News

VIENTIANE, March 10 (Xinhua) — Bounnhang Vorachith, general secretary of the Lao People’s Revolutionary Party Central Committee and president of Laos, inspected the Sun Paper Holdings Laos Co., Ltd. (Sun Paper Laos) on Sunday, hoping that the Chinese company will further help promote local economic ...

Lao authorities have adopted measures that will allow easier access to credit and give added protection to minority investors in moves set to improve the country’s overall business environment.Accessing credit and protecting minority investors are two of the 11 indicators which the World Bank uses ...

(KPL) IFC, a member of the World Bank Group, and the Government of Canada, in partnership with the Ministry of Planning and Investment held a workshop on public-private partnerships in Vientiane on Feb 22, 2019.The aim is to boost investments in several key sectors in the Lao PDR and guide the ...

State-owned Vietnam National Chemical Group (Vinachem) has decided to pull out of a loss-making potassium salt mining and processing project in Laos’ province of Khammuane after pouring trillions of Vietnamese dong into the megaproject for 15 years, Tuoi Tre Online newspaper reported.The withdrawal will result ...

Prime Minister Thongloun Sisoulith has told ministries to be proactive in attracting investment from Brunei Darussalam after learning that companies in the oil-rich country want to do business in Laos.Bruneian investors are interested in exporting oil to Laos as well as operating poultry farms and ...

Laos is now actively working to improve the business environment and facilitate trade as part of supporting the government’s policy to improve the ease of doing business.To this end, the government of Australia last Friday approved AUD4.5 million (over US$3.1 million) to support ease of ...

VIENTIANE (Vientiane Times/ANN) – The Vientiane Motor Show 2019 at Lao-ITECC from February 22 to March 2 will feature a wide variety of models from leading automakers ready to tempt car buyers.More ...

CHAMPASSAK, Laos (Vientiane Times/ANN) – Prime Minister Thongloun Sisoulith has instructed Champassak and other southern provinces to overcome the hurdles and challenges in doing business in order to attract more investment.The meeting discussed the policy of creating an investor-friendly business environment in Laos. Doing business ...

VIENTIANE (Vientiane Times/ANN) – The Lao Chemical Import and Export Joint Venture Company plans to invest US$90 million within five years to supply chemical products to various sectors in Laos.The newly opened firm has divided its business operations into three phases and launched its action ...

VIENTIANE (Vientiane Times/ANN) – Prime Minister Thongloun Sisoulith has urged the Ministry of Planning and Investment to partner with provincial authorities to clarify and pragmatically pre-assess proposed development projects, to ensure their quality and sustainability.The premier also advised ministry officials to proactively monitor ongoing projects rather ...