Laos enjoyed over 400 million USD in trade surplus with Vietnam in the first six months of this year, excluding trade on power, according to Laos’ Ministry of Industry and Commerce. Vientiane (VNA) – Laos enjoyed over 400 million USD in trade surplus with Vietnam in the first six months of this year, excluding trade on […]
Read MoreAccording to the most recent data from the Lao Trade Portal website, the overall value of trade in June was 1 billion US dollars, with 456 million US dollars in exports and 589 million US dollars in imports. The major exports for April included gold, gold bars, paper and paper products, copper ore, wood pulp, waste paper, […]
Read MoreVientiane Times reports that the inflation rate is the highest since May 2000, with rising oil and consumer prices continuing to hit the pockets of people in Laos. Authorities say the rising price of petrol, cooking gas, and other imported items, together with the depreciation of the Lao kip, are fuelling runaway inflation. The consumer price index […]
Read MoreA track change station was officially opened at the Vientiane Logistics Park on Friday, creating an official link between the Laos-China Railway and the Laos-Thailand Railway. The move greatly improves multimodal international logistics and land-sea transport, thus offering lucrative trade opportunities. A ceremony to inaugurate the link between the 1.435 metre standard-gauge Laos-China rail track […]
Read MoreThe Government of Laos has greenlit a feasibility study for a railway project that would link Vientiane Capital with Thakhek, in Khammouane Province. Lao Economic Daily reports that a signing ceremony for a Memorandum of Understanding (MOU) was held yesterday between the Government of Laos and Petroleum Trading Lao Public Company (PetroTrade) at the Ministry of Planning […]
Read MoreDuring the 3rd Ordinary Session of the Ninth National Assembly yesterday, Mr. Bounleua said that sources of foreign exchange have decreased significantly, with the amount of foreign currency in the country unable to meet demand. Meanwhile, mismanagement of foreign currency is rife, with large amounts disappearing or failing to enter the system. Mr. Bounleua said that between […]
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