Economy and commerce
Lao authorities pick new company to complete road upgrade project
Government authorities in Laos have selected a new company to upgrade a major thoroughfare in the capital Vientiane, after the firm submitted an estimate that was lower than one quoted by a Chinese company believed to have ties to the country’s national leaders. A survey conducted ...
Korea extends support to Laos for ASEAN integration
The Korea International Cooperation Agency (KOICA) will provide more than US$13 million (more than 104 billion kip) in assistance to Laos next year in various sectors of development. KOICA President Kim Young-Mok announced the support when he paid a courtesy call on Prime Minister Thongsing Thammavong ...
Friendly relations between Russia, Laos to promote expansion of cooperation — Putin
Russian President Vladimir Putin has said it is necessary to use friendly relations between Russia and Laos for expanding economic cooperation. Keep reading ...
Vietnam seeking to boost exports: officials
Vietnam is seeking measures to boost exports as it is forecast to continue seeing a slow growth, officials said on 3 September. Export prices and volumes of many agricultural and mineral products will continue their downward trends, affecting the increase of export value, Nguyen Tien Vy, ...
Thai company proposes Phnom Penh parking lot plan
After Phnom Penh City Hall announced last month that bus stations must be moved outside the city by next year, a Thai company put forward a proposal on 1 September to invest in bus parking lots on the city’s outskirts, according to the municipality. Keep reading ...
Energy efficiency crucial for ASEAN
Governments and the private sector have become increasingly aware of opportunities for significant savings through energy efficiency. Within ASEAN, there is about US$43 billion in potential savings available if member countries adopt a technology intense strategy to drive efficiency. Thailand alone could save more than copy.1 ...
Vietnam cautious on plan to raise crude oil output for growth
While some officials have proposed an increase in Vietnam’s crude output to counter the falling oil prices and achieve an economic growth of 6.2 percent, the government is not yet sure if that is an optimal strategy. The government will continue studying “all relevant factors” to ...
Thai consumers reluctant to spend
Based on the latest report by the Commerce Ministry, consumer prices based on 450 products and services fell for an eighth straight month in August due mainly to prolonged weak consumption. The ministry on 1 September reported prices contracted by 1.19% year-on-year last month. Keep reading ...
Vietnam poised to achieve economic target despite currency fall: experts
Vietnam will be able to achieve its economic growth target of 6.2 percent set for this year, regardless of China’s yuan devaluation, the National Financial Supervisory Commission reported on 31 August. Keep reading ...
Vietnamese, Venezuelan leaders decide to deepen trade relations
State President Truong Tan Sang reiterated Vietnam’s desire to deepen ties with Venezuela to benefit both countries during talks with Venezuelan President Nicolas Maduro Moros in Hanoi on 31 August. Vietnam backed Venezuela’s constitutional government led by President Moros, said the host, adding that he believed ...
