Laos recorded a trade deficit of USD 24 million in August, according to information from the Lao Trade Portal. LTP reports that exports from Laos in August totaled USD 428 million, while imports totaled USD 452 million, making it the lowest trade deficit this year. Major exports included copper ore, bananas, gold bars, cassava, clothing, coffee, […]
Read MoreThe government of Laos has authorized six companies to trade and mine cryptocurrencies while relevant ministries are to draft regulations governing their use. According to a notice issued by the Prime Minister’s Office, six companies have been authorized to trial mining and trading cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. The companies that have been given the […]
Read MoreThe Lao economy is projected to steadily recover in the medium-term, but growth will remain below pre-pandemic levels at 4.5 per cent in 2022, according to a new World Bank report. The World Bank’s “Economic Monitor for Laos A Path to Recovery” highlighted the economic outlook and risks that could threaten the growth of the […]
Read MoreChina’s investment in Laos has climbed since 1989 to a cumulative $16 billion, but little of this money has benefited ordinary citizens, while the negative impact from Chinese development projects isn’t being counted accurately, Lao sources say. Sonexay Siphandone—Minister of Investment and Planning—told a meeting with Chinese investors last month that “Chinese investment takes top […]
Read MoreThe continuing Covid-19 pandemic has deepened the economic fallout in Laos over the second quarter of this year as employment fell off sharply and households and businesses suffered declining income and revenue, according to a World Bank survey. The latest round of the World Bank’s Rapid Monitoring Phone Survey, conducted in April-May this year among […]
Read MoreWith the Covid-19 pandemic expected to leave long-term impacts on global investment patterns and consumer behaviour, the CLMVT countries are counting on closer economic cooperation within Southeast Asia to help them benefit from each other’s strengths. That cooperation will help the region keep up with megatrends such as persistent geopolitical tension, fast changing technology and […]
Read More
Thailand
