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Lao PM calls for brainstorming on ways to drive growth

LAO Prime Minister ThonglounSisoulith has called on senior government officials in charge of economic affairs to explore ways to ensure that all revenue streams are fully utilised and to spur economic growth. The premier made the statement at a meeting held to disseminate and encourage the implementation of the resolution agreed at the 7th Plenary […]

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Central banks of Cambodia, Laos discuss cooperation

The central banks of Cambodia and Laos yesterday agreed to strengthen cooperation to boost their banking sectors and train their workforce. Speaking to reporters yesterday after the annual meeting between representatives of the National Bank of Cambodia (NBC) and the Bank of Lao PDR, NBC’ governor Chea Chanto said the two banking institutions agreed to […]

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Laos: Govt announces list of controlled businesses

Prime Minister Thongloun Sisoulith has approved a list of businesses that are subject to government control, while also stating that types of business not on the list would find it easier to operate. An official from the Enterprise Registration Office said yesterday that from now on it would be easier for businesses not included on […]

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Laos: Party adopts nine urgent measures to drive economy

The Central Committee of the Lao People’s Revolutionary Party recently adopted core and urgent measures to drive the macro economy which is currently encountering some difficulties. New state investment must focus only on projects which are economically efficient, except for recovery projects following damage from natural disasters, according to the measures. Urgent action must be […]

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Laos Expects More Private Investment This Year

The Communist Lao government expects domestic and foreign private investment to climb to 23,086 billion kip ($2.7 billion) in 2019 from around $2.36 billion last year, accounting for 52.06 per cent of total investment or 13.95 per cent of GDP, the Vientiane Times reported. The figure was revealed on January 9 at the Lao central and provincial […]

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