Latest news with #LaoEconomicDaily
The Sun
5 days ago
- Business
- The Sun
New Lao-Thai friendship bridge to enhance trade, connectivity
VIENTIANE: The fifth Lao-Thai Friendship Bridge, linking Bolikhamxay province in Laos to Thailand's northeastern province of Bueng Kan, is set to open in December 2025, enhancing regional and international connectivity while fostering trade, investment, tourism, and people-to-people exchanges between the two countries, reported Xinhua. A concrete-pouring ceremony of the fifth Lao-Thai Friendship Bridge was held on Friday in Bolikhamxay province, attended by Lao Deputy Prime Minister Saleumxay Kommasith, Thai Deputy Prime Minister and Minister of Transport Suriya Jungrungreangkit, and officials from both countries. The project is an important part of Lao's sustainable growth plan and will help the country improve infrastructure and become better connected regionally and internationally, according to a Lao Economic Daily report on Saturday. The 1,350-metre bridge marks a major step in bilateral cooperation, with 98.4 per cent of construction on the Lao side and all approach roads and immigration facilities completed. The bridge is expected to cut travel time between the two provinces by up to three hours, boosting trade and tourism. Following earlier crossings that handle over 5 million vehicles annually, the new bridge is projected to start with 1,200 vehicles per day, increasing to 3,000 within five years.
The Sun
5 days ago
- Business
- The Sun
Fifth Lao-Thai Friendship Bridge to open by December 2025
VIENTIANE: The fifth Lao-Thai Friendship Bridge, linking Bolikhamxay province in Laos to Thailand's northeastern province of Bueng Kan, is set to open in December 2025, enhancing regional and international connectivity while fostering trade, investment, tourism, and people-to-people exchanges between the two countries, reported Xinhua. A concrete-pouring ceremony of the fifth Lao-Thai Friendship Bridge was held on Friday in Bolikhamxay province, attended by Lao Deputy Prime Minister Saleumxay Kommasith, Thai Deputy Prime Minister and Minister of Transport Suriya Jungrungreangkit, and officials from both countries. The project is an important part of Lao's sustainable growth plan and will help the country improve infrastructure and become better connected regionally and internationally, according to a Lao Economic Daily report on Saturday. The 1,350-metre bridge marks a major step in bilateral cooperation, with 98.4 per cent of construction on the Lao side and all approach roads and immigration facilities completed. The bridge is expected to cut travel time between the two provinces by up to three hours, boosting trade and tourism. Following earlier crossings that handle over 5 million vehicles annually, the new bridge is projected to start with 1,200 vehicles per day, increasing to 3,000 within five years.
The Star
24-05-2025
- Business
- The Star
Laos convenes forum to promote regional economic cooperation
FILE photo. The HCMC delegation joined a forum held in Pakse, Champasak Province, Laos, which aims to promote investment, trade, and tourism among Vietnam, Laos, and Thailand, on April 10, 2023. - Photo: SGGP file VIENTIANE: Representatives from the governments and businesses of Laos, Thailand, and Vietnam gathered in southern Laos' Sekong province on Friday (May 23) to strengthen economic cooperation, improve trade and international cargo transport, and enhance the region's competitiveness both regionally and globally. They gathered for a forum on Trade, Investment, and Tourism Promotion Strengthening Cooperation in the East-West Corridor, Lao Economic Daily reported on Friday. In his speech, Governor of Sekong province Leklai Sivilay emphasised the seminar's significance in strengthening the potential and capabilities of southern Lao provinces alongside their Thai and Vietnamese counterparts. He highlighted the event's role in encouraging businesses from Thailand and Vietnam to explore investment and partnership opportunities in Laos. The forum also facilitated knowledge exchange on socio-economic development and investment prospects, forming the basis for future collaborative trade, investment, and tourism initiatives. It also opens new opportunities for manufacturers and entrepreneurs to access markets, contributing to local socio-economic development, boosting tourism, creating jobs, generating income, and supporting sustainable growth. - Xinhua
The Star
07-05-2025
- Business
- The Star
Laos pushes to boost local products
VIENTIANE: Laos opened an exhibition to promote local products, aiming to support the production and growth of micro, small, and medium-sized enterprises (MSMEs) in the Lao capital, Vientiane, and other provinces while expanding their market reach. The 11th One District One Product (ODOP) Exhibition, held in Vientiane from May 1 to 11, attracted a diverse group of entrepreneurs and business representatives, according to the Lao Economic Daily report on Tuesday (May 6). The ODOP exhibition has been held annually to showcase local products and promote MSMEs. This year, the exhibition aims to boost market support for local products while encouraging product exchange. A total of 116 business units participated in the exhibition, with 165 booths, including 60 ODOP booths from Vientiane and other provinces showcasing local products. Additionally, the event featured potential products and processed industrial goods from Laos. - Xinhua
