Economy and commerce

The government should promote investment which helps to create jobs and income for local people, according to the Lao National Economic Research Institute.The institute, which serves as an economic policy thinktank, made the recommendation to the government in its latest economic update, which was unveiled ...

VIENTIANE (Vientiane Times/ANN) – As the Lao economy continues to record impressive annual growth of 6 percent to 7 percent, numerous foreign firms in the construction materials sector are now keen to expand their operations.The Lao government is currently working to improve the business environment ...

VIENTIANE (Vientiane Times/ANN) – Thai company, Brother Commercial Ltd is eyeing further opportunities for their business in the Lao market after a decade of distributing its products locally.The details were revealed by the firm during an official launch and press conference for the Brother brand ...

VIENTIANE (Vientiane Times/ANN) – Government officials and representatives of the business sector gathered for a workshop aimed at building greater understanding of the contents and dispute resolution under the United Nations Convention on Contracts for the International Sales of Goods (CISG).The workshop on CISG, held ...

VIENTIANE (Vientiane Times/ANN) – Government officials and representatives from the private sector have attended a workshop to learn about the rules and benefits of using “Declaration of Origin” under the Asean-Australia-New Zealand Free Trade Area (AANZFTA) Rules of Origin for Laos.More ...

VIENTIANE (Vientiane Times/ANN) – Exports from Savan Park (Zone C) in the Savan-Seno Special Economic Zone (SEZ) in Savannakhet province are expected to increase by 15 to 20 per cent this year due to rising production capacity.Savan Park achieved exports of more than US$400 million ...

VIENTIANE (Vientiane Times/ANN) – The organisers of THAIFEX-World Food of Asia 2019, a Thai food exhibition, are looking for business opportunities with Lao firms in the food and beverage sector, so they can expand their markets in Thailand and overseas.With this vision in mind, representatives ...

VIENTIANE (Vientiane Times/ANN) – The Lao banking sector is working to improve regulations and update preparations for implementing the Basel II principles, including learning about the International Financial Reporting Standard (IFRS 9).IFRS 9 is promulgated by the International Accounting Standards Board (IASB) and addresses accounting ...

VIENTIANE (Vientiane Times/ANN) – The Banque pour le Commerce Exterieur Lao Public (BCEL), representing the Ministry of Finance, has obtained agreement from the Lao-China Securities Company Limited (LCS), as its financial advisor and assurance authority, for the sale of 19 percent of BCEL’s shares held ...

VIENTIANE (Vientiane Times/ANN) – The Lao Furniture Association has asked authorities to do all they can to assist with the shipping of wood and furniture products purchased by foreign customers at exhibitions in Laos.Lao wood and furniture producers have been facing major challenges in exporting ...