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Laos: Govt to address seven urgent issues to spur development

Addressing financial affairs, particularly public debt and financial leaks, is one of the seven urgent issues that the government will tackle over the next five years. Newly-elected Prime Minister Phankham Viphavanh highlighted the seven concerns when presenting a draft of the 9th five-year National Socio-Economic Development Plan for 2021-25 and State Budget Plan for 2021-25 […]

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Chinese Companies Target Laos for Durian Plantations

Chinese companies are seeking to lease up to almost 5,000 hectares of land in Vientiane Capital to establish durian plantations. According to Produce Report, the Chinese companies are interested to establish durian plantations aimed at exporting the fruit back to China. Chinese farmers have begun to grow various fruits in Laos for export back to China. […]

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Cost of Living Rises as Lao Currency Depreciates

A weakened local currency (LAK) has caused the cost of living to rise in Laos, as well as affecting businesses amid the Covid-19 pandemic. According to a report by Lao Post, the current financial climate has weakened the Lao Kip against both the US dollar and the Thai baht, the two major currencies traded in the Lao […]

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CLV PMs talk trade, investment

Cambodia, Laos and Vietnam (CLV) on March 10 reaffirmed their commitment to boost border trade and investment with a specific focus on the construction of border markets and to improve customs clearance procedures. The pledge was made during a virtual discussion between Cambodian Prime Minister Hun Sen and his Vietnamese and Lao counterparts Nguyen Xuan […]

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