China Southern Power Grid (CSG) signed an electricity agreement with Electricite du Laos (EDL) on Wednesday in a move to set up a shared electricity market in the region. China’s Embassy in Laos reported on Thursday that the agreement would help Laos to improve its electricity supply and improve the living standard of local residents […]
Read MoreAuthorities are to increase fuel prices yet again tomorrow as the conflict in Ukraine pushes prices upward. The price of fuels will be increased across the country tomorrow morning, according to the Ministry of Industry and Commerce. Tomorrow’s adjustment will be the fifth fuel price increase in Laos this year. Premium petrol will be increased […]
Read MoreLaos is expected to assume management of the Vung Ang seaport in Vietnam’s central Ha Tinh province in July, a Lao investor involved in the project has said. The news comes after the Vietnamese government agreed to increase Laos’ share in the project from 20 percent to 60 percent at Laos’ request, making it the […]
Read MoreThe government is aiming for a trade surplus of at least US$1.55 billion this year, despite the country’s economic difficulties triggered by the Covid pandemic. The value of exports is projected to reach US$7.6 billion while the value of imports is forecast at US$6.05 billion, according to a recent report from the Prime Minister’s Office. […]
Read MoreThe government has set an annual economic growth target of at least 4 percent from now until 2025, even though there is no indication as to when the Covid-19 outbreak will be contained. The agriculture sector is expected to grow at an average annual rate of 2.5 percent and will represent 15.3 percent of Gross […]
Read MoreThe TK Group will continue to develop an internationally recognised online shopping platform through the launch of the “YesPls” application in order to promote e-commerce and to enable the growth of SMEs in the era of digitalisation. The ceremony for the official launch of the YesPls application was held at Lao-ITECC in Vientiane last Friday. […]
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