Laos’ budgetary tensions have forced the government to cut spending in State investment projects in a move to prevent the country from being dragged further into chronic debt. Therefore some new State investment projects planned for this year might be postponed until next year following the government’s projection that the country’s revenue collection will attain […]
Read More(KPL) Currently, almost 90 percent of new graduates are without jobs, with the labour market demand at only 10 percent of total graduates. Every year, about 1,000 students graduate from universities and colleges nationwide, but as the demand is only for only 10 percent of them, there is a shortage of jobs. About 80-90 percent […]
Read MoreTHE EXPORT-IMPORT Bank of Thailand plans to open two more representative offices in Laos and Cambodia at the end of this year and early next year to double loans for Thai investors expanding into Indochina. Vietnam is the next step, president Pisit Serewiwattana said after the opening of Exim Bank’s first rep office in Yangon […]
Read MoreBusiness loans given to private companies have not increased this year since the government limited finance granted to developers for carrying out infrastructure projects. Bankers who asked not to be named told Vientiane Times on Tuesday that construction businesses have slowed down in recent months. Construction projects including roads have halted because companies are facing […]
Read MoreMudman Plc, an authorised franchisee of Au Bon Pain bakery chain in Thailand, has obtained the rights to expand the bakery into Cambodia, Laos, Myanmar and Vietnam (CLMV). The move is to capture increasing demand for lifestyle products, particularly food, among the CLMV market’s growing middle class. An improved economic situation in these countries has […]
Read More(KPL) Laos and Thailand have agreed to double bilateral trade and investment over the next five years from 2017-2021. The agreement was made at a bilateral meeting of the two governments between Deputy Prime Minister and Minister of Finance of Laos Somdy Douangdy and Thai Deputy Prime Minister Somkid Jatusripitak held in Vientiane Capital last […]
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