Business

Laos, Vietnam Restart USD 492M Potash Project in Khammouane

A USD 492 million potash mining and processing project in Khammouane is moving forward again after nearly a decade of delays, with production targeted for 2028. On 12 October, Vietnam National Chemical Group (Vinachem) held a ceremony in Nongbok District to mark the project’s restart. The planned processing plant is...

Laos Shifts Tourism Licensing Powers to Provincial, District Authorities

Laos is revising how tourism business licences are issued and enforced, dividing responsibilities among...

Laos to Reopen Applications for Non-Bank Financial Institutions by End of 2026

The Lao central bank plans to resume accepting applications to establish new non-bank financial...

Khammouane Targets UNESCO Geopark Status to Boost Tourism

Khammouane is preparing a UNESCO bid for the Hinboun Geopark, hoping the international designation...

African Swine Fever Disrupts Pork Supplies, Beef Prices Rise in Vientiane

The pork shortage is putting pressure on Vientiane’s meat markets as African swine fever...

Chao Anouvong Park To Be Upgraded In Bid To Attract Tourists

Chao Anouvong Park is to receive renovations to improve the site in a bid to attract more tourists, both foreign and domestic. Fujiwara Enterprise, in...

Ministry of Labor Orders Employers to Pay Wages Despite Pandemic

The Lao Ministry of Labor and Social Welfare has instructed employers to ensure workers are fairly compensated despite an economic downturn due to the...

Nikon Cuts Workforce in Laos and Thailand

Nikon has published a revised financial forecast, releasing its 2020 fiscal year financial results, and announcing it has had to cut ten percent of...

Lao Government Approves Singaporean Clean Thermal Project

A Singaporean-Lao joint venture has signed a memorandum of understanding with the Lao government for the development of a clean thermal fired power plant...

Railway Tracks Laid Through Tunnel in First for Laos-China Railway

Railway tracks have been laid through a tunnel along the Laos-China Railway for the first time, marking a historic achievement for the project. According to...

Souphattra Residence: A Classy Addition to Vientiane’s Rental Market

Located in Sisattanak District in Vientiane, Souphattra Residence consists of 20 beautifully designed townhouses, showcasing the rich classical style and luxury for which the...