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CLMVT: The new value chains

Three driving forces are shaping new forms of value chains, with implications for Southeast Asia. The first is the growth of the CLMVT — Cambodia, Laos, Myanmar, Vietnam and Thailand — region. The gap between advanced economies and emerging markets is closing, and our region is catching up very fast. But the concurrent rise in […]

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Laos’ Xieng Khuang vows to approve investment projects within two weeks

Xieng Khuang provincial authorities have announced plans to approve all investment project proposals within two weeks without any delays. Provincial governor Bounton Chanthaphone told Vientiane Times recently that the province’s investment committee will no longer delay any investment projects that annoy private enterprises and make them retreat from the province. “If companies really want to […]

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Lower economic growth rate in Laos sparks worry

A lower economic growth rate has sparked concerns that Laos may not meet the average targeted rate of 7.2 per cent as part of the country’s five-year economic development plan for 2016-2020. Economic growth in Laos has reached only 6.7 per cent over the past four years, which is lower than the target approved by […]

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Philippines bans pig imports from Laos

GENEVA: The Philippines has banned imports of pigs and pig products from Laos due to an African swine fever outbreak, it said in filings published by the World Trade Organization on Tuesday. The Philippines’ move follows similar steps by China and Thailand, following an outbreak in Laos’ southern province of Saravane. The Philippines also said […]

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Lao gov’t aims to lower electricity prices

The Lao Ministry of Energy and Mines is trying to cut electricity prices so that power is affordable for local residents and businesses. Many consumers in Laos have been complaining about their escalating electricity bills. The tariff is high when compared to neighboring countries, Lao Minister for Energy and Mines Khammany Inthirath, acknowledged at the […]

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Laos says China-Laos railway creates job opportunities

The China-Laos railway will create thousands of local jobs when the project becomes operational in 2021, a Lao government official said. Accordingly, the Lao government is planning to build a Lao railway vocational technical college with assistance from China to train and supply professional railway personnel. Lao Deputy Minister of Education and Sports Kongsy Sengmany […]

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