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...

Lao Securities Exchange to Close on Dec 27-Jan 1, 2020

The Lao Securities Exchange (LSX) has announced that it will be closed from December 27 to January 1, 2020, for last three business days...

Lao Stock Exchange Resumes Trading of PCD

Lao Securities Exchange (LSX) has announced that it resumed the stock trading of Phousy Construction and Development Public Company (PCD) as of November 29....

Ridesharing Service LOCA Now Available in Luang Prabang

Lao ridesharing service LOCA has begun its trial service in the city of Luang Prabang, aiming to provide 24-hour service in the northern tourist...

LVMC (Kolao) Acquires GMS Trading in Laos, Eyes New Business

LVMC Holdings, formerly known as Kolao Holdings, has announced that it acquired 100 percent shares in GMS Trading Sole in Laos for USD 357,623. The...

Thailand Hopes to Attract Affluent Lao Tourists

Thailand will push health and wellness tourism and shopping to attract high-income tourists from Laos. The Tourism Authority of Thailand (TAT) plans to team up...

Thai E-Sports Firm Raises Funds to Expand in Southeast Asia, Laos

Bangkok-based startup Infofed has received JPY 5 million ($45,700) from Japanese gaming media company GameWith, with a plan to expand in several Southeast Asian...