The Siam Commercial Bank’s Economic Intelligence Center has predicted that these countries will see a momentum in economic growth this year, but it will be less than its growth potential before the COVID-19 pandemic. According to the Thai bank, the rebound will vary across these nations, based on economic fundamentals and risks specific to each country. The […]
Read MoreTwo-way trade revenue between Vietnam and Laos in 2022 grew 24% from the previous year to reach some 1.7 billion USD, beyond expectations of their leaders at the 44th meeting of the Vietnam – Laos Inter-Governmental Committee on Bilateral Cooperation earlier last year. Vientiane (VNA) – Two-way trade revenue between Vietnam and Laos in 2022 grew 24% from the […]
Read MoreThe Lao government remains unable to raise the minimum wage, despite rampant inflation the country faced in 2022. The current minimum wage in Laos is LAK 1,200,000, which was raised from LAK 1,000,000 in August of 2022. At that time the government claimed it would raise the minimum wage again to Lak 1,300,000 in May of 2023. […]
Read MoreA nationwide salary survey has been released by local research firm, Wise Research, commissioned by www.108.jobs – the largest job portal site in the country, providing detailed information on salary rates in various industries in Laos. The report comes as Laos bounces back from an economic downturn due to the Covid-19 pandemic. Amid volatile exchange rates and […]
Read MoreVietnamese commodities exported to Laos rose 10.4% last year to hit US$656.4 million, of which petroleum exports brought in US$125.4 million, up 439%, according to the Vietnamese Trade Office in Laos. December 2022 alone saw Vietnamese petroleum export to Laos skyrocket 721% to generate US$60.1 million in value. The sharp increase was attributed to Laos’ […]
Read MoreThe Economic Intelligence Centre of the Siam Commercial Bank forecasts the CLMV countries, namely Cambodia, Laos, Myanmar and Vietnam, will gain a stronger growth momentum in 2023, but remain below its growth potential prior to the COVID-19 outbreaks. The rebound will be uneven across countries, depending on economic fundamentals and country-specific risks, the centre said […]
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