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Laos: Govt approves Vientiane-Vangvieng expressway corridor, legislation

The government has approved the Vientiane-Vangvieng expressway’s corridor and legislation in a move to boost socio-economic development. The approval was made at the monthly cabinet meeting for May, chaired by Prime Minister ThonglounSisoulith and attended by the cabinet members. The 113.7-km corridor is part of the envisioned Vientiane-Boten expressway that the government wants to develop. […]

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Laos: Oil pipeline project to cut petrol prices

A planned oil pipeline project connecting a Vietnamese harbour to the central province of Khammuan will reduce oil prices significantly, a feasibility study has shown. The price of gasoline in Khammuan province could be reduced as much as 600 kip per litre – from 7,500 kip per litre to 6,900 kip – once the project […]

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Laos has yet to fully benefit from trade privileges

Although Laos is enjoying Generalised System of Preferences (GSP) exemption from over 50 nations around the world, the country is still unable to fully benefit from the special treatment. The Ministry of Industry and Commerce recently described a number of challenges Laos is facing in order to fully benefit from trade privileges. One of the […]

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Laos: Private investment needed to drive growth: economists

Economists have cautioned that cutting spending could impact Laos’ economic growth, so the government needs to further create favourable conditions to strengthen the private sector. According to the government’s recent report, investment by domestic and foreign businesses represented more than half the entire investment driving the country’s economic growth. A senior economist at the National […]

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