The Asian Development Bank’s (ADB) Board of Directors will deliver US$421 million in assistance through 2020 to Laos to support a new 4-year country partnership strategy. The new partnership strategy will help Laos achieve more inclusive and sustainable economic growth by diversifying its economy, increasing trade with its neighbours, and boosting private investment in small- […]
Read MoreCambodia as a member of the six-nation Greater Mekong Sub-region (GMS) endorsed a five-year action plan framework that includes $64 billion in projects to help the sub-region achieve inclusive growth and sustainable development. Ministers at the 22nd GMS Ministerial Conference on Friday celebrated 25 years of economic cooperation, acknowledging the achievements of an Asian Development […]
Read MoreThe value of private investment has exceeded the average annual target set at US$2.4 billion a year during the period 2016-2020, a minister has said. Laos has attracted 120 investment projects with approved capital of U S$7.5 billion over one year and nine months starting on October 1, 2015, when implementation of the five-year national […]
Read MoreThe government has intensified efforts to improve the business climate in an attempt to promote greater investment and drive growth in the domestic economy. The recently established Central Investment Promotion and Management Committee has been holding regular meetings to discuss issues to better facilitate investment, Deputy Minister of Planning and Investment Dr Kikeo Chanthabouly told […]
Read MoreHANOI – The Bank for Investment and Development of Vietnam (BIDV) and the Banque Pour Le Commerce Exterieur Lao Public (BCEL) will continue to promote their cooperation from 2017 to 2020. This was stipulated in an agreement inked by the two banks in Hanoi on Wednesday. Speaking at the signing ceremony, BIDV General Manager Phan […]
Read MoreThe government has forecast that Laos will record a trade surplus of US$37 million next year due to various factors further boosting exports. Minister of Planning and Investment Dr Souphanh Keomixay told Vientiane Times on Monday that hydropower will be one of the main drivers driving exports. The prices of minerals and some agricultural products have seen […]
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