Category Archives: Business

Lao Garment Industry Fails To Attract New Investors

Lao Garment Industry Fails To Attract New Investors

The construction of garment factories in Laos has continued only gradually this year as the industry is still struggling to source workers to supply its factories, according to an official related to the sector.
Vice President of the Association of the Lao Garment Industry, Dr Xaybandith Rasphone explained that the construction of garment factories is expected to proceed slowly again this year as it …. Continue reading

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Numerous Officials Cited For Corruption By Inspection Authority

Numerous officials cited for corruption by inspection authority

Numerous officials at the central and local levels have been found to have been involved in corrupt conduct which has resulted in a huge loss of financial resources.
The activities were revealed by the State Inspection Authority (SIA) when reporting on the results of their inspections over the past year. Some officials from the agriculture sector in Saravan province were involved in document forgery, defrauding the state of ….. Continue reading

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IFC Promotes Increased Access To Credit

IFC Promotes Increased Access To Credit

The International Finance Corporation (IFC), a member of the World Bank Group, is working with the Bank of the Lao PDR (BOL) to reform its credit-reporting framework.
This is part of a wider effort to improve the country’s financial infrastructure, facilitate lending for smaller businesses, and boost economic …. Continue reading

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Number Of New Entrepreneurs Drops

Number Of New Lao Entrepreneurs Drops

The number of entrepreneurs registering businesses in Laos declined by 13 percent over the past 10 months of this fiscal year compared to the same period last year.
According to a recent government report, the number of registered businesses reached 1,666 units from October 2016 to May 2016 with registered capital amounting ….. Continue reading

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Krittaphong Group’s Businesses Growing In Laos

Krittaphong Group's Businesses Growing In Laos

One of the biggest local investors in the region, Krittaphong Group Co., Ltd. is pouring capital into various mega projects to build stronger business capacities in Laos, a developing nation in Asean and the world.
In Vientiane, major properties belonging to it include the Landmark Mekong Riverside Hotel, the five-star ….. Continue reading

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Top Leaders Discuss How Businesses Can Succeed In ASEAN Developing Economies At Channel NewsAsia Forums

Top Leaders Discuss How Businesses Can Succeed In ASEAN Developing Economies At Channel NewsAsia Forums

Business leaders share views on roadmap to success; Christine Lagarde, Managing Director of IMF, discusses economic development at ASEAN Business Investment Summit 2016
Regional broadcaster, Channel NewsAsia, brought together business leaders and the government sector for two forums held during the ASEAN Business and Investment Summit (ABIS) 2016, at …. Continue reading

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