The Bank of the Lao PDR has warned commercial banks, businesses and members of the public not to buy, sell or use cryptocurrency for money transactions as this practice is illegal. The central bank’s Transaction System Management Department recently issued the warning after learning that cryptocurrencies such as Bitcoin, Ethereum and Litecoin have been advertised […]
Read MoreVIENTIANE, May 16 (Xinhua) — The amount of electricity imported by Laos is likely to drop in 2019 as the country witnesses a surge in electricity generation, local daily Vientiane Times reported on Thursday. In 2018, Laos spent 15.4 million U.S. dollars on electricity imports, less than the 18 million U.S. dollars spent in 2017, […]
Read MoreNDO – A cooperation agreement was inked between the Vietnam Business Association for Cooperation and Investment in Laos (Viet-Lao BACI) and the Young Entrepreneurs Association of Laos (YEAL) in Vientiane on May 14. Among attendants were Vietnamese Ambassador to Laos Nguyen Ba Hung, Deputy Secretary of the Lao People’s Revolutionary Youth Union (LPRYU) Central Committee […]
Read MoreVIENTIANE (Vientiane Times/ANN) – The Thai companies PTT (Lao) Co., Ltd. and Zixgar Group Ltd. are looking at food business opportunities in Laos with a focus on travellers and office workers as their main customers. This sector is particularly appealing after the explosion in the number of coffee cafés, according to a government official. A Memorandum […]
Read MoreThe Korea Electric Power Corporation (Kepco) hopes to expand its power equipment business as well as explore other avenues of cooperation with Laos’ energy sector. A business meeting between representatives of Laos’ Ministry of Energy and Mines, Electricite du Laos (EDL), and Kepco as well as related sectors from Lao and the Republic of Korea […]
Read MorePresident Bounnhang Vorachit has voiced the Lao government’s support for the China-led Belt and Road Initiative, saying the global project will help to transform Laos from being landlocked into a land link. Speaking at a session of the Second Belt and Road Forum for International Cooperation in Beijing last weekend, the president said the Belt […]
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