Economy and commerce

VIENTIANE (Vientiane Times/ANN) – The Young Entrepreneurs Association of Laos (YEAL) has called on the government to set up a special fund to enable emerging businesspeople make a contribution to the economy.The association believes that such a fund would help many young entrepreneurs who are ...

VIENTIANE (Vientiane Times/ANN) – Laos’ ENECO Dynamic Public Company is planning to raise capital of 40 billion kip by listing on the Lao Securities Exchange (LSX).The petrol company on Friday submitted proposals to the Lao Securities Commission Office and the stock exchange on the sale ...

VIENTIANE (Vientiane Times/ANN) – Laos has steadily faced a higher inflation rate over the past five months after being pressed by several economic factors.The changes in consumer prices index, as a result of expensive commodities such as oil, gold and food weakening the value of ...

VIENTIANE (Vientiane Times/ANN) – The government has acknowledged that it needs to be well prepared to provide transit services in an effort to benefit from the Laos-China railway.Minister of Planning and Investment Dr Souphan Keomixay told Vientiane Times recently that the government is encouraging private enterprises to develop ...

VIENTIANE (Vientiane Times/ANN) – The government believes that Laos’ socio-economic development micro, small and medium-sized enterprises (MSMEs) play an equally crucial role along with macro-economic measures in the nation’s economic development.Various initiatives are being taken to encourage the private sector to diversify their businesses, including ...

VIENTIANE (Vientiane Times/ANN) – Xieng Khuang provincial authorities have announced plans to approve all investment project proposals within two weeks without any delays.The provincial Governor, Mr Bounton Chanthaphone, told Vientiane Times recently that the province’s investment committee will no longer delay any investment projects that ...

VIENTIANE (Vientiane Times/ANN) – Action will soon be taken against and fines slapped on foreigners who are illegally operating businesses in Laos.The Ministry of Industry and Commerce recently issued instructions with detailed guidelines on how to regulate such unlicensed businesses.Any business being operated without a ...

VIENTIANE (Vientiane Times/ANN) – Members of the Young Entrepreneurs Association of Laos (YEAL) have called on the Lao Front for National Development to urge the government to remove barriers to doing business and address long-standing issues.Several difficulties routinely encountered by association members include access to ...

Will 7-Eleven come to Laos? The question has been up in the air for many years despite continued reports that it would make a foray into the country.One more such report emerged a few days ago. According to The Nation, CP All, a Thai firm that ...

VIENTIANE (Vientiane Times/ANN) – To ensure that the country’s economic growth is on target and takes into account restructuring, the government should focus on research and development to improve the quality of agricultural production by deploying new technology.The government needs at least 46,500 billion kip ...