10th May 2024 post by MOIT Vietnam

Laos is grappling with significant economic challenges as its national currency continues to depreciate against major currencies, particularly the US dollar and Thai baht.

8th May 2024 post by MOIT Vietnam

In the first quarter of 2024, trade between Vietnam and Laos saw a significant increase, rising by 12% compared to the same period in 2023, reaching over $476 million.

8th May 2024 post by MOIT Vietnam

The latest report from the Asian Development Bank (ADB) indicates that Laos is expected to experience moderate economic growth in the coming year and the year after, primarily driven by external factors such as tourism and trade.

7th May 2024 post by MOIT Vietnam

According to the Foreign Investment Agency of the Ministry of Planning and Investment, as of April 20, 2024, foreign investment in Vietnam has totaled over $9.27 billion. This marks a 4.5% increase compared to the same period in 2023. Additionally, the actual implementation of foreign investment projects is estimated at approximately $6.28 billion, reflecting a 7.4% increase from the previous year.

3rd May 2024 post by MOIT Vietnam

The central task of the Lao government in May 2024 is to address urgent economic and financial issues. This will be achieved by implementing the practical measures and legal documents outlined by the Special Task Force 19/BCT. The government will also encourage increased production and implement budget collection from sources that exceed the planned revenue targets.