Tag Archives: investment

Future Electric: EV Destiny Driving Rapidly Towards Laos

Electric Vehicles (EV) closer in Laos with Agreement Between EDl & EVLao

Promising prospects for electric vehicles (EV) in Laos as an agreement signed between power producer ລັດວິສາຫະກິດໄຟຟ້າລາວ EDL and electric-powered vehicle proponents EVLao, The Laotian Times reports.

Looking to industry leaders at manufacturing hotpots like Japan, Germany & China, it would appear the early arrival of the electric age when it comes to motor vehicle transport is already well and truly upon us.

In Laos, a milestone was marked with the holding of the nation’s first electric vehicle summit and MoU signing last week in the capital Vientiane at the very first Lao National Electric Vehicle Summit.

. The agreement will see the trial of vehicle charging stations and technology to push progress towards a future where electric vehicles are more free to traverse the highways and byways of Laos and beyond.

ພາບບັນຍາກາດງານ LAO National Electric Vehicle Summit 2019

Posted by EVLao on ວັນພະຫັດ ທີ 4 ເມສາ 2019


“The future is already here – it’s just not evenly distributed.” – William Gibson

At a time when technology is progressing faster than ever, these words attributed to futurist and science-fiction writer William Gibson are revealing.

It doesn’t take a genius to guess that in the future, roads in Laos are expected to see many more electric cars than we can see today.

A net electricity exporter and fuel oil importer, one can see the attraction of electric vehicles even before the other benefits are taken into account.

Yet with a transformation this big, there is plenty to consider.

Preparing the socio-economy for the changing needs of the modern era as they quickly transforming with the availability of cleaner energy technologies involves resolutions to complicated challenges.

Given that successful deployment of electric vehicles in Laos requires public and private partnerships, It is important to look at technical mechanisms for using electric vehicles in Laos as well as tax policies and the expected infrastructure investment profiles.

Posted by EVLao on ວັນອາທິດ ທີ 31 ມີນາ 2019

EV Lao and EDL agree to trial electric vehicles

An aim is to study the feasibility of using the electricity system to provide energy-powered vehicles in the Lao PDR.

On the morning of April 2, 2019, at Landmark Hotel in Vientiane, a memorandum of understanding (MOU) was held jointly with EV Lao Co., Ltd. between the Lao Electric Power Enterprise EDL and EV Lao Company Limited.

How long until the entire world (& Laos!) has electric cars?

It’s a billion dollar question.

What we do know is that the vehicle fleet in Laos, as in other countries, must become less carbon intensive if we are to avoid the worst effects of catastrophic climate change.

While not exactly at the leading edge of uptake, prospects for electric vehicles in Laos are positive from the current low base.

The movements in the global environment and technical landscape are favoring the development of low carbon transportation in ways never seen before.

Laos will be affected by developments worldwide and in major manufacturing hubs.

The nation’s capacity to benefit will depend on both regulators, public and private sectors to grab a hold of the wheel and steer Laos to a cleaner motoring future.

 

Electric Vehicles (EV) closer in Laos with Agreement Between EDl & EVLao

Electric Vehicles (EV) closer in Laos with Agreement Between EDl & EVLao

$US10Mil in Deals, Referrals As Laos’ First Real Estate Expo Results Reviewed

The first-ever Laorealestate.la Expo was a huge success, with over 3000 local and international property investors welcomed to Don Chan Palace on the 1st & 2nd of March, 2019. Over the two days, the event generated over 10 million USD in property sales and finance referrals

Time flies! So do real estate investment, advertising, financing and development opportunities…

That’s clearly a philosophy what many folks ascribe to in Laos as some $US10 million in real estate-related deals and financing agreements were inked at the first Lao Real Estate Expo earlier in this month of March, according to organizers.

Lao Real Estate Expo 2019

Lao Real Estate Expo 2019

The promise of prosperity aplenty attracted all comers in March 2019 as Laorealestate.la, and the Lao National Chamber of Commerce and Industry (LNCCI) teamed up with Laos’ leading online marketplace, www.yula.la for the expo.

RDK Group, publisher of The Laotian Times, Champa Meuanglao and Laopost and contributor Laos Briefly joined to capture the excitement.

