Source: KLP Two Chinese companies Wen Hao and Zhongtuo Guangfu have launched a multimillion dollar real estate project which willRead more
One of the most common agreements made in Lao PDR are lease agreements, whether they are for residential accommodation, office or shop space, factory or farm land or any other personal or commercial purposes. However, from time to time, disputes or disagreements may arise from the lease agreement, many of which could have been avoidable through clearly stated terms in a lease contract or a legal review for compliance under Lao PDR law.Read more
The entry of foreign investors to Laos has resulted in a boom in real estate business in the Asian nation, notably in the capital Vientiane.Read more
Prime Minister Thongloun Sisoulith says he wants to end the Lao government’s policy of bartering land for development, in a reversal of a long-term practice that has seen large swaths of the country go to foreign-backed investors.
“The business sector should not convince the governmental sector to create debts for the nation,” Thongloun told the Lao version of the chamber of commerce earlier this month. “In recent years, many big development projects, including ….
Growth in Vientiane residential house and apartment construction will remain slow for the remainder of this year but is expected to accelerate by 10 percent next year.
Growth is slower because many projects in Laos rely on Chinese investors who are being restrained under the Chinese government’s policy against corruption. This is discouraging investors from ….
The main drainage channels in Vientiane need to be cleaned yearly to allow water to flow free and to protect against floods, but some channels were receiving inadequate funding for the work.
The capital has 21 major drainage channels and storm water drains that has to be cleaned and repaired every year.
“The budget should be used to clean and repair all storm water drains and channels several times, but in reality we have to prioritise the …..