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Gift Basket Sales Drop This Year

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Many retailers in Vientiane have seen a decline in sales of gift baskets during the year-end shopping season.

Gift baskets are top selling items among company staff and government officials who buy them to give to their customers and people held in esteem in the run up to New Year.…

Laos Gets $850,000 Containerized Data Center

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Laos’ first state-run data center opened recently, funded by a Japanese program supporting environmentally sound technology.

The facility marks “a big step” toward improving the nation’s IT environment, Science and Technology Minister Boviengkham Vongdara said at a ceremony held on Nov. 29 in Vientiane, the capital.

Laos’ information technology infrastructure …

Fewer Businesses Opening in Laos

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The number of entrepreneurs opening businesses in Laos declined by 13 percent over the past 10 months of this fiscal year compared to the same period last year.

According to a recent government report, the number of registered businesses reached 1,666 units from October 2016 to May 2016 with registered …

BCEL-KT: Trade Summary (Dec 26, 2016)

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Trade summary

Lao stock market edged higher on Monday, as BCEL got good start before preparing for long holiday to increase by 450 kip finished at 5,500 kip, amid lake of offering order. EDL-Gen closed unchanged at 5,000 kip, with 33,400 shares traded, generating just 167 million kip of …

Indochina Bank Sees Customer Increase

Indochina Bank Customer Increase

The number of VIP customers holding accounts at the Indochina Bank has seen a rapid increase this year. A bank executive revealed the figure at the annual VIP Appreciation Dinner last week, saying that from about 100 VIP customers in 2009, the number has now soared to more than 1,200 …

First Modeling Lao’s Varissara Tangsouvanh Wins First International Award

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Representing the nation of Laos in Shanghai last week at the Miss Tourism Queen of the Year International 2016 Contest, Varissara “May” Tangsouvanh put her country on the international spotlight by taking home the highly coveted Miss Friendship Title.

First Model Lao’s First International Award

Although she did not …

BCEL-KT: Trade Summary (Dec 23, 2016)

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Trade summary

Lao stock market sew lower on the final trading day of the week, after banking stock hitting 5,500 kip on mid morning, then turn down to close at 5,050 on the final trading session, but also higher by 50 kip compare from previous day. The trading volume was …

BCEL-KT: Trade Summary (Dec 22, 2016)

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Trade summary

Lao stock market mixed on Thursday, as energy stock jumped by 50 kip to close at 5,000 kip, posting trading volume of 19,000 shares. Unfortunately banking stock opened slightly lower by 50 kip to close at 5,000 kip posted of 2,200 shares matched.

Today, the index slightly …