The number of domestic and foreign tourists visiting the provinces declined drastically last year compared to the same period of 2019 due to the effects of the Covid-19 pandemic. Champassak province received just over 117,000 visitors, down about 90 percent compared to 2019, an official from the province’s Information, Culture and Tourism Department, Mr Soulichan […]
Read MoreThe first industrial explosives factory in Laos was officially opened on Monday and is expected to begin producing explosives soon. According to a report by Lao Phattana News, the site is the first industrial explosives factory to be built in Laos, aimed at producing safe civil explosives. Deputy Director of the General Technical Department, Ministry of National […]
Read MoreThe government has issued a decree to promote the participation of both domestic and foreign investors in the development of infrastructure and public service delivery projects through private-public partnerships (PPP). PPP projects are proliferating in Laos because the government requires huge investment to improve road networks, railways, and other amenities to boost economic growth. Economists […]
Read MoreCentara Hotels & Resorts has expanded its footprint in south-east Asia following the signing of hotel management agreements for three new properties. One resort is located in Khao Yai, Thailand, while the other two are situated in Vang Vieng, Laos. In total, the three properties add 304 keys to the group portfolio. In Laos, Centra […]
Read MoreThe communist government of the Southeast Asian country of Laos is targeting annual economic growth of 4% in its five-year socio-economic plan to 2025, which aims to maintain growth and improve infrastructure. The plan, outlined by Prime Minister Thongloun Sisoulith at the 11th Party Congress on Wednesday, aims to reach annual average per capita income […]
Read MoreWhile economic growth in the Lao PDR contracted in 2020 for the first time in over two decades, the economy is set to recover in 2021 and in the medium term, provided the impact of the COVID-19 pandemic is contained and business can resume with trading partners, according to a World Bank report released today. […]
Read More
Thailand
