VIENTIANE, Feb. 28 (Xinhua) — The International Monetary Fund (IMF) has predicted that Laos’ gross domestic product (GDP) will grow at 6.8 percent in 2017, less than the government’s projected rate of 7 percent. The IMF concluded a consultation with Laos in mid-February, describing Laos’ challenges in dealing with the current account deficit, falling foreign […]
Read MoreVientiane (VNA) – Officials of Vietnam and Laos have agreed to further promote all-around ties between the two countries, especially in defence, security, economy, trade, investment, education and culture. Le Hong Anh, Politburo member and permanent member of the Party Central Committee Secretariat, and his Laos counterpart Bounnhang Volachith reached the consensus during their meeting […]
Read MoreNew requirements for companies seeking to import petroleum to Laos are being reviewed or devised after the government made a decision last month to reduce the number of fuel companies from 22 to five. Those which fail to meet the new requirements will have to halt or be encouraged to turn to other businesses, according […]
Read MoreLaos is currently facing a variety of chemical management issues due to a shortage of a full set of regulations, adequate knowledge, the proper equipment and a satisfactory budget. At the 11th Regional Chemicals Management Forum held yesterday in Vientiane, Deputy Director General of the Industry and Handicrafts Department under the Ministry of Industry and […]
Read MoreVietnamese Deputy Prime Minister Nguyen Xuan Phuc and his Lao counterpart Somsavad Lengsavat on November 2 co-chaired a conference on economic and investment cooperation between Vietnam’s Central Highlands and southcentral provinces and Laos’ central and southern provinces. Deputy Prime Minister Nguyen Xuan Phuc addressing the conference As many as 80 representatives of Vietnamese […]
Read MoreVOV.VN – Vietcombank has submitted a request to the Financial Supervisory Commission to open a branch in Vientiane, the capital of Laos. Vietcombank said it has sought approval from financial authorities in Laos to open the branch as soon as possible. The Vientiane branch would be the first foothold established in Laos by the bank. […]
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