BusinessGovernmentInvestmentsLao EconomyLatest News

“Made in Laos 2020” To Promote Economic Recovery After Covid-19 Crisis

Source: Vientiane Times

Laos is looking to turn the Covid-19 crisis into an opportunity by promoting domestic products and tourism sites along with the uniqueness of the country’s culture to attract more business and visitors.

The upcoming Made in Laos 2020 fair, to be held at Lao-ITECC in Vientiane from December 25 to January 3 next year, will be used as a platform to spur domestic consumption and to promote a range of “Made in Laos” goods.

Under the directions of the Ministry of Industry and Commerce, the Lao National Chamber of Commerce and Industry (LNCCI) is working in collaboration with the Vientiane Chamber of Commerce and Industry (VCCI) to bring together more than 100 companies from across Laos to showcase their goods and services at more than 220 booths.

Addressing a news conference at the LNCCI meeting room on Thursday, LNCCI’s Vice President, Mrs Chanthachone Vongsay, said the main purposes of the event are restoring and promoting the domestic economy amid the Covid-19 crisis, marking the 45th anniversary of the Lao PDR and commemorating the 100th birthday anniversary of late President Kaysone Phomvihane.

The highest and best coverage for cars & motorbikes in Laos!
And now with an exclusive one-month free promotion and participation in Lucky Draw !

“This will be a platform to promote domestic products and create awareness among the public about using more Lao goods, travelling more within Laos and other activities,” she said.

This year, VCCI and LNCCI will co-host exhibition booths that reflect the country’s socio-economic growth and development.
“More importantly, there will be promotional sales by several companies that are taking part in the event. Seminars on e-commerce, access to finance and adapting to the new normal, and business networking sessions will be held during the fair,” Mrs Chanthachone said.

Exhibitors who register domestic products with LNCCI for using a Made in Laos brand won’t have to pay any fees.

The fair will be formally opened during a ceremony on December 30, to which Prime Minister Thongloun Sisoulith has been invited. The fair will be open for general product exhibition and sales from December 25 to January 3.

Thursday’s news conference was also be attended by the Deputy Director General of the Trade Promotion Department under the Ministry of Industry and Commerce, Mr Sisangkhom Khotyotha, the VCCI Vice President, Dr Khamla Nakkhavong, and representatives of the Lao World Public Company and Petroleum Trading Lao Public Company.