VIENTIANE (Vientiane Times/ANN) – The management of the Lao currency is being moderately implemented across the country and it is stable as the rate of inflation stands at 1.5 per cent. However, the National Assembly (NA) has given the government the task of bringing the currency exchange rate below 5 percent by the end of this […]
Read MoreThe Lao government has announced it will reduce the nation’s overreliance on natural resources as it seeks to grow the economy despite the recent slowdown. Speaking at the National Assembly (NA) session recently, Prime Minister Thongloun Sisoulith said although the Lao economy is set to grow 6.5 per cent this year, it relies too much […]
Read MoreLao PDR has experienced rapid economic growth over the past 25 years. While this growth has contributed to lower rates of poverty, it has not been widely shared, and inequality has widened. Growth has been largely attributed to natural resource-based sectors, large infrastructure projects, and public sector spending. To sustain strong growth in the future, the private sector […]
Read MoreVinamilk, Vietnam’s largest dairy company, has teamed up with Lao and Japanese businesses to build an organic dairy farm and resort in Xieng Khuang province. Construction of the project officially kicked off on the Xieng Khuang plateau last week. The groundbreaking ceremony was attended by Deputy Prime Minister Dr Sonexay Siphandone, senior officials from Laos […]
Read MoreLao Airlines, the country’s national flag carrier, announced that it will start flying to Phnom Penh again in October. For in depth analysis of Cambodian Business, visit Capital Cambodia Laos Ambassador to Cambodia Amphay Kindavong on Friday told Cambodian Tourism Minister Thong Khon that the airline will restore its flight connecting the capitals of both countries […]
Read MoreVIENTIANE (Vientiane Times/ANN) – The Lao government has set a target of reducing the trade deficit with Vietnam to about US$227 million this year, with the country producing more products for export. The value of imports from Vietnam to Laos is expected to touch US$985.3 million, and Laos plans to achieve exports of US$757.9 million, according […]
Read More
Thailand
