Garment products to European countries are seen as a leading export while vehicle parts and agricultural vehicles were the most imported products over the past few years, government data has shown.
Thailand and Cambodia remain leading electricity importers from Laos among the ten-member Association of South East Asian Nations (Asean).
Savan Logistics based in the Special Economic Zone or Savan Park (SEZ) is confident that more world-leading car manufacturers from France and other countries will consider Laos as an investment destination in the years to come.
Banque Pour Le Commerce Exterieur Lao Public (BCEL) occupies the largest market share among commercial banks in Laos in terms of electronic card products and services.
As Laos is gearing up for the development of infrastructure, with more and more buildings mushrooming in several major cities, the use of modernised items for construction is necessary. Now Ardeco, a private company, is ready to be a supplier of those imported materials.
The Nam Mo 2 Power Company Limited, a private energy development company owned by Lao and Vietnamese companies, on Thursday penned a 27-year concession agreement with the Lao government for the Nam Mo 2 Hydroelectric Power Project.
A major energy generator in Khammuan province, Theun-Hinboun Power Company (THPC), now has an overall generating capacity of 520 megawatts (MW) following the recent completion of a major overhaul; it recently had only 500MW.
The Langxang Cement Lao Co., Ltd. under the Yunnan provincial Energy Investment Group Co., Ltd. (YEIG) has agreed to supply cement to the Tang Chareon (TCR) Group Co., Ltd. to build a 9.37km highway in central Vientiane.
The Lao timber processing industry is still suffering from low growth compared to other countries in the region with authorities trying to improve the sector while promoting value added products.
Coffee exports from the Bolaven Plateau in southern Laos are expected to decline in the 2017 fiscal year as a result of unfavourable weather while some coffee growers have switched to cassava instead.