Champa MeuangLao Magazine, sister publication of the Laotian Times under publisher RDK Group at Laorealestate.la Expo

Champa MeuangLao Magazine, sister publication of the Laotian Times under publisher RDK Group at Laorealestate.la Expo

First Ever Lao Real Estate Expo 2019 by LNCCI & laorealestate.la Laos Briefly with Champa Meuang Lao, Laotian TImes & Lao Post.

Posted by Laos Briefly on ວັນສຸກ ທີ 1 ມີນາ 2019

Savvy clients & suppliers and B2B’s were out in force, hunting for trade and investment opportunities alike.

Now, footage and imagery from the expo have gone online. Take a look and see if you can spot you and yours (and any other promising opportunities!)

 

ພາບບັນຍາກາດພາຍໃນງານມະຫະກຳອະສັງຫາລິມະສັບ 2019 ຄັ້ງທຳອິດໃນລາວເຮົາ ໃນ ວັນທີ 1 – 2 ມີນາ ທາງທີມງານຂໍສະແດງຄວາມຮູ້ບຸນຄຸນທີ່ໃຫ້ຄວາມສົນໃຈໃນງານເຮົາຢ່າງຫຼົ້ນຫລາມ ຈົນເຮັດໃຫ້ງານເຮົາປະສົບຜົນສຳເລັດເປັນຢ່າງຍິ່ງໃຫຍ່

Posted by Yula.la on ວັນອັງຄານ ທີ 5 ມີນາ 2019

According to organizers Yula.la & laorealestate.la;

“The first-ever Laorealestate.la Expo was a huge success, with over 3000 local and international property investors welcomed to Don Chan Palace on the 1st & 2nd of March, 2019.

“Over the two days, the event generated over 10 million USD in property sales and finance referrals.

“Powered by Yula.la, Lao’s leading online marketplace, and in partnership with the LNCCI, over 50 property developers, banks, insurers, and related businesses were on show at the first expo, along with 20+ informative real estate seminars to educate investors and industry insiders.

“Keep your eyes and ears open for the next Laorealestate.la Expo, coming soon!”

English and Chinese below:ຖືວ່າເປັນການປະສົບຜົນສຳເລັດຄັ້ງຫຍິ່ງໃຫຍ່ສຳລັບງານ Laorealestate.la Expo…

Posted by Yula.la on ວັນອັງຄານ ທີ 26 ມີນາ 2019

 

Starting A New Business In Laos? Regulated Sector List Worth Perusing

List of controlled sectors in Laos improves business and investment climate.

Engaging on a new business venture is serious and potentially stressful business at the best of times, but a new list with information on regulated sectors is set to ease the minds of more investors considering the big dive in Laos.

Seeking to facilitate more entrepreneurial activity and investment from domestic and international sources, Lao policymakers including the nation’s top leaders have been making moves to release a list of controlled sectors for investment (Lao language).

The new list makes mention of those sectors requiring extra permits under Lao laws and regulations.

 

Codification of list of regulated & controlled sectors in Laos facilitates easier investment.

Listing of regulated & controlled sectors facilitates greater investment in Laos.

Prime Minister Thongloun Sisoulith approved the list of sectors that are subject to government control by way of Prime Ministerial decree issued January 10 regarding the list of controlled and concession-based businesses.

Sectors subject to considerations of national security, social order, and environmental protection and the respective regulatory authorities are spelled out in the list.

In various sectors not listed, operators are able to proceed to apply for a business and operating license from the commerce sector without having to consult any other state agencies, provided they do not otherwise contravene Lao laws, orders, decrees and regulations.

According to the list (as translated to English from original in the Lao language), permits are required for business operations in the following sectors:

Section 1: Alcoholic and other Beverages, Tobacco, Textiles, Paper and Packaging, Chemicals, Medicines, Rubber and Plastics, Minerals and Metals, Gaming and other Equipment, Waste and Recycling.

Section 2 (Domestic Activities): Wholesale and Retail sales of automobiles and motorcycles; Wholesale of anything except automobiles and motorcycles; Retail sales of anything except automobiles and motorcycles; Real estate activities;

Section 3 (Import/Export activities): Wholesale and retail sales and repair of automobiles and motorcycles; Wholesale of anything except automobiles and motorcycles.

