(KPL) The Asian Development Bank (ADB) and the government of the Lao PDR on Oct 16, 2018 signed grant agreements worth US$ 125.5 million in total for three projects in the tourism and urban sectors. The agreements were signed in Vientiane by Deputy Minister of Finance Thipphakone Chanthavongsa and ADB Country Director to Laos Yasushi […]
Read MoreThe Lao inflation rate continued to increase above 3 percent in September despite the government introducing a number of measures to control the price of goods in local markets. The Lao National Statistics Bureau announced this week that the Consumer Price Index (CPI) reached 105.73 points in September, increasing from 104.96 points in August. The […]
Read MoreQuang Ninh (VNA) – The seventh seminar on Vietnam-Cambodia-Laos cooperation took place in Vietnam’s northern province of Quang Ninh on October 15, highlighting the significance of economic ties between the three countries. The annual event was held by the Vietnam Academy of Social Sciences (VASS), the Royal Academy of Cambodia (RAC), and the Lao Academy of […]
Read More(KPL) Lao firms and households are expected to benefit from a new US$13-million project, approved on Sep 27, 2018 by the World Bank’s Board of Executive Directors, which will promote reforms to the business environment, for instance reducing the number of days needed to start a business. The Lao PDR Competitiveness and Trade Project will […]
Read MoreThe Bank of Thailand has initiated a cross-border fund transfer with Cambodia, Laos, Myanmar and Vietnam (CLMV) by scanning QR codes in a move to facilitate deeper integration in the region. The money transfer service will help lower fund transfer costs in the region, particularly CLMV migrant workers in Thailand who are now charged 10% of […]
Read MoreDevelopment and investment opportunities in Laos and the region along with the nation’s exciting potential have been showcased at the Boao Forum held in Vientiane from September 28-29. The synergies between the Chinese Belt and Road Initiative (BRI) and the Southeast Asian region’s development strategy, especially significant development in Laos as a link between Asean […]
Read More
Thailand
