The National Assembly (NA) has approved an economic growth rate of at least 4.5 percent for 2023 as proposed by the government amid a global economic downturn. The agriculture sector is expected to grow at 2.5 percent, representing 17.2 percent of the Gross Domestic Product (GDP), while industry will grow at 5 percent, accounting for […]
Read MoreAccording to the Lao Trade Portal, the November trade deficit figure of USD 45 million is quite low compared to September and October figures of USD 233 million and USD 230 million respectively. The overall value of Laos trade was USD 1.08 billion in November this year, with USD 519 million in exports and USD […]
Read MoreAccording to the Lao Deputy Prime Minister, Mr. Sonxay Siphandone, who visited Ho Chi Minh City last week, the Lao government has placed a high priority on attracting Vietnamese investors, to grow the country’s economy. The Lao Deputy PM attended the Vietnam-Laos Trade and Investment Promotion Forum where he said that investments by Vietnamese enterprises […]
Read MoreThe Vientiane Logistics Park (VLP) and its associated Thanaleng Dry Port (TDP), Laos’ first ever integrated logistics hub, is offering lucrative opportunities for businesses, the project developer has told leading forwarder operators from the Association of Southeast Asian Nations (Asean). Delegates from the Asean Federation of Forwarders Association (AFFA) toured the landmark project last week […]
Read More“The prices of durian in Kunming this year have been lowered, indeed,” said Deng Xiaotian from a trade company in Kunming, southwest China’s Yunnan province, after unloading the last box of Monthong durians and stocktaking. Many citizens in Kunming have found the drop in durian prices in summer this year, and the lowest price was […]
Read MoreVietnamese entrepreneurs have so far poured investments worth US$5.34 billion into 238 projects in Laos, according to a report by VietnamPlus. Laos is now the largest overseas investment market for Vietnamese enterprises. Of the total, companies from Ho Chi Minh invested in 44 projects in Laos with a total registered capital of US$496 million. Meanwhile […]
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