News

Laos’ public debt could climb to nearly 95% of GDP by the end of 2022, making it one of the most heavily indebted and mostly likely to default nations in Asia, according to World Bank estimates published this month.Significantly, the World Bank’s already dire debt ...

A recent announcement from the ministry states that the Decision applies to individuals, legal entities, and organizations being operated in Laos by foreigners, stateless persons, and foreign-Lao nationals. Lao nationals can conduct land use rights business, land surveying services, land price evaluation, and other land-related services ...

VIENTIANE (Vientiane Times/ANN) – Laos and Vietnam are continuing to cooperate on future investment projects in Laos in spite of a recent slowdown compared to previous years.One of the major projects is the construction of the Nongkhang airport in Xamneua district, Huaphan province; the Laos-Vietnam ...

VIENTIANE (Vientiane Times/ANN) – Private sector conditions in Laos are likely to improve following the launch of the New Laos Business Environment Project by the Ministry of Industry and Commerce and United States of America.The project will provide capacity building and advisory services aimed at ...

VIENTIANE (Vientiane Times/ANN) – A food and beverage company from China – Hainan Pinxiang Foodstuff Company Limited – is hoping to expand its market to Laos, initially focusing on Vientiane.The company showcased some of its wares at the Economic and Technological Exhibition for Lancang-Mekong Cooperation ...

KUNMING, Nov. 23 (Xinhua) — Chinese companies signed contracts worth 1.3 billion yuan (about 184 million U.S. dollars) to purchase goods, mainly agricultural products, from their Laos counterparts.The deals were signed as the 2019 Sino-Laos Investment Fair concluded Friday in Kunming, capital of southwest China’s ...

Foodpanda, the on-demand international food delivery service, has officially launched in Laos with over 300 restaurants on board.Heading to the capital first to open a world of exciting flavors to the residents of Vientiane, Foodpanda’s fleet of pink riders will bring meals from over 300 restaurants straight ...

VIENTIANE (Vientiane Times/ANN) – The growth rate of factories in Laos is continuing to moderate despite the government improving its policies and regulations to attract investors.The number of factories has grown by just 5 percent annually, according to statistics collected by the Department of Industry ...

VIENTIANE (Vientiane Times/ANN) – The 18 winners of the Asean Business Awards (ABA) Laos 2019 were officially acknowledged as talented economic players with great potential for domestic business expansion as well as within the Asean business community.Deputy Prime Minister and Minister of Finance Mr Somdy ...

VIENTIANE (Vientiane Times/ANN) – The Lao National Chamber of Commerce and Industry is conducting an assessment of the ways in which the provinces and Vientiane facilitate investment and trade, under Phase 2 of the ProFIT project.The project surveys and evaluates how the business sector benefits ...