The value of investment by Vietnamese companies in Laos reached US$180 million in 2022, an increase of 52.5 percent, according to a VietnamPlus report. In the meantime, Lao companies are operating 10 investment projects worth over US$71 million in Vietnam. The figures were revealed during the two countries’ investment cooperation conference held in Vientiane last […]
Read MoreLao Brewery Company has issued a notice stating the need to adjust production costs for the first time in 2023. In a notice to consumers, the company confirmed that it has raised the prices for some of its products from 11 January onwards. This time around, the company provided no explanations for the new price […]
Read MoreAccording to the Lao Trade Portal, the country recorded a trade deficit of USD 23 million in December, which is considerably lower than the trade deficits of USD 45 million and USD 230 million reported in November and October, respectively. The overall value of trade hit USD 1,088 in December last year, including USD 532 million […]
Read MoreLaos has recorded over 1,000 people entering and exiting via the Boten International Border checkpoint in Luang Namtha Province since China authorized the reopening of borders last week. Following the border reopening between Laos and China, 420 visitors entered Laos through Boten International Checkpoint and 850 left the country, according to a customs officer. Lieutenant Colonel Viengvilay […]
Read MoreThe toll tax on Vientiane-Vangvieng expressway was hiked to keep up with the value of kip reducing against the US dollar. The Laos-China Expressway Development Cooperation Co., Ltd announced its new toll rates would apply from 1 January, on the 109.11 km expressway that connects Vientiane Capital with the popular tourist town of Vang Vieng. The one-way […]
Read MoreLaos recorded a 3 percent growth in the agriculture, fisheries, forestry, and rural development sector in 2022, in line with the Ministry of Agriculture and Forestry’s aim of accomplishing a domestic food production target of 70 percent in 2023. According to a recent report, the animal husbandry industry grew by three percent, while the fishing sector […]
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