After months of deliberation, Laos’ Prime Minister Thongloun Sisoulith announced this week that the country’s minimum wage will increase from 900,000 kip ($108) to 1.1 million kip per month. This rise is set to take effect from early next month. The Lao Federation of Trade Unions (LFTU), a state-sponsored union organization, had petitioned for the minimum wage […]
Read MoreThe government has approved a minimum wage increase from the present 900,000 kip to 1.1 million kip a month, according to the Prime Minister’s Office. The pay rise is expected to take place from May 1 this year when Laos celebrates International Labour Day and should bring pride and pleasure to all Lao workers. The […]
Read MoreLaos attaches great importance to Asean cooperation, believing that the 10-nation bloc will bring positive changes to the land-locked country in the near future. New Ambassador and Permanent Representative of Laos to Asean, Mr Ekkaphab Phanthavong has highlighted the role of Asean in the international arena and how the bloc will benefit Laos. The New […]
Read MoreSAVANNAKHET, Laos (Vientiane Times/ANN) -The government is encouraging more Malaysian businesses to invest in several sectors in Laos, especially the 12 special economic zones spread across the country. Malaysia is currently ranked 4th in the list of foreign investors after China, Thailand and Vietnam, with investments of US$795 million in 99 projects. Electricity generation is […]
Read MoreThe construction cost of many projects with State investment have been found to be too expensive and exceeding the realistic value, inspectors have confirmed. Though stronger measures have been put in place to address such problems, overvalued development projects continue to come up in Laos, causing great damage to the nation. The Ministry of Planning […]
Read MoreSmall and medium enterprises (SME) are set to enjoy easier access to finance thanks to a new financial cooperation scheme between Laos and China. Under the scheme, Lao SMEs can access low-interest loans from a total pot of more than 2,487 billion kip (US$300 million), Chinese ambassador to Laos Wang Wentian told Lao and Chinese […]
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