Business

Laos, Russian Region of Tatarstan Discuss New Trade Opportunities

Russia’s Republic of Tatarstan wants to expand trade and investment with Laos, with the region’s official media describing current economic ties as “practically absent” during a two-day visit by its head to Vientiane on 4 and 5 November. Tatarstan's head Rustam Minnikhanov met Lao Prime Minister Saleumxay Kommasith on 5...

Laos’s Credit Rating Upgraded After Bond Sale, Hong Kong Tax Pact

Laos has received a credit rating upgrade after issuing a USD 500 million international...

Laos Eyes 500MW Renewable Electricity Export to Singapore

Laos is eyeing a major expansion of its clean energy exports following a proposed...

Laos Links South Korea Work Visas to Overstay Rates as Program Expands

Laos will suspend access to South Korea’s seasonal work program for 3 years if...

Laos Targets Faster Border Checks in USD 5 Million Trade Project

Laos is preparing local businesses for higher costs when selling goods abroad, as the...

Families Affected by Construction Near Nam Ngum Hydropower Dam 1 Receive Compensation

A ceremony was held at the Keoudom district’s main club in Vientiane Province to provide compensation to families affected by the construction work around...

Two Cement Plants in Vang Vieng to be Transformed into Tourism Sites

Two Cement factories in Vang Vieng will be transformed into tourism sites and developers are currently applying for an investment permit for the project,...

Plain of Jars Sites to Be Offered Under Concession to Private Company

Authorities in Xieng Khouang Province have announced that management of part of the Plain of Jars may be offered as a concession to a...

Lao Govt Generates New Revenue Streams from Bitcoin and Cryptocurrency

Since the start of cryptocurrency mining in Laos last year, the government has generated nearly USD 27 million in revenue.  This was revealed by Prime...

Laos Sees Trade Deficit of USD 126 Million in June

Laos' imports and exports totaled over USD 1 billion in June; exports were valued at USD 458 million, while imports were approximately USD 584...

Lao PM Calls for ‘De-dollarization’ and Further Regulation of Foreign Currencies

Prime Minister Sonexay Siphandone signed a seven-page order on 14 July to ensure that foreign exchange earned through exports and foreign investments, enters the...