Business

Chinese Commerce Chamber Urges Businesses in Laos to Cut Ties with Scam Networks

The General Chinese Chamber of Commerce in Laos has told its members to check their businesses, properties and services to make sure they do not help online scam networks operate. The chamber issued a notice warning companies that scam operations have harmed victims and damaged the reputation of Chinese businesses...

Laos Inflation Edges Up in July, Electricity Prices Surge 91.5% Year-on-Year

Electricity prices jumped 91.5 percent in July compared to the same month last year,...

Online Sellers Face Renewed Enforcement of Business Registration Rules

Online sellers in Vientiane must register as businesses and obtain an e-commerce licence or...

Former MRC Chief Anoulak Kittikhoun Named First Lao Head of Mekong Institute

Former Mekong River Commission (MRC) Chief Executive Officer Anoulak Kittikhoun has been appointed Executive...

Trade, Energy, Tourism Drive Laos-Vietnam Economic Ties Past USD 1.3 Billion

Trade between Laos and Vietnam reached USD 1.305 billion during the first six months...

Malaysia’s Kumpulan Powernet To Build Hydropower Plant in Nam Samoy

Malaysia's Kumpulan Powernet Bhd has secured an MYR 66 million (USD15.9 million) contract from Zhenghong Building Road & Bridge Construction to build a hydropower...

Papua New Guinea’s Bank South Pacific to Enter Laos This Year

Papua New Guinea's Bank South Pacific (BSP) plans to finalize the acquisition of its joint-venture business in Laos worth about USD 2 million. The new...

Laos Mining Sector Sees Decline Despite Rich Resources

The mining sector in Laos has seen a sharp decline after legislators ordered the suspension of new mining operations in 2016. The mining sector has...

South Korean Firm Scores Construction Project in Savannakhet

South Korea's Dongbu Corporation has been awarded a construction project in Savannakhet province worth about USD 25.6 million. The project, ordered by the Lao Ministry...

Laos Launches QR Code Payment Standard

The Bank of Lao PDR has launched a Lao QR Code standard for electronic payments in a move to improve payment services and integration...

Laos Eyes Production of Korean Rice Wine

Laos Army Import and Export Trading and Korean firm ROAD have agreed to produce and distribute Korean rice wine in Laos. Korean rice wine, or...