Vinamilk Laos – Jagro plans to export fresh milk to Vietnam in May next year after the company recently built a modern milking barn in Phaxay district, Xieng Khuang province. Vinamilk Laos – Jagro is financed by Lao-Jagro Development Xieng Khuang Co., Ltd. (Lao-Jagro), in which Vietnam Dairy Products Joint Stock Company (Vinamilk) holds a […]
Read MoreAt the same time, the amount of electricity imported by the country also decreased by 72.7 percent. The country earned USD 1,769 million by exporting electricity and spent just USD 15 million while importing it, informed Deputy Prime Minister, Dr. Sonexay Siphandone at a National Assembly session last week. Laos has partnered with countries like […]
Read MoreThe Asian Development Bank (ADB) is maintaining its economic growth forecast for Laos, while the outlook for consumer prices has worsened, according to the Asian Development Outlook (ADO) 2022 Supplement released on Thursday. Inflation continues to accelerate in economies throughout Asia and the Pacific on high energy and food prices, mainly due to the Russia-Ukraine […]
Read MoreThe continuing depreciation of the kip is creating a major roadblock in the government’s efforts to rein in inflation, especially as one third of the goods used to calculate price rises are imported. The kip has fallen in value by 19.44 percent against the US dollar and by 18.02 percent against the Thai baht over […]
Read MoreLaos recorded a trade deficit of USD 230 million in October, according to the latest information from the Lao Trade Portal. The trade deficit has decreased by 3 million since September. The overall value of trade was USD 1.07 billion in October this year, with USD 442 million in exports and USD 652 million in imports. The […]
Read MoreThe Minister of Labor and Social Welfare provided information on the labor market in the recent National Assembly session on Friday, revealing that 2.4 million, or 97.6% of all eligible people, are now employed. Ms. Baykham Khattiya, Minister of Labor and Social Welfare, said that the results of the labor force survey conducted in 2022, revealed that […]
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