The International Monetary Fund (IMF) is predicting a favourable outlook for Laos’ economic growth in the upcoming years despite the present difficulties. The international financial institution unveiled its projection last week as part of the Article 4 Consultation with the Lao PDR mission, which took place in Vientiane in May. The projection states that ongoing […]
Read MoreThe World Bank is optimistic about economic growth in Laos, which is projected to rebound to 6.5 per cent this year, rising from 6.3 per cent recorded last year. Despite continued fiscal tightening, the pick-up is expected to be driven by robust investment in mega infrastructure projects including the Laos-China railway, according to the latest […]
Read MoreA senior Lao government official has warned that unregistered currency exchange services that violate currency regulations must be punished. A number of foreign currency exchange services in Laos are openly flouting regulations, exacerbating the fluctuation of exchange rates, Vice President of Lao National Chamber of Commerce and Industry (LNCCI,) Ms Valy Vetsaphong said during a consultative meeting […]
Read MoreChinese investors and companies will soon be able to conduct transactions through the Alipay system in Laos. The Lao Development Bank (LDB) entered into an agreement with KIWI Company Limited last week to roll out the service. KIWI – established by French, Belgian and Laotian entrepreneurs in 2016 – is a leading fintech operator in […]
Read MoreIndonesia’s Mandiri Bank, a state-owned institution, has announced its intention to enter the Cambodian and Laotian markets and has set up large investment funds to aid the move. For in depth analysis of Cambodian Business, visit Capital Cambodia Local media reported on Friday that Rohan Nafas, Mandiri Bank corporate secretary, said the bank is now studying […]
Read MoreTraders in the northern provinces of Laos now have fewer options for getting their goods into China after Chinese authorities banned imports through local border checkpoints. All products, including agricultural goods, can now enter China only at the main international border crossing at Boten in Luang Namtha province, according to Lao industry and commerce officials. […]
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