The Lao kip has continued to depreciate over the past week against the US dollar and the Thai baht, propelled by a supply-demand mismatch. Meanwhile the deposits in foreign currencies increased from 60.78217 trillion kip ($5.2 billion) in June 2021 to 75.39539 trillion kip in December 2021, according to the Bank of Lao PDR’s (BoL) […]
Read MoreThe process of investment in Laos will be more streamlined through a one-stop service system for investors under a Memorandum of Cooperation agreed to by Laos’ Ministry of Planning and Investment and the Japan External Trade Organization (JETRO) Vientiane. The agreement was signed in Vientiane on March 23 by the Director General of the Investment […]
Read MoreResidents in Laos have begun to voice concerns about the impact of rapidly rising inflation on the cost of living. Inflation in Laos is set to move beyond a six-year high, jumping from 6.25 percent in January to 7.3 percent in February, according to the Lao Statistics Bureau. The rising cost of fuel and other […]
Read MoreThe Lao government has issued new legislation authorizing the export of natural wood products. The new regulation is aimed at boosting production and wood processing, as well as providing favorable conditions for natural timber export to foreign countries. According to the new legislation issued yesterday by the Minister of Industry and Commerce, Dr. Khampheng Xaysompheng, natural raw […]
Read MoreVietnam’s FLC Group and Laos’ Petroleum Trading Lao Public Company (PetroTrade) have signed a memorandum of understanding on developing the Vientiane-Vung Ang railway project. The signing took place in the Lao capital of Vientiane, with the ministers of Planning and Investment of the two countries witnessing. FLC and PetroTrade will jointly prepare to construct a railway […]
Read MoreThe refinery, located in Pek District, Xieng Khouang Province, has a storage capacity of 2,400,000 liters and will be able to produce 100 million liters of petroleum products per year, Lao Economic Daily reports. The refined petroleum products are expected to be distributed through the Lao State Fuel Enterprise, according to Vice President of the Yodngeum […]
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