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Laos has huge potential for labour export

Tens of thousands of Lao nationals entered the international labour market in 2017, raising hopes that Laos can turn this business into a new foreign exchange earner. According to data from the Lao National Statistics Bureau, Laos supplied about 49,000 labourers to the international market in 2017 through a bilateral labour cooperation mechanism. The bureau […]

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Vietcombank Opens First Overseas Bank In Laos

(KPL)The Joint Stock Commercial Bank for Foreign Trade of Vietnam, Vietcombank, officially inaugurated its Vietcombank in Vientiane on Oct 19. Located on Lane Xang Avenue, a finance-banking hub in downtown Vientiane, the Vietcombank Laos chapter has a charter capital of US$ 80 million, the highest among Vietnamese credit institutions in the country. Vietcombank Laos will […]

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Ministry to think of ways to help Lao farmers find markets

VIENTIANE (Vientiane Times/ANN) – The Cabinet has directed the Ministry of Industry and Commerce to play the role of a coordinator to develop policies and mechanisms that facilitate Lao businesses. The Cabinet, under the leadership of Prime Minister Thongloun Sisoulith, adopted this resolution at its monthly meeting held on October 19, according to a media release […]

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Laos commercial agricultural production increases

VIENTIANE (Vientiane Times/ANN) – Agricultural production in Laos is mainly of three types – native agriculture, mixed crop plantation and commercial production, the Department of Planning and Finance under the Ministry of Agriculture and Forestry stated at a seminar to mark World Food Day and International Day and National Week for Poverty Eradication in Vientiane […]

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