Mega hydropower and mining projects set to be implemented are among those to drive the economic recovery in 2021 after the severe impacts from Covid-19, Prime Minister Thongloun Sisoulith told the National Assembly (NA) on Tuesday. Large investment projects to be implemented along the nearly-finished Laos-China railway and Vientiane-Vangvieng expressway are additional important drivers as […]
Read MoreThe World Bank’s Board of Executive Directors last week approved US$40 million in emergency finance support for small and medium-sized businesses in Laos to help them recover from the impacts of the COVID-19 pandemic, the bank said in a press release. The funding will be channelled through the World Bank’s ‘Micro, Small, and Medium Enterprise […]
Read MoreThe government is temporarily reopening some “local” and “customary” border crossings in a bid to revive the economy and minimise the impacts of the Covid-19 pandemic. The move is part of government efforts to balance the imposition of measures to contain the virus with the easing of restrictions to enable businesses to import and export […]
Read MoreLaos is set to begin a fast-track immigration service next week that will allow Chinese nationals to cross the border more easily with shorter quarantine time amid the travel restrictions in place to prevent the spread of Covid-19. Several brand-new measures are expected to be employed to facilitate travel for Chinese nationals while ensuring that […]
Read MoreRecovery in CLMV countries will be slow and choppy, with binary risks, conditional on containing a “second wave” said Maybank Kim Eng in a report on Monday. Analysts Linda Liu and Chua Hak Bin maintained VIetnam’s GDP growth at +2.9 per cent for 2020 but lowered their forecasts for Cambodia, Myanmar, and Laos. Cambodia specifically […]
Read MoreA new Special Economic Zone project in Vang Vieng has reported progress in its feasibility study and socio-economic impact studies. The project, which will cover some 7,000 hectares, lies to the west of the Xong River. According to a report by KPL News, Chinese investor Lao-Vang Vieng New Area Development Company has spent two years undertaking […]
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Thailand
