Economy and commerce

Prime Minister Thongloun Sisoulith has told the cabinet to intensify efforts to counter the illegal import of more than 5,000 vehicles into Laos. The premier issued the directive at the government’s two-day monthly meeting for July that closed in Vientiane on Tuesday. It was previously ...

PTT Exploration and Production Plc (PTTEP) is to secure the supply of liquefied natural gas (LNG) by purchasing a 10% stake in an LNG production resource of Malaysia’s national oil firm, Petroliam Nasional Berhad (Petronas), for US$500 million (16.7 billion baht).Keep reading ...

A proposed high-speed railway linking southern China to Thailand’s industrialized Eastern Seaboard should be built “quickly” according to Wang Yi, China’s foreign minister, after a meeting on Monday with Prime Minister Prayuth Chan-ocha. “This Thai-China train project may face problems but the important matter is ...

Myanmar will gain financially from the China-Myanmar crude oil pipeline, which began operations in early April after the two countries signed an agreement for the transport of crude oil, said officials. The crude oil transport agreement was signed on April 10 in Beijing during president U ...

In 2013, Chinese President Xi Jinping announced something called the Belt and Road Initiative, which was to be a trillion-dollar framework to guide Chinese foreign investment, infrastructure development, trade, and other international forays. What this initiative actually consists of still remains vague, what its benchmarks ...

Việt Nam’s import of palm oil and paper from Indonesia could experience a year-on-year increase of 38 per cent, Indonesian ambassador to Việt Nam Ibnu Hadi said on Wednesday.Keep reading ...

Laos must increase understanding of the rapid development and expanding use of renewable energies and the revolution in energy production and distribution especially for technical officials responsible for the field. This was among the messages delievered at a meeting that took place in the capital ...

The government has signalled its latest measure to boost the country’s agriculture and husbandry industries by offering loans to farms and lifting the ban on livestock export, according to the Ministry of Planning and Finance. At a meeting with Vice President U Myint Swe and businessmen ...

Laos has huge potential in developing tourism sites, with a number of incentives introduced to boost investment in the sector. Deputy Minister of Information, Culture and Tourism Mr Ounethouang Khaophanh said investors were welcome to invest in developing and operating tourism sites in line with ...

Developing a deep-sea port at the delta region, reforming the customs valuation process and increasing customs’ operating hours are policy recommendations endorsed by an advocacy group. The recommendations are published in the position paper released by the European Chamber of Commerce Myanmar (EuroCham) in June as ...