The Lao government will hold negotiations with China to seek market openings for the export of more than 90 agricultural products by 2025. Minister of Agriculture and Forestry Dr Phet Phomphiphak spoke about the government’s goals for exports at a recent event in Vientiane for the signing of a cooperation agreement by AIDC Trading Sole […]
Read MoreThanaleng Dry Port (TDP) and Vientiane Logistics Park (VLP) – two mega infrastructure projects – are set to significantly bolster the Lao government’s efforts to transform Laos into a logistics link and land-linked country within the region and beyond. The TDP is a dry port of international importance, approved by the UNESCAP through Resolution No […]
Read MoreChinese businesses have signed an agreement to purchase nine types of agricultural produce from Laos in a deal worth over USD 1.5 billion. The nine agricultural products China will purchase from Laos include beans, cassava flour, frozen beef, cashews, mangos, durian, soybeans, bananas, and sugar, according to a report by Pasaxon Newspaper. A signing ceremony took place […]
Read MoreLaos recorded a trade deficit of USD 64 million in April, according to information from the Lao Trade Portal. Xinhua reports that exports from Laos in April totaled USD 427 million, while imports totaled USD 491 million. Major exports included copper ore, bananas, gold bars, cassava, clothing, coffee, sugars, rubber, and pulpwood. Land vehicles were among the […]
Read MoreThe government has extended the lockdown for another 15 days until May 20 in an ongoing effort to contain the Covid-19 outbreak as new cases continue to surge. The National Taskforce for Covid-19 Prevention and Control announced to continue imposing the measures in a press conference on Tuesday. The government has imposed a lockdown in […]
Read MoreThe year-on-year inflation rate continued to rise in Laos last month amid economic distress triggered by the Covid-19 pandemic. According to the Lao Statistics Bureau, the Consumer Price Index (CPI) stood at 114.42 points last month, indicating an inflation rate of 2.48 per cent year-on-year. This was up from the 1.91 per cent recorded in […]
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