Businesses of types not on the list should find it easier to operate, obtain an ID and operating license.

Steps in the right direction for investment

The codification of the list and relevant sectors is considered a significant development in the campaign by the government of Laos to facilitate an improved business climate nationwide.

Until the publication of the list, it was not stated clearly in a single place which regulatory entities potential investors must contact to obtain enterprise registration certificates or operating licenses.

Local and foreign investors seeking to operate one of the types of business listed must take all measures to comply with the relevant government controls and regulations.

The list spells out special conditions business operators must be ready to follow if their operations are deemed to reside within these controlled categories.

List of controlled sectors in Laos improves business and investment climate.

List of controlled sectors in Laos improves business and investment climate.

Laotian Times reports on business matters in and affecting Laos and the Laotian community abroad.

Centara to Open Three More Hotels in Laos in 2020

Centara Opens New Hotels in Laos

Centara, Thailand’s leading hospitality group led by Suthikiati Chirathivat, Chairman of the Board, has inked a management MOU with Asia Investment, Development & Construction Sole Co., Ltd (AIDC), a well-established investment and construction company in Laos. The agreement paves the way for Centara to enter into management agreements for three hotels in Laos with a combined total of 214 rooms in capital city Vientiane and historic destination Luang Prabang.

Suthikiati Chirathivat, Centara’s Chairman of the Board said: “This signing ceremony demonstrates our commitment to expansion in Asia as we continue to develop our portfolio internationally. With the expertise from a country leader in development like AIDC and Centara’s record of delivering and inspiring extraordinary guest experiences, we are very excited to be partnering for success on these three exciting projects in Laos”

The three hotels will be operated under three distinct brands in the Centara Hotels & Resorts portfolio: in close proximity to Luang Prabang airport and major tourist attractions will be Centara Grandthe upper upscale hotel comprising premium rooms, leisure and meeting facilities. Targeting the more cost-conscious traveller in Luang Prabang will be a Centra by Centara hotela quality value offering in a convenient city location whilst the latest COSI branded hotel will be arriving in Vientiane. COSI is the affordable lifestyle brand for the modern tech-savvy and connected traveller and it will offer a distinctive and localised experience in Vientiane.

Pheutsapha Phoummasak, President of AIDC Laos stated: “Luang Prabang and Vientiane are very popular destinations for both Thai and international travellers thanks to their perfect blend of historic legacy, wonderful sceneries and modern infrastructure. We are excited to partner with a Centara to bring their trusted brands to these cities and further promote the tourism potential of Laos.”

This latest development is in line with Centara’s impressive expansion strategy and will see Centara’s hotel count in Laos reach four with Centara Plumeria Resort Pakse already well under development and scheduled to open in 2020.

 

From left to right:

  1. Uaychai  Khuhakarn                   Senior Vice President-Corporate Development of Central Group
  2. Adul  Chaiprom                         Vice President of AIDC
  3. Dan  Chinsupakul                      Advisor to Chairman of the Board
  4. Pheutsapha  Phoummasak        President of AIDC
  5. Suthikiati  Chirathivat                 Chairman of the Board
  6. Suparat  Chirathivat                   Executive Vice President-Corporate Development  of Central Group
  7. Dr Ronnachit  Mahattanapreut    Senior Vice President-Finance & Administration
  8. Markland Blaiklock                    Deputy Chief Executive Officer

Ecotourism Investment in Savannakhet Promotes Sustainable Development and Poverty Reduction

Savannakhet Ecotourism and Investment

Lao PDR’s development has been rapid during the last decade, largely funded by income from natural resources driving the bulk of economic growth. The Government is promoting responsible investment across the country to ensure that quality investments benefit all of Lao society, fostering green development and sustainable use of natural resources, in accordance with the 8th National Socio-Economic Development Plan.

The Government of Lao PDR declared this year “Visit Laos Year 2018” to increase the country’s profile as a tourist destination. Contributing to these efforts, Savannakhet Province held a Responsible Business Forum to promote investment in ecotourism and corporate social responsibility in the tourism service sector. The meeting was held in Xonnabouly District, Savannakhet, based on the potential of the Ong Mang Sanctuary and other sites in the vicinity of Kaysone Phomvihane City.  It was attended by many private sector representatives and entrepreneurs as well as government representatives from Savannakhet Province, line ministries, and departments.

