Although Laos is enjoying Generalised System of Preferences (GSP) exemption from over 50 nations around the world, the country is still unable to fully benefit from the special treatment. The Ministry of Industry and Commerce recently described a number of challenges Laos is facing in order to fully benefit from trade privileges. One of the […]
Read MoreWork is gearing up for the planned building of a railway to connect Vientiane to the Vung Ang seaport in Vietnam after the two countries agreed to move forward with the project. The two governments last month signed a Memorandum of Understanding in Vientiane agreeing to work together towards realising the Vientiane-Thakhaek-Muya railway, linking the […]
Read MoreEconomists have cautioned that cutting spending could impact Laos’ economic growth, so the government needs to further create favourable conditions to strengthen the private sector. According to the government’s recent report, investment by domestic and foreign businesses represented more than half the entire investment driving the country’s economic growth. A senior economist at the National […]
Read MoreLaos’ government has announced that some new development projects planned for this year could be postponed until next year if Laos faces a revenue shortfall in 2017. The government is also committed to tightening budget expenditure by trimming its administrative budget and, if they are considered to be non-essential, the government might not approve new […]
Read MorePrime Minister ThonglounSisoulith and his delegation are officially visiting Malaysia from May 9-10 at the invitation of Prime Minister Dato’ Sri NajibTun Abdul Razak. This is MrThongloun’s first visit to Malaysia since taking the top government post a year ago. His visit aims to strengthen the long-standing friendship and good cooperation between the two countries. […]
Read MoreThe World Food Programme (WFP) has granted more than US$85 million (682 billion kip) to help the Lao government achieve the Sustainable Development Goal targets, as well as middle-income country status. A Memorandum of Understanding was signed on Friday by Deputy Minister of Planning and Investment, DrKikeoChanthaboury, and WFP County Director and Representative, Ms Sarah […]
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