IFAD’s country strategy fully aligns with Laos’7th National Socio-economic Development Plan.
The Lao government and the International Fund for Agricultural Development (IFAD) are looking at how they can further strengthen their partnership, according to the source from Vientiane Times. A Lao delegation led by Deputy Minister of Finance Mr.Santiphab Phomvihane attended the 36th Governing Council of IFAD from February 13 to 14 in Rome, Italy. More…
Banque Franco-Lao Ltd (BFL) is a joint venture between the BRED Group and BCEL.
The number of banks setting up in Laos has been increasing recently, reflecting the growth in the banking business here as the country’s economy expands. The growth rate of Banque Franco-Lao Ltd (BFL), a joint venture between the BRED Group and Banque pour le Commerce Exterieur Lao Public (BCEL), reportedly doubled between 2011 and 2012 and now expects to grow by 50 percent in 2013. More…
The growing demand for agri-products in China pushes for commercial agriculture and generate income for local people.
Deputy Prime Minister Somsavat Lengsavad has called for local authorities in nine northern provinces to develop commercial agriculture, with a view to exporting more produce to China. Mr.Somsavat, who supervises economic affairs, was chairing a meeting on agricultural production and the standard of export products in Oudomxay province on Tuesday. More…
Laos’ commitment to abide by the WTO’s market access rules will lower the risk of investing.
Fifteen years after Laos first sought membership in the World Trade Organization (WTO), the small landlocked Southeast Asian state finally became the global trade body’s 158th member on February 2, 2013. While many have touted the benefits of WTO membership for Laos, Vientiane must grapple with several formidable challenges to realize these benefits in the coming years. More…
Vietnam has become the largest foreign investor in Lao.
The Lao Ministry of Development and Planning has reported that Vietnam has become the largest foreign investor in Laos in the 1989-2012. Since the Lao Government adopted a foreign investment promotion policy in 1989, Vietnamese investors have funded 429 projects with a total value of US$4.9 billion. More…
<img src="http://emergingfrontiersblog.files.wordpress.com/2013/02/laos-project-e1360877354595.jpg?w=180" alt="Construction will take 5 years after deal is signed.
Construction will take 5 years after deal is signed.
Reposted from Bangkok Post
SET-listed Ratchaburi Electricity Generating Holding Plc (RATCH) aims to start construction of the Xe-Pian Xe-Namnoy hydroelectric power project in Laos this quarter. Xe-Pian Xe-Namnoy Power Co (PNPC) signed a 27-year power purchase agreement (PPA) with the Electricity Generating Authority of Thailand (Egat) in Vientiane on Wednesday. More…
Mr.Suratchai and Mr. Manotham stand in front of a display for The Emperor House project.
The Emperor House Co Ltd, the Thai builder of luxury homes, has teamed up with Laotian conglomerate the Insee Group to tap the luxury self-built home market in Laos, expecting to sell two houses worth almost 120 million baht this year. More…
Lao’s No. 1 destination, Luang Prabang, is yet to be the top tourism destination.
As it turned out, Dyen Sabai was the perfect place to be at that moment in all Luang Prabang. Without the artificial light we could see across the river to the colonial town at dusk and the summit of Phousi Hill, plus the occasional longboat chugging along. The gentle chatter of our fellow diners swelled as they leaned on cushions by the low tables. The Beer Lao, impossibly cold, kept coming. And without the flickering light bulb above our table, the mosquitoes chose to leave us be. More…
Land in Vientiane’s prime locations was going for 3,000 dollars per square metre in 2011.
Property prices in Vientiane rose up to 15% last year, bolstered by foreign-funded development projects and growing confidence in the economy, state media said Thursday. Houmphan Sayalath, managing director of RentsBuy.com, a leading real estate agent, said land prices in town rose 10 to 15% and 50% along the Mekong River bank, the Vientiane Times reported. More…
A model of the development showing zones 1 (rear), 2( centre) and 3( front ).
The Nongtha Paradise Land project in Chanthabouly district of Vientiane has completed about 60 percent of the first zone’s basic infrastructure works like land clearance and marking out roads and building plots. This first zone, which covers about 15 hectares, will comprise hotels, a trade centre, parking, houses and apartments for sale and it is expected that the zone will be finished in 2015, according to the developer. More…