Recognizing the importance of private sector investment and community engagement for sustainable development, Vice Governor of Savannakhet, H.E. Mr. Thonkeo Phouttakayyalath, highlighted “the importance of building the capacity of rural communities for tourism development and improvement of livelihoods to achieve sustainable natural resource management”.

UNDP Deputy Resident Representative, Mr. Balasubramaniam Murali further remarked that “ecotourism has the potential to greatly enhance the provincial economy, as well as change the lives of many within rural areas like Xonnabouly District”.

Delegates at the Responsible Business Forum in Savannakhet. Photo: UNDP Lao PDR

Delegates at the Responsible Business Forum in Savannakhet. Photo: UNDP Lao PDR

Ecotourism provides local communities with new sources of income and opportunities for development. It also incentivizes the private sector to take better care of the environment as many tourists are willing to pay extra to visit attractions that are maintained and conserved sustainably.

Prior to the dialogue meeting, delegates tried out an ecotourism circuit from Kaysone Phomvihane City, visiting Nam Sui Reservoir, Dong Ling (Monkey Forest) and the Ong Mang Ecosystems Conservation Centre. The delegates engaged with the Village Conservation Team from Ban Sanamxay who highlighted the successes and challenges of community-based conservation in ecotourism. This ecotourism trail will be further developed and promoted to tourists visiting Savannakhet province in collaboration with private tour operators.

The Responsible Business Forum was organized by the Savannakhet Department of Planning and Investment in collaboration with the SAFE Ecosystems Project, implemented by the Department of Forest in the Ministry of Agriculture and Forestry, and supported by UNDP and the Global Environment Facility.

 

For more information on investment please contact:

Mr. Valiya Sichanthongthip
Director Department of Planning and Investment, Savannakhet Province

Email s_valiya@hotmail.com
Tel:
+856 20 59693232

 

Mr. Keokolakoth Chanthavisai,

National Project Manager, Sustainable Forest and Land Management in the Dry Dipterocarp Forest Ecosystem of Southern Lao PDR Project

Department of Forestry, Ministry of Agriculture and Forestry, Vientiane, Lao PDR

Email keo.korakoth@hotmail.com

Tel: +856 20 599 149 55

 

Dr. Margaret Jones Williams
Head of Natural Resources Management and Climate Change,

UNDP Lao PDR
E-mail:
margaret.jones.williams@undp.org
Tel: +856 21 267 710

 

Photos: UNDP, Phoonsab Thevongsa

Chinese Development of Khonephapheng Area to Transform Champasack Province

Khonephapheng SEZ

Plans for a massive Chinese development project around the famed Khonephapheng waterfall in Champasack Province are moving forward, as talks between provincial authorities and a Chinese investment firm continue.

The results of a study on the potential of a Khonephapheng Special Economic Zone (SEZ), as it will be known, were presented to the Ministry of Planning and Investment in January this year. The company which undertook the study, Guandong Yellow River Industrial Group, has said it would invest US$ 10 billion into the project.

The company says they will construct hotels and restaurants, a shopping center, and other peripheral tourism businesses.

Plans presented to the government included a building constructed in the shape of the khaen, a famed Lao mouth organ that has been listed by UNESCO as part of world heritage.

Another plan showed a building constructed to mimic a tip khao, or sticky rice container, which is another iconic piece of Lao cultural hertitage.

khonephapheng sez plans

The project has been approved by provincial authorities, who are interested in the project, and who said they would allocate over 7,000 hectares of land for the company.

Local authorities believe the project will help to improve the livelihoods of local people, and would boost tourism in the region. Villagers displaced by the project would need to be relocated, however, and would be provided with new residences and employment, which could be provided by the project.

The first phase of the project, which would run from 2018 to 2025, would see installation of infrastructure including roads, water systems and drainage. The second phase would include an airport to facilitate the expected number of tourists and business people.

The findings of the study and the project proposal have yet to be presented to the National Assembly, who will have the final say on its approval.

