Laos News

Laos News

China gives Laos $81m in aid, loans 0

property laosSource: Bangkok Post

China has agreed to give Laos 300 million yuan (US$49 million) in grant aid and 200 million yuan ($32.6 million) in interest-free loans this year, news reports said on Thursday.

The agreement was signed by Lao Prime Minister Thongsing Thamavong and his Chinese counterpart Li Keqiang earlier this week in Nanning, China, on the sidelines of the Asean-Expo, the Vientiane Times reported. More…

Chinese premier meets Laos PM 0

Source: XinLi Keqiang and Thongsing Thammavonghua

Chinese Premier Li Keqiang met with Laos Prime Minister Thongsing Thammavong here Monday, pledging to enrich the content of their all-round strategic partnership of cooperation.

Li made the remarks during his meeting with his Lao counterpart on the sidelines of the 10th ASEAN-China Expo, which is set to run from Sept. 3-6 in Nanning, capital of south China’s Guangxi Zhuang Autonomous Region. More…

Laos bourse to start trading bonds 0

Lao Securities ExchangeSource: Bangkok Post

Lao Securities Exchange will start trading bonds and triple the number of listed companies next year to raise revenue after posting a loss every year since it opened in 2011.

The exchange, the second-smallest by market capitalization among 84 global bourses tracked by Bloomberg, after Swaziland, plans to begin government bond trading for the first time early next year, according to Chief Executive Officer Dethphouvang Moularat. More…

Laos, Hungary join forces to boost agricultural exports 0

Rice Fields in LaosSource: Vientiane Times

The Sahamit Development Corporation Company will team up with a Hungarian business group to produce agricultural goods for local markets and export.

A memorandum of understanding was signed in Vientiane on Friday between the President of the Sahamit Development Corporation Company, Khuanchai Siphakanlaya, and President of the Hungarian Aquaculture Association, Laszlo Varadi. More…

Maybank Investment eyes Laos, Cambodia for expansion 0

Maybank LogoSource: BERNAMA

Maybank Investment Bank Bhd, which is celebrating its 40th anniversary this year, is looking at expanding its operation to Laos and Cambodia, after having successfully completed its integration with Kim Eng Holdings Ltd recently.

Its Chief Executive Officer Tengku Zafrul Aziz said the plan was still in preliminary stage as the investment bank was still studying the potential of these markets. More…

Vietnam-Lao 2013 trade turnover totals US$504 million 0

Flag-Pins-Laos-VietnamSource: The Voice of Vietnam

Bilateral trade between the two countries reached US$504 million in the first half of this year, up 8.3 percent on last year’s same period.

Vietnamese Deputy Minister of Industry and Trade Nguyen Cam Tu and his Laos counterpart Khemmany Phonxena agree Vietnam’s and Laos’ two-way trade turnover has yet to properly reflect both countries’ potential. More…

Labour shortage a major challenge for investors 0

Laos WorkersSource: Vientiane Times

Both local and foreign investors operating businesses in Laos have been encountering problems stemming from the chronic labour shortage.

“We are experiencing an annual shortfall of labourers in excess of 31,000 people,” said a senior advisor to the Lao National Chamber of Commerce and Industry. More…

Vietnam ‘threatened’ by Chinese, Thai investments in Laos 0

A tuk-tuk drives past an advertisement in Vientiane for a Vietnamese company with a rubber concession in LaosSource: Radio Free Asia

Vietnam “feels threatened” by increasing Chinese and Thai investment in neighboring Laos and is concerned that the two countries will dethrone it as the top investor there, according to a senior Lao official.

The concern was expressed in a letter from the secretariat of Vietnam’s ruling Communist Party to its Lao counterpart, the official told RFA’s Lao Service, speaking on condition of anonymity. More…

CK signs on for B20bn Laos plant 0

531459Source: Bangkok Post

The SET-listed Ch. Karnchang Plc (CK), Thailand’s third-largest contractor by market value, has signed a contract with the Laotian government to develop the 20-billion-baht Nam Bak hydroelectric power plant.

Nam Ngum 2 Power Co, a subsidiary of CK Power Plc, signed a project development agreement last week for the plant, which is to have an installed capacity of 160 megawatts. More…

New Zealand, Laos tighten cooperation 0

Flag-Pins-Laos-New-ZealandNew Zealand Governor General, Lieutenant General the Right Honorable Sir Jerry Matepare, his wife and delegation are visiting Laos from August 12 to 14 at the invitation of President Choummaly Sayasone.

A bilateral meeting between the two heads of state and delegations from both sides took place at the President’s Office in Vientiane yesterday afternoon on the arrival of the New Zealand delegation. More…