The World Bank and the Government of Laos have agreed to scale up a Competitiveness and Trade Project that will assist businesses in Covid-19 recovery. The additional financing will provide a USD 6.5 million grant through the Lao Competitiveness and Trade Multi-Donor Trust Fund supported by Australia, Ireland, and the United States. The extra funding […]
Read MoreThe Laos-China railway could be a game changer for the development of Laos but the government must have a clear plan on how to maximise the advantages offered by the US$5.9 billion railway, a businesswoman has said. Vice President of the Lao National Chamber of Commerce and Industry, Ms Valy Vetsapong, told Vientiane Times on Monday that […]
Read MoreLaos recorded a trade surplus in September, with exports topping imports for the first time in recent months. According to data from the Lao Trade Portal website, Laos enjoyed a total trade value of USD 777 million in September, with exports reaching USD 447 million, while imports were valued at USD 330 million. Major exports included copper […]
Read MoreA senior Lao leader has highlighted the need to accelerate digital transformation in line with sustainable development, while attending the ITU Digital World 2021 conference from October 12-14. A ceremony marked the 50th anniversary of the first ITU Telecom meeting, the forerunner of this year’s largely virtual conference and exhibition. Co-hosted by Vietnam and the […]
Read MoreGolden Triangle Special Economic Zone developers in Bokeo province have asked the province’s Covid-19 taskforce to ease the procedures around the importing of workers, so that operations can take place with less disruption. Vice Chairman of the Board of Directors of the Golden Triangle Special Economic Zone, Mrs Chen Zhong, said recently that the Covid-19 […]
Read MoreThe Japanese company that developed the National Bank of Cambodia’s Bakong digital wallet has launched a similar project with Laos. Blockchain specialist Soramitsu said it had signed an agreement with the Bank of the Lao PDR to look into the creation of a Central Bank Digital Currency (CBDC). Work could begin as early as this […]
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