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...

Krungsri Customers Pay Financial Products More Conveniently Through JDB Bank Channel

Customers of Krungsri's financial services in Laos will benefit from more convenience in making payments after connecting to the Joint Development Bank's banking channel. Krungsri...

Toyota and Daehan Dominate Laos Auto Market

Laos Auto Market in first half of 2016 hit record sales and production. The market is dominated by Toyota and Daehan while the most of...

BFL Receives UN Support For Female-run Businesses

Banque Franco Lao Ltd (BFL) has been awarded a grant by UNCDF's SHIFT Challenge Fund's Second Window for Women's Financial Inclusion, funded by the...

Ministry Amends Law On Single Window Service For Investors

The Ministry of Planning and Investment is amending the law on the single window service and its management in a bid to streamline the...

Lao Small Businesspeople Invest In Foreign Countries

While still small in number, the number of Lao businesses investing in other countries of Asean is increasing. Meanwhile, many more businesses from Asean nations...

SilkAir Adds New Connections From Singapore to Laos

SINGAPORE Airlines subsidiary SilkAir will be launching thrice-weekly flights from Singapore to Laos come October 31. It will operate a circular route between Singapore, Vientiane...