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...

New Ridesharing Service DriveUp to Challenge LOCA

Cambodia’s Meal Temple Group has launched its new DriveUp ridesharing service in Laos, becoming the second player in the country after locally-grown LOCA. Meal Temple,...

LOCA, Lanexang Insurance Join Hands for Better Protection Standard

Laos’s first ride-hailing service LOCA has signed a cooperative agreement with Vientiane-based insurance firm Lanexang Assurance Public Company in a move to enhance the...

Lao Asean Leasing (LALCO) Listed on Lao Securities Exchange

The Lao Securities Exchange (LSX) has launched the trading of the shares of Lao Asean Leasing Public Company (LALCO), marking the 11th company registered...

Laos Falls to 113rd Place in Global Competitiveness Ranking

Laos has slipped down to a ranking of 113rd out of 141 surveyed countries in the annual Global Competitiveness Report 2019, while several neighboring...

Laos’s Major Telecom Operators Gear Up for 5G Network

Laos is gearing up to roll out a 5G network, with the country’s two leading telecom operators, Lao Telecom and Unitel, testing or planning...

BCEL, EV Laos to Launch Payment System for Electric Vehicle Charging

Banque pour le Commerce Exterieur Lao Public (BCEL) and EV Lao Company have teamed up to launch a smart card system for the payment...