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Laos’ international standard dry port receives funding boost

The Thanaleng Dry Port, part of an integrated logistics facility in the capital Vientiane, has received new financing for its development and equipment costs to modernise and deliver world-class services. The International Finance Corporation (IFC), as the lead arranger, has arranged a financing package of US$67 million to fund the development, construction, and equipment costs […]

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Laos Exports Sticky Rice to China through Railway System

Laos exported the first large quantity of sticky rice to China from the Southern Vientiane Railway Station. Vientiane Times reports that Indochina Development Partners Lao (IDP) shipped 100 tons of sticky rice to China via the Laos-China railway system at the Southern Vientiane Railway Station. Since 2005, IDP has been investing in rice planting and […]

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New Economic Corridor to Boost Regional Trade through Laos

The World Bank’s Board of Executive Directors has authorized a USD 132 million project to boost climate-resilient transport connections and regional commerce along an east-west route in northern Laos. The Southeast Asia Regional Economic Corridor and Connectivity Project is designed to complement the Association of Southeast Asian Nations (ASEAN) Master Plan on Connectivity. The new […]

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Laos Sees Trade Deficit of USD 102 Million in April

Laos posted a trade deficit of 102 million US dollars in April, the first trade shortfall in 2022 following three months of trade surplus. According to the most recent data from the Lao Trade Portal website, the overall value of trade in April was 950 million US dollars, with 424 million US dollars in exports and […]

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Laos Economy Short-changed by Foreign Currency Outflows

Foreign currency outflows have outpaced inflows, resulting in a lack of foreign currency, and making it harder for the economy to import commodities. Vientiane Times reports that Bank of Laos Governor Sonexay Sithphaxay informed the media recently that only 33 percent of the total export value entered the Lao economy through the banking system over the past four months […]

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