Source: Vientiane Times Lao Post

Prime Minister Urges End of Tedious Policies to Improve Business Climate in Laos

Doing Business in Laos

Prime Minister Thongloun has advised line ministries to eliminate futile procedures in an effort to improve the business environment in Laos.

When addressing the 10th Lao Business Forum in Vientiane earlier in the week, the Prime Minister stated that the government is attempting to develop a suitable business environment that will simplify unnecessary procedures that are a hindrance to domestic and foreign business operations.

He pointed out that Laos has been grappling with needless challenges and obstacles, suggesting to foreign investors that the country is an unsuitable business climate thus deterring potential foreign investors. He added, “for instance, the complicated and slow procedures involved in imports and exports has been a long-time issue, so the Ministry of Industry and Commerce should take action to deal with the problem,”

PM Thongaloun made it clear to the relevant officials that if a solution could not be found for an issue, both the Prime Minister and Deputy Prime Minister are prepared to be relied upon as a resource and inclined to give advice on the dilemma.

“By doing so, we will be able to maintain a stable macroeconomic environment as well as promote the establishment and expansion of new and existing businesses,” he said.

Mr Oudet Souvannavong, President of the Lao National Chamber of Commerce and Industry, stated that the Lao Business Forum played a crucial part in developing the country’s business environment and that this was a platform for dialogue.

“Previously, four issues were raised by the private sector, while 14 issues are in the process of being resolved and another 13 issues still require more time to address,” he said.

Minister of Industry and Commerce, Ms Khemmani Pholsena,explained that development of the legal and regulatory environment was essential for the growth of private enterprise.

She mentioned that despite past efforts made, businesses still face a multitude of challenges associated with the unproductive laws and regulations that are reinforced across the nation. However, insight from past interventions and exploration should encourage more effective approaches in the upcoming years.

Representatives from various Private Sector Working Groups reported on issues and recommended a course of action to rectify those issues, to the line ministries during the course of the meeting,

Among the issues raised, were business taxes, particularly value-added tax (VAT) refunds, the excise tax charged for internet services, high logistics and transport costs, and inconvenient import-export procedures.

The tedious and outdated procedures required to start a business, including enterprise registration and licensing, limited access to affordable finance by small and medium sized enterprises (SMEs), and the lack of information regarding the labour market were also topics up for discussion.

Prime Minister Thongloun concluded the half-day forum by encouraging the private sector to genuinely share and discuss all unresolved issues so that they can be resolved, especially since he believes that the government should be eager in assisting them because it will contribute to the socio-economic development of Laos.

Laos and Thailand Must Further Promote Investment

Laos and Thailand Business Forum

Prime Minister Thongloun Sisoulith has called upon the business sectors in Laos and Thailand to promote further investment and cooperation.

The Prime Minister attended the 2017 Lao-Thai Business Forum in Vientiane yesterday, and made his announcement there. The event, which was attended by nearly 200 participants, was jointly organized by the Lao National Chamber of Industry of Commerce and the Thai Embassy to Laos.

The PM stressed that barriers must be overcome, while business mechanisms must be fast, timely, and transparent. He also said he would like to see investment proposals passed through a single window, with projects open to inspection.

He pointed out that Laos demonstrates investment potential in agriculture, as well as hydropower generation, and tourism.

The Lao government aims to continually improve the investment environment in Laos, which benefits from political stability and steady economic growth.

According to the President of the Lao National Chamber of Industry and Commerce, Mr Oudet Souvannavong, the business forum was an important means for promotion of trade and investment between Laos and Thailand.

The forum is a unique platform for Lao and Thai businesspeople to network, undertake business matching, and discuss trade and investment information, said Mr Oudet.

Laos and Thailand have had a historic tradition of cooperation, and Thailand remains the main trading partner of Laos, with trade and investment has increased over the last few years.

Major exports from Laos to Thailand include electricity, copper, tobacco, vegetables, and minerals. Laos, in turn, imports fuel, vehicles, electronic items and machinery from Thailand.

This year’s Lao-Thai Business Forum will include discussions in eight sectors, being agriculture, logistics, border trade, tourism, health, real estate, financial institutions, and natural resources.

Source: Vientiane Times