Category Archives: Economy

Home

Euler Hermes: Growth Is Firm, But Fundamentals Remain Weak in Laos

Euler Hermes Economic Research Country Report - Laos

Euler Hermes, an Allianz company, has released a brief country economic report on Laos. The following is an excerpt from the report:…

Savannakhet Reaches Population of 1 Million

savannakhet

Savannakhet Province is now officially the province with the largest population in Laos, according to a report released by the provincial statistics bureau on Thursday.

The province now makes up 15 percent of the total population of Laos, with Vientiane Capital home to the second-largest population of approximately 850,000.

Champasack …

Vang Vieng Expressway to be Extended to China

vang vieng expressway to china

The Vientiane to Vang Vieng expressway is now to be extended to China, according to a recent announcement by Yunnan Construction Engineering Group.

The first phase of the expressway will link Vientiane Capital with Vang Vieng, stretching some 113.5km, and the $1.2 billion USD agreement for the expressway was signed …

New Law to Ensure Fair Compensation for Relocated Populations

Laos Compensation Resettlement

A new law will pave the way for fairer and faster compensation payouts for landowners that lose their property to development projects, according to a policy developer.

The draft law on stabilization of livelihoods will determine conditions to ensure people who lose property can enjoy better living conditions after relocation. …

Vietnamese Companies Invest Over 5 Billion USD in Laos

Unitel network, a joint venture between Viettel Global Joint Stock Company of Viettel and Lao Asia Telecom of Laos, will carry out 4G in four cities and provinces in Laos. Photo credit: VNA/VNS Pham Kien

Vietnamese businesses have found much success in Laos primarily due to excellent commercial opportunities, market scale and operation quality in the landlocked nation. According to the Ministry of Planning and Investment, Laos has licensed 423 Vietnamese projects worth more than USD $5 billion, namely in hydropower, mining, transport, industrial tree plantations and services.…

Feasibility Study Says Laos-Vietnam Railway Doable

Two years ago, Lao, Vietnamese and Korean experts and officials met in the capital of Laos to commence a study on the feasibility of a proposed 555km railway that would link Vientiane, passing through Thakaek (Khammouane) to Vung Ang Port in Vietnam. Last week, that feasibility study was declared complete. The …

Launch of the Nakai Plateau Livestock, Agriculture and Fisheries project

The French Agency for Development (AFD), the Nam Theun 2 Power Company (NTPC), the Khammouane Provincial Government, and the Ministry of Agriculture and Forestry officially launched a 5-year project to support the development of agricultural, livestock and fishing activities on the Nakai Plateau in Khammouane Province. This project aims to …

Thai Border to Collect Toll from all Foreign Vehicles

Foreign vehicles entering Thailand by way of border will be expected to pay an ‘Asean road toll’ fee that the country plans to implement by the end of 2018.

Thailand plans to collect the toll from foreign motorists entering the country via border checkpoints due to increased road travel on