The government has vowed to stabilise the macro economy and currency exchange rates, reaffirming that it won’t allow the country to slide into debt default. The pledge came at the close of the two-day open government meeting which ended on Friday. The need to resolve the public debt was one of the 13 significant tasks […]
Read MoreThe tiny Southeast Asian state of Laos, with a population of around seven million, does not often make global headlines. A one-party, authoritarian regime, it mostly avoided the type of global criticism of neighbors like Myanmar, despite an atrocious rights record. It avoided drawing attention because of its small size and because it lacked any […]
Read MoreLaos and Vietnam are pushing for a breakthrough in joint trade and investment as the two neighbours celebrate their six-decade long special relations this week. The two nations held grand ceremonies in their capitals on July 18 to mark the 60th anniversary of diplomatic relations and the 45th anniversary of the signing of the Treaty […]
Read MoreChina continues to be the largest investor in Laos, with cumulative investment of about US$16.4 billion in 833 projects, according to the Minister of Planning and Investment, Mr Khamjane Vongphosy. Areas of Chinese investment are diverse, with the country ploughing money into small, medium and large enterprises, state-owned enterprises, and private companies. A large chunk […]
Read MoreThe Lao market remains a top destination for many Vietnamese investors as the two countries are neighbours and Laos recognises most quality certifications from exporting countries, according to Lê Thị Phương Hoa, Vietnamese Trade Counsellor in Laos. HÀ NỘI — The Lao market remains a top destination for many Vietnamese investors as the two countries […]
Read MoreRecovering businesses say they are not ready for the increase, but workers say wages still won’t be enough. Laos’ minimum wage will increase to 1.2 million (U.S. $80) per month starting on Aug. 1, the country’s government announced, despite complaints from business owners that say they cannot afford the increase. The Lao National Labor Committee […]
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Thailand
