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Laos enjoys trade surplus in controlled goods via VN

Laos enjoyed a trade surplus in controlled goods through Vietnam in the first six months of 2021 despite the transport difficulties caused by Covid-19 prevention measures. The total value of the trade in imports and exports of controlled goods through Vietnam in the first six months of this year was about $314 million, of which […]

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Lao Kip Depreciates against Foreign Currencies

The Lao kip has continued its depreciation against foreign currencies, affecting the cost of living amid the Covid-19 pandemic. In recent months, a mismatch in supply and demand has increased the gap between official and parallel market currency rates, putting importers under pressure and increasing inflation. Official exchange rates set by the Bank of the Lao […]

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Laos to increase coffee exports to EU

Laos will be able to export more coffee to the European Union (EU) states following the adoption of a new roadmap for exports. The roadmap is aimed at increasing productivity and sustainability in production and processing, while simultaneously enhancing the capacity of Lao exporters, improving the domestic economy and securing better lives for rural citizens. […]

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Laos surveys new expressway linking Thailand, China

Surveyors are designing a route for a new expressway in Laos that will cut travel time between northern Thailand and southern China. Liu Jingwei, an official overseeing the project, said officials were surveying the route for the expressway that will connect Huayxai in Laos’ Bokeo province and Boten, the Lao town in Luang Namtha bordering […]

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Laos Records USD 54 Million Trade Deficit in May

According to the newest information from the Lao Trade Portal website, Laos posted a trade deficit of USD 54 million in May of this year. According to the report, Laos’ exports in May reached USD 425 million while imports were USD 479 million. Laos’ main export goods include copper ore, bananas, mixed gold (gold bars), cassava, […]

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