News

Japanese cable manufacturer Bando Densen has opened a factory in Laos, joining a group of competitors that are stepping up their presence in Southeast Asia amid demand for electronic vehicles.The company will gradually strengthen its local operations and with cheaper labor costs and existing distribution ...

VIENTIANE (Vientiane Times/ANN) – The government will try to sell more domestic bonds in the local currency in an attempt to address the fiscal deficit and strengthen the national capital market.Over the past five months of this year, the government has sold 1.13 trillion kip ...

VIENTIANE (Vientiane Times/ANN) – BZG Asia Investment LLC (BZGAI) from the United Arab Emirates (UAE) in partnership with 7TIC International Corporation Ltd. will conduct a feasibility study on investment in Laos.The two companies signed five Memorandums of Association in Vientiane on Tuesday, with Deputy Prime ...

Indonesia’s state-owned Mandiri Bank has announced its intention to enter Laos and Cambodia.Rohan Nafas, Mandiri Bank corporate secretary, said the bank is now studying the best ways of penetrating the two new markets.More ...

The owner of a barber shop in Vientiane could be the first Lao woman to publicly declare competition with the growing number of foreign-owned hair stylists.Ms Saphavanh Chanthalack, who owns the Phontong barber shop in Chanthabouly district, displays a colourful banner at the front of ...

VIENTIANE (Vientiane Times/ANN) – The number of procedures and the time taken to process them has been significantly shortened in a bid to ease business operations, as the government forges ahead with its policy to better facilitate businesses and attract more investment to drive growth.Concrete ...

VIENTIANE (Vientiane Times/ANN) – Investment by domestic and foreign enterprises has not grown as planned despite the government’s augmented measures to boost private sector growth and sustain the economy.The Minister of Planning and Investment, Dr Souphanh Keomixay, told Vientiane Times recently that private companies invested in 1,266 ...

VIENTIANE (Vientiane Times/ANN) – The Lao and Thai business communities are drawing up plans to increase bilateral trade and investment volumes in the coming years by overcoming several long-standing barriers.The two sides expect to set up a special working group that will team up with ...

Japanese electronics giant Mitsubishi Electric Corporation has set up a new subsidiary in Laos amid growing demand in the country for elevators and escalators.MELCO Elevator Lao, which began its operation on July 1, is expected to beef up Mitsubishi Electric’s sales of elevators and escalators ...

Foreign direct investment (FDI) inflow to Laos decreased in 2018 amid a drop in new investment from China, a recent report has shown.FDI inflow to Laos last year stood at USD 1.3 billion, a 17 percent drop from the previous year, according to the World Investment ...