Economy and commerce

VIENTIANE (Vientiane Times/ANN) – A lower economic growth rate has sparked concerns that Laos may not meet the average targeted rate of 7.2 per cent as part of the country’s five-year economic development plan for 2016-2020.Economic growth in Laos has reached only 6.7 percent over ...

VIENTIANE (Vientiane Times/ANN) – The Lao government is determined to encourage and promote digitalisation in micro, small and medium enterprises (MSMEs) to help the nation achieve its Sustainable Development Goals (SDGs) by 2030.According to the government, the promotion of micro, small and medium-sized enterprises (MSMEs) ...

Laos will crack down on foreign-owned businesses operating in the country without the proper permit.The Lao government has begun to inspect foreign-owned businesses to see whether they comply with Lao laws and regulations, according to ministerial advice by the Ministry of Industry and Commerce, reported ...

VIENTIANE (Vientiane Times/ANN) – The Ministry of Industry and Commerce is encountering hurdles in stabilising the prices of goods in Laos as most are imports from Thailand, according to a ministerial report.The commerce ministry unveiled the report on the administration of goods prices and imported ...

VIENTIANE (Vientiane Times/ANN) – The project includes the construction of a basin to store water for agricultural purposes and an artesian well, and installation of electric lines.The Lao Front for National Development (LFND), the Phongsavanh Group and the LFND unit in Xaysomboun provincial organised a ...

VIENTIANE (Vientiane Times/ANN) – Prime Minister Thongloun Sisoulith has called for the business sector to get more involved in rural development and poverty reduction to help achieve its development goals.Speaking at a gathering arranged to push for more national patriotic and development activities in the ...

VIENTIANE (Vientiane Times/ANN) – Laos is likely to enjoy a trade surplus of about US$121 million for the first six months of the year, even as the government is predicting an overall trade deficit of around US$259 million for 2019.Projected exports for the first six ...

VIENTIANE (Vientiane Times/ANN) – Enterprises headed by women have made significant contributions to the socio-economic development of Laos, creating employment opportunities and business leadership.To make greater contributions in the economic arena, Lao women entrepreneurs need skill development and lessons in managing and expanding their businesses ...

VIENTIANE (Vientiane Times/ANN) – Companies from Asia, Asean states and Europe are eyeing markets for their products in Laos, which is witnessing strong demand.Despite being a small market in the Asean region with a population of 6.8 million, Laos is an attractive destination for manufacturers ...

VIENTIANE (Vientiane Times/ANN) – Laos has officially opened a national single window (LNSW) system at a container yard – Thanaleng – to bring in transparency and facilitate trade. This move will optimise the flow of goods for the benefit of the people of Laos. The ...