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Clothing products in demand by European markets

Garment products to European countries are seen as a leading export while vehicle parts and agricultural vehicles were the most imported products over the past few years, government data has shown.

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April 20, 2017
- South-East Asian Tech-Based Startups opening up the region
Tech-based startups are now amongst the fastest growing businesses in South-East Asia. . More >>>

April 19, 2017
- Lao New Year consumer spending has positives and negatives
Huge spending by local consumers during the week-long celebration of Lao New Year can have both positive and negative impacts on the national economy, a senior economist has commented. . More >>>
- Pawnshop businesses continue to experience growth
Pawnshop business growth continues to climb at the same 10 percent rate as last year with room for competition as compared to other finance institutes, according to a sector report. More >>>

April 18, 2017
- Electricity powers up exports towards a better trade balance
Thailand and Cambodia remain leading electricity importers from Laos among the ten-member Association of South East Asian Nations (Asean). . More >>>
- Trade Center's Naga Mall prepares for December opening
Malls are an increasing feature of the capital's commercial landscape. . More >>>
- Thai baht appreciation could hit Lao hip pockets
The Thai baht has continued to appreciate against the Lao kip over the past few weeks, which could further drive up the price of products imported from the southern neighbour. . More >>>

April 12, 2017
- Savan Logistics to attract more foreign investors
Savan Logistics based in the Special Economic Zone or Savan Park (SEZ) is confident that more world-leading car manufacturers from France and other countries will consider Laos as an investment destination in the years to come.
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- BCEL takes lion's share of electronic card products
Banque Pour Le Commerce Exterieur Lao Public (BCEL) occupies the largest market share among commercial banks in Laos in terms of electronic card products and services. More >>>

April 11, 2017
- Ardeco eyes building materials supply
As Laos is gearing up for the development of infrastructure, with more and more buildings mushrooming in several major cities, the use of modernised items for construction is necessary. Now Ardeco, a private company, is ready to be a supplier of those imported materials.. More >>>
- Savannakhet families to benefit from GMS irrigation project
The Greater Mekong Subregion (GMS) East-West Economic Corridor Agriculture Infrastructure Sector Project last week presented certificates to 95 families who donated their land and other property worth about 800 million kip to enable an irrigation project to take place. . More >>>

April 10, 2017
- SEZ management decrees pave way for improved investment climate
The government is considering draft decrees on the promotion and management of Special Economic Zones (SEZs) as an essential step prior to the enactment of laws governing SEZs. . More >>>
- Global growth will have positive impact on Laos: Economists
Lao economists are optimistic about continued growth of the country's economy following recent economic reports by the International Monetary Fund (IMF) and Asian Development Bank (ADB). More >>>

April 8, 2017
- Luang Prabang hotel bookings remain steady
The booking of hotel rooms in the World Heritage town of Luang Prabang over the Lao New Year holiday has not seen any increase from last year. . More >>>

April 7, 2017
- IMF paints positive picture for global economic growth
Economic activity is projected to pick up its pace in 2017 and 2018, especially in emerging markets and developing economies, according to the International Monetary Fund (IMF)'s recent World Economic Outlook Update. . More >>>
- Prudential opens new branch in Luang Prabang
Prudential Life Assurance (Lao) Company Limited (Prudential Laos) recently launched a new sales unit branch at the ACLEDA Bank branch in Luang Prabang province, aiming to offer products that better suit customers' needs. More >>>

April 6, 2017
- Ministry calls for price controls over Lao New Year
The Ministry of Industry and Commerce has advised local authorities to take full responsibility for controlling product prices over the Lao New Year (Pi Mai) holiday. . More >>>


April 5, 2017
- Sangthong optimistic about organic rice exports
Sangthong district in Vientiane will increase its organic rice cultivation to reach its export goal of 1,800 tonnes this year, according to a local agriculture official. . More >>>

