The Bank of Lao PDR convened a meeting at the Prime Minister’s Office on Tuesday to discuss implementing a new credit policy aimed at revitalizing the Lao economy. The meeting was attended by Mr. Bounleua Sinxayvoravong, the Governor of BOL, along with Deputy Ministers, Deputy Governors, Deputy Governors of Vientiane, BOL regional branch officials, local […]
Read MoreLaos recorded a trade surplus of USD 1.39 billion in 2022, boosted by the country’s electricity exports, according to the Ministry of Industry and Commerce. The country’s total trade surplus amounted to approximately USD 15 billion, with exports worth USD 8.198 billion and imports worth USD 6.808 billion. Laos’ main exports in 2022 included electricity, gold, gold […]
Read MoreBig C, a Bangkok-based grocery and general merchandising retailer, has commenced construction of its first hypermarket in Laos, with plans to open its doors next year. Thailand’s second-largest hypermarket operator has operations in four countries, namely Thailand, Vietnam, Cambodia, and Laos. The new hypermarket which will open in Laos is part of the company’s expansion […]
Read MoreThe Bank of the Lao PDR (BOL) has issued a warning to citizens about counterfeit banknotes of LAK 100,000 and LAK 50,000 denominations. The bank said that it has been informed that counterfeit banknotes that have been photocopied onto plain paper and have fake security threads attached to them are now in circulation. The bank has provided […]
Read MoreThe latest unemployment figures in Laos stand at more than 61,000 due to an economic recession plaguing the country. The President of the Lao Federation of Trade Unions, Ms. Aly Vongnorbountham, revealed that over 61,000 people are currently unemployed in Laos, as the minimum wage on offer is not at par with the living standards of workers […]
Read MoreLaos registered a trade deficit of US$17 million in April, according to official statistics released on Tuesday. Imports and exports during the fourth month of the year totalled US$ 947 million. Exports hit US$465 million, while imports touched approximately US$482 million, according to figures from the Lao Trade Portal of the Ministry of Industry and […]
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