(KPL) The Ministry of Finance has admitted that the government faced a deficit of government budget of over 950 billion kip in the first quarter of this fiscal year. This was reported by the Minister of Finance, Mr Somdy Douangdy, at the 3rd Ordinary Session of the National Assembly (8th legislature) which opened on Tuesday […]
Read More(KPL) Laos’ gross domestic product last year saw a growth of only 7 percent, amounting to 108,605 billion kip (USD 13.27 billion) that was lower than the expected 7.5 percent, as a consequence of the global economic turndown, a decrease in copper prices and climate change. The Minister of Planning and Investment, Mr Souphanh Keomixay, […]
Read More(KPL) In an interview with local media, a senior official of Asian Develoment Bank (ADB) has noted that Laos has recorded a strong economic growth over the last decades with 7.8 percent economic growth per annum recorded over the last 10 years. “When I look back (over the past) 50 years, I am quite impressed […]
Read MoreHIGH LOGISTICS costs in Laos are still a major obstruction for business operations throughout the domestic private sector and can also deter investors, a recent study suggests. Logistics costs in Laos are as high as double those of other Asean countries, according to the Japan External Trade Organisation. A study conducted by a Jetro survey […]
Read MoreHigh logistics costs in Laos are still a major obstruction for business operations throughout the domestic private sector and can also deter investors, a recent study suggests. Logistics costs in the country are as high as double compared to other neighbouring or Asean countries according to the Japan External Trade Organisation’s (JETRO) survey team. A […]
Read MoreA NEWLY amended investment promotion in Laos will cut by half the maximum investment period for new concession projects to 50 years, down from previous requirement of 99 years. The move is aimed at maximising investment benefits for the Lao economy, said an official from the Ministry of Planning and Investment involved in the drafting […]
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