A total of 743 companies have set up operations in Specific Economic Zones (SEZ) in Laos with total registered capital of over $12 billion and overall capital of more than $36 billion. Of particular note, with investment of more than $3 billion, a large number of well-known foreign companies have invested in these zones. The […]
Read MoreThe grand opening of Laos’ long-anticipated Thanaleng Dry Port (TDP) and Vientiane Logistics Park (VLP) took place on December 4, marking the start of streamlined services to facilitate and cut the cost of transport and related expenditure. Prime Minister Phankham Viphavanh was invited to pull a lever to officially launch the megaproject in Dongphosy village, […]
Read MoreVIENTIANE: Laos is set to open a US$6 billion Chinese-built railway on Friday, with debt concerns balanced against hopes it could boost the reclusive nation’s struggling economy. The 414-kilometre route took five years to construct under China’s trillion-dollar Belt and Road Initiative. Analysts have acknowledged the potential economic boost, but have queried how infrastructure-poor Laos […]
Read MoreLaos recorded a trade deficit of USD 45 million in October with imports and exports totaling USD 819 million. According to information from the Lao Trade Portal, Laos’ exports were USD 387 million in October, while imports totaled USD 432 million, resulting in the lowest trade deficit of the year. Major exports from Laos included copper ore, […]
Read MorePassenger fares for trips on the upcoming Laos-China Railway have been confirmed by the Ministry of Public Works and Transport. The ministry issued a notice on 25 November accepting ticket pricing for the Laos-China Railway proposed by the Department of Railways. According to the notice, two Electric Multiple Unit (EMU) trains will be in service […]
Read MoreThe new Laos-China railway, which will start running from Thursday, should serve as a good delivery channel for the agriculture industry, the Agriculture and Cooperatives Ministry said on Monday. The railway will initially only provide freight services to Chinese companies based in Laos, transporting goods like rubber, dried cassava, industrial salt, ore, etc. However, Thai […]
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