VIENTIANE (Vientiane Times/ANN) – The Lao National Chamber of Commerce and Industry (LNCCI) has signed an agreement with eight commercial banks to support efforts to strengthen business operators in Laos through access to finance.The cooperation agreement was signed recently in Vientiane between LNCCI and representatives ...

Edible insects first sparked international attention in 2013 when the Food and Agriculture Organization (FAO) published a reportreferring to them as one way to solve the global food shortage.At that time, FAO noted that insects as food and feed emerge as an especially relevant issue in ...

VIENTIANE (Vientiane Times/ANN) – The World Bank has recommended that Laos let its currency follow the market as other nations cut interest rates in the wake of the US-China trade dispute.World Bank Senior Economist, Mr Somneuk Davading, gave the advice during the launch of the ...