VIENTIANE (Vientiane Times) – Laos needs about 46,500 billion kip of investment or 27 per cent of Gross Domestic Product (GDP) for development in 2020 to ensure the country’s steady economic growth. Of this amount, 4,750 billion kip, or 10.2 per cent of the total, will be taken from the domestic budget, Deputy Prime Minister […]
Read MoreThe Lao government has instructed dealers who import and sell vehicles to present their documents no later than November 29, in a move to address illegal vehicle imports. Those who fail to present their documents may lose their business license and will not be allowed to import vehicles, according to Vientiane Times. The Ministry of […]
Read MoreVIENTIANE (Vientiane Times/ANN) – Prime Minister Thongloun Sisoulith yesterday expressed optimism that economic growth would recover in the near future, saying the current stagnation was necessary because the government was attempting to put the economy on a sustainable path. “The slower growth of the economy is necessary because the economic base is being transformed to a […]
Read MoreLao Securities Exchange (LSX) has announced that the stocking trading of Phousy Construction and Development Public Company (PCD) has been suspended due to the failure of disclosure. In particular, PCD failed to disclose a semi-annual report for 2018, annual report for 2018 and semi-annual report for 2019, according to a statement by LSX. “LSX shall suspend stock […]
Read MoreWe reiterated our intention to work towards the completion of the India-Myanmar-Thailand Trilateral Highway Project and its extension to Cambodia, Lao PDR and Viet Nam, said a source from the statement of the 16th ASEAN-India Summit in Bangkok, Thailand. The Trilateral Highway project includes three new major bridges, repair and strengthening of four existing major […]
Read MoreLaos plans to regulate imports of consumer goods, in a move to promote domestic production while curbing rising exchange rates. Lao products are struggling to compete in terms of price and production amid increasing goods imported from neighboring countries, both legally and illegally, Vientiane Times reported. The trend is also driving up the exchange rate of foreign […]
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