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ACLEDA opens new branch amid client growth

ACLEDA Bank Lao Ltd's Sikhottabong branch expects to have almost 110.2 billion kip (US$13.8 million) issued in loans and held in deposit accounts on behalf of more than 6,500 clients by the end of this year.

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- Savannakhet struggling to maintain water supplies
Savannakhet province is struggling to supply enough water to cope with the growing demands of urbanisation and industrialisation, according to the provincial water enterprise. More >>>
- Tea prices fixed in Phongsaly
Tea prices in Phongsaly provincial markets in the northernmost part of Laos will not experience fluctuations this year after prices were fixed recently, a senior trade official confirmed on Monday. More >>>

May 2 , 2013
- Local businessman aims to boost tourism in Khammuan
A developer in Khammuan province is investing around US$5 million to build a golf course, guesthouses and resorts to attract visitors to the province, aiming to attract more visitors to Tham Nang Aen Cave, not far from the provincial capital of Thakhek. More >>>

April 30, 2013
- Organic farming nets farmers good returns
Organic vegetable farming has the potential to generate considerable incomes for local farmers in Vientiane, with the demand for healthy produce growing and the higher prices it can command. More >>>

April 29, 2013
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Stronger kip fails to dent Lao vehicle sales
The current appreciation of the Lao kip against the US dollar has had little impact so far on vehicle sales, a leading Toyota distributor in Laos said on Friday. More >>>
- JICA begins survey for Champassak dam The Japan International Cooperation Agency (JICA) expects to complete a survey of the Xekatam hydropower project in Champassak province by June next year after starting the survey in February. . More >>>

April 27, 2013
- Vietnamese firm to buy crop from Champassak rice farmers
A Vietnamese company will help farmers in Champassak province to plant rice in the coming wet season then buy the crop for processing into powder for export. More >>>

April 26, 2013
- Power plants stimulate economic growth in rural areas
The construction of power plants is not only ensuring sufficient energy supplies for Laos but is also helping poverty reduction and econom ic growth in rural areas. More >>>
- Lao inflation rate drops to 5.80 percent
The Consumer Price Index (CPI) reached 115.80 points in March, putting the inflation rate at 5.80 percent for the same month, according to the Lao National Statistics Bureau. . More >>>
- Hotel investment in Laos under scrutiny
Delegates at the Hotel Investment Conference Asia Pacific held in Singapore in late March expressed hesitation in opening properties in Laos, citing the lack of a skilled workforce. . More >>>
- Lao Air to offer scenic flights in Vangvieng
Lao Air plans to offer scenic charter flights around Vangvieng district in Vientiane province this year after already running a similar service in Vientiane, in response to popular demand. . More >>>

April 25, 2013
- Automotive parts factory to be established in Laos
The BMM Group Company Limited and ASAHI TEC Corporation have signed a joint venture agreement to establish an aluminium casting factory to produce automotive spare parts, with the deal concluded in Vientiane on April 23. More >>>
- Local manufacturer taps into dam investment pipeline
With hydropower being one of the most important industries in Laos, being able to produce the necessary components domestically is important, and Laos is now manufacturing its own large pipelines and aqueducts for dam projects. . More >>>
- Fertiliser price hike hits farmers
Farmers in many areas of Vientiane are no longer confident about growing vegetables due to the increasing cost of materials such as fertiliser, causing some to look for other ways to make money. . More >>>
- Lao Agro-Tech expands oil palm plantations
Lao Agro-Tech Co., Ltd. is expanding its oil palm plantations in Xanakham district, Vientiane province, after achieving satisfactory results from its existing operations.. More >>>

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