Economy and commerce

Five companies have been chosen to import buses for the BRT lite system, according to U Maung Aung, chair of the BRT lite committee. Authorities hope the BRT lite plan will bring order out of the near-chaos of Yangon’s multiple privately owned buses in competition with ...

Laos’ upcoming presidency of the ASEAN could help Russia enhance trade and economic ties with Asia, Sputnik news cited Russian President Vladimir Putin as saying. Keep reading ...

Nearly 100 experts on tourism gathered in a southern town of Laos on 4 September to discuss ways to promote the country’s eco-friendly tourism, a key to boosting its local economy. Under the theme of “Reinforcing sustainable Tourism in Laos,” the one-day workshop held in Pakse, offered ...

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 ...

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 ...

Russian President Vladimir Putin has said it is necessary to use friendly relations between Russia and Laos for expanding economic cooperation. Keep reading ...

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, ...

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 ...

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 ...

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 ...