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Laos, China ink $4.5 million deal on cooperation projects

THE Lao and Chinese governments have signed a funding agreement designed to finance a range of projects under the Mekong-Lancang cooperation framework. Deputy Minister of Foreign Affairs Thongphan Savanphet and Chinese Ambassador to Laos Jiang Zaidong on Friday signed the agreement on the Mekong-Lancang cooperation special fund for 2018 at the Lao Ministry of Foreign […]

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Brunei, Laos ink business agreements to further ties

BANDAR SERI BEGAWAN (Xinhua) – A series of business and education agreements were signed between Brunei and Laos to strengthen bilateral relations during the two-day visit of Lao Prime Minister Thongloun Sisoulith to the sultanate. The Lao prime minister and his delegation of 60 were in the sultanate during the weekend upon the invitation of […]

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Laos-Vietnam trade over $1 bln in 2018

VIENTIANE (Xinhua) – The combined trade value of imports and exports between Laos and Vietnam rose and crossed the $1 billion mark in 2018. According to daily Vientiane Times on Friday, in 2018, Laos earned about $723.5 million from goods exported to Vietnam and spent $552.2 million on imported goods, according to the Ministry of Industry and […]

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Rail to boost Lao, Thai trade nomies

THE frequency of Lao and Thai people visiting each other’s country will increase, and so will the growth of trade and cooperation in product development. Khon Kaen provincial governor Somsak Changtragul said he is sure that this will happen once the Laos-China railway is complete. The railway will play a significant role in linking the […]

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Lao border province’s economy grows by 8%

LAOS’ Champasak province’s economy saw growth of 8.15 per cent last year, 0.02 per cent more than the 8.13 per cent figure endorsed by the National Assembly. Gross Domestic Product (GDP) hit 19.142 trillion kip ($2.248 billion) or 115.63 per cent of the 2018 target of 16.554 trillion kip, while average annual per capita income […]

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Lax registration set to improve Lao business environment

INVESTORS and business operators in Laos will no longer find it so difficult to register their enterprise after the Ministry of Industry and Commerce unveiled a new plan that will cut the registration time to 10 working days. Minister of Industry and Commerce Mrs Khemmani Pholsena issued the ministerial agreement on enterprise registration on January 9 and […]

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