The purchase and sale of foreign currencies between individuals and legal entities is illegal and is prohibited, with only commercial banks authorised to trade in foreign currencies, the central bank has warned. The Bank of the Lao PDR (BOL) on Monday issued a notice warning that the bank, in cooperation with the Ministry of Public […]
Read MoreThailand’s CP ALL Public Company plans to launch 7-Eleven convenience franchise stores in Laos by mid-2023. CP ALL Laos, a subsidiary of Thailand’s CP ALL Public Company, will open five 7-Eleven convenience stores in the cities of Vientiane Capital, Luang Prabang, and other provinces, according to Prachachat. Mr. Korsak Chairasmisak, CEO and President of CP ALL Public Company […]
Read MoreInflation in Laos has been rising steadily, with an average rate of 40.8 percent reported in the first quarter of 2023. According to Lao Youth Radio, the inflation rate increase can be attributed to the strengthening of the dollar due to the rise in policy interest rates in major economies, in addition to the restrictions on […]
Read MoreConstruction of a railway linking Vientiane with the Vung Ang seaport in Vietnam’s Ha Tinh province could begin at the end of this year or early next year, its developer has said. “If things go as expected, construction could begin at the end of this year or in the first quarter of next year,” Chanthone […]
Read MoreLaos has prohibited the import of Thai instant boat noodles, also known as Kuay Tiew Rua following reports of bacteria contamination in the product. The Department of Food and Drugs in Laos issued a notice earlier this month to ban the import of Lerros Instant Boat Noodles from Thailand as it contained an exceeding amount of the […]
Read MoreTo comply with the goal of the Party and the State to transform Laos from being landlocked to a central land link, and use the Laos-China railway to achieve maximum efficiency, on April 17, 2023, Speed International Transport Lao Co., Ltd. in Laos partnered with Speed Inter Transport Co., Ltd. in Thailand and Guangxi Dongxie […]
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