The growth projection of Laos’ Gross Domestic Product (GDP) is forecasted to be 6.6 percent in 2019 and 6.7 percent by 2020, according to the latest update from the World Bank for East Asia and the Pacific. The key factor in the fast-track growth of the Lao economy is large infrastructure projects, Mongolia’s economy will […]
Read MoreThe government needs to put the digital economy firmly on its agenda to speed up the development of this global initiative, according to a senior official at the Ministry of Post and Telecommunications. Speaking at the ministry’s annual meeting at the beginning of this month, Director General of the Lao National Internet Centre, Mr Keovisouk […]
Read MoreTHE price of food products will be controlled during the Lao New Year (Pi Mai Lao) holiday and all international borders will continue their import and export services over this period. Services at international border crossings will not be disrupted during the holiday, and no bans or new changes will be imposed, the Export and […]
Read MoreLao President Bounnhang Vorachith called for more Lao workers to be employed by the Laos-China Railway Project when he visited a section of the railway under construction in Vientiane on Friday. According to project reports, about 16,000 people are employed in the construction of the 414km railway, of whom about 4,500 are Lao. The railway […]
Read MoreThe Bank of Thailand and the Bank of Laos PDR have signed a memorandum of understanding (MOU) on cooperation in the areas of financial innovation and payments systems in Chiang Rai yesterday after the meeting of the 5th Asean Finance Ministers’ and Central Governors’ Meeting and related meetings in Chiang Rai yesterday. Veerathai Santiprabhob, governor […]
Read MoreLAOS has taken a step towards the development of electric vehicle (EV) systems with the launch of a pilot project for vehicle battery charging stations. The Ministry of Energy and Mines is set to work with the private sector on the project as part of efforts to promote the use of EVs in Laos and […]
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