April 4, 2017
- VietinBank Lao celebrates fifth anniversary
Vietnam Commercial Bank for Industry and Trade in Laos (VietinBank Lao) celebrated its fifth anniversary of operations in Laos last week at the Muong Thanh hotel in Vientiane. . More >>>
- Japanese assistance to boost Lao tax collection
The Lao government is seeking to enhance the capacity of officials in charge of tax administration to ensure the stability and effectiveness of taxes and revenue collection. . More >>>

April 3, 2017
- Improved VAT procedures to enhance Laos' business climate
The Ministry of Finance is seeking consultations with business sector operators and government agencies on the new implementing instructions for the revised value-added tax (VAT) Law, aiming to make tax collection procedures more transparent. . More >>>

April 1, 2017
- Fresh market opens ahead of new Thongkhankham Market launch
Lao World Public Company (Lao World) has opened a fresh market on the first floor of the new Thongkhankham Market after construction of the six-story complex began in 2014. More >>>
- Energy developers ink concession deal
The Nam Mo 2 Power Company Limited, a private energy development company owned by Lao and Vietnamese companies, on Thursday penned a 27-year concession agreement with the Lao government for the Nam Mo 2 Hydroelectric Power Project. More >>>

April 1, 2017
- AEC driving Lao economic growth but at slower pace
The Asean Economic Community (AEC) is driving growth of the business sector in Laos which is helping to generate job opportunities for local people. . More >>>

March 30, 2017
- Lao Telecom, CPN unveil new marketing scheme
Lao Telecom and Central Pattana Public Company Limited (CPN) of Thailand have joined together to develop a marketing strategy that will feature new promotions for existing Lao Telecom customers while attempting to attract more tourists to Thailand. . More >>>
- Completed overhaul boosts Theun-Hinboun output
A major energy generator in Khammuan province, Theun-Hinboun Power Company (THPC), now has an overall generating capacity of 520 megawatts (MW) following the recent completion of a major overhaul; it recently had only 500MW. . More >>> - Companies ink deal for supply of cement for Tanmixay road
The Langxang Cement Lao Co., Ltd. under the Yunnan provincial Energy Investment Group Co., Ltd. (YEIG) has agreed to supply cement to the Tang Chareon (TCR) Group Co., Ltd. to build a 9.37km highway in central Vientiane. . More >>>

March 29, 2017
- Khong district enjoys boom in tourism, income
Khong district in Champassak province expects to see its tourism income reach 125 billion kip by the end of the year, an increase of 10 percent from last year. . More >>>
- Hilton enters Laos with Double Tree
Hilton (NYSE: HLT) and Double Tree by Hilton Vientiane recently signed a management agreement with TPD Company Limited, a subsidiary of the TK Group, to manage the 160-room Double Tree by Hilton Vientiane, which is scheduled to open in early 2020. More >>>

March 28, 2017
- Isuzu targets 30 percent market share in Laos
Isuzu is eyeing a 30 percent market share of pick-up automobile sales in Laos in the next five years despite serious competition in this segment of vehicles. . More >>>
- Mekong startups look to bolster opportunities through forum
Mekong startups are looking for new ways to create value and allow technological innovation to work better for people and markets in the region. . More >>>

March 27, 2017
- Krungsri Bank teaches schoolchildren the basics of financial literacy
Krungsri Vientiane Branch and the Banking Institute are co-hosting the Krungsri Financial Literacy ‘Simple to Learn' Equipping Youths with Financial Discipline and Money Management Skills. . More >>>
- Govt stresses seven policies to promote SME growth
The government is stressing seven main policies to promote small and medium enterprise (SME) development in an effort to benefit the economy and expand their markets. More >>>
- Lao consulting company selected to promote cooperation with Indonesia
A consulting company representing a variety of Lao companies will sit down with a cross section of Indonesian businesspeople to discuss the creation of business opportunities between the two countries. More >>>
- Inflation rate drops in February
The inflation rate in Laos dropped in February amid strong complaints by the public regarding the rising cost of living.
More >>>

March 25, 2017
- Lao, US officials discuss trade, investment agreement
Senior officials from the governments of Laos and the United States of America met recently in Vientiane to discuss implementation of the Trade and Investment Framework Agreement (TIFA). . More >>>

 

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