American credit rating agency Moody’s has assigned a B3 rating with a positive outlook to the government of Laos, citing the country’s high economic growth potential. The rating agency pointed out, however, the country’s weak executive institutions, limited transparency, and the small economy could be potential challenges. It is the first time for Laos to receive such […]
Read MoreLaos has promulgated a new prime ministerial decree clarifying the import and export of vehicles, dealerships, and assembly plants as different types of business. According to the new decree, a company that wants to operate all three types of business must obtain three separate operating licences from the commerce ministry. In the past, some companies […]
Read MoreHanoi (VNA) – Senior economic officials from Cambodia, Laos, Myanmar and Vietnam (CLMV) gathered in Hanoi on January 12 for their 18th meeting hosted by the Vietnamese Ministry of Industry and Trade (MoIT). This was an important meeting of the CLMV economic cooperation mechanism within the economic cooperation channel of the Association of Southeast Asian Nations (ASEAN) in 2020. The […]
Read MoreThe Prime Minister’s Office plans to upgrade the Daktaok local border crossing in Dakcheung district, Xekong province, to an international level crossing on the Vietnamese border. Lao and Vietnamese officials are currently discussing the date when this change will take place. If the status is elevated as planned, Daktaok will become Xekong’s first international border […]
Read MoreLaos and China have agreed to facilitate the direct exchange of the Lao kip (LAK) and the Chinese yuan (CNY) instead of having to make conversions through other currencies as was done previously. Governor of the Bank of the Lao PDR, Mr Sonexay Sithphaxay, and Governor of the People’s Bank of China, Mr Yi Gang, […]
Read MoreVientiane has been named the second cheapest city in Asia for backpackers to visit in 2020, a study conducted by the UK-based Alpha Travel Insurance has revealed. Hanoi, the capital of neighbouring Vietnam, tops the list of 31 destinations listed on the company’s guide titled ‘Backpacker Index – the Cheapest Cities to Visit in Asia’. […]
Read More
Thailand
