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PTT Oil and Retail Business (OR), the lifestyle and retail subsidiary of Thailand’s PTT Group, has announced a record-breaking financial performance for the first quarter of this year. This success is largely attributable to its leading brand Cafe Amazon,…
In the ever-evolving landscape of retail, companies are taking bold steps to expand their footprint in response to surging consumer demand. This trend highlights the dynamic nature of today’s retail environment, where adaptability and innovation are key.…
Malaysian bubble tea chain Tealive is expanding its presence in Asia with exclusive franchise arrangements entered into for India and Thailand. Tealive, which launched successfully in the UAE last year, has signed a master franchise agreement with Indian QSR…
The Ministry of Industry and Trade plans to increase electricity imports from China and Laos by 1.6 to five times from between now and 2030. Vietnam’s electricity demand is set to rise by 12-14% annually as the government targets an ambitious double-digit…
Durian production in Laos has come to fruition and the industry is seeking opportunities to export to China – the world’s largest consumer of the stinky fruit. Tao Jian, a 54-year-old Chinese entrepreneur and the owner of Jinguo, a company with 50,000 durian…
According to national utility Vietnam Electricity, seven Lao wind energy plants want to sell a total of 4,150 MW to Vietnam. It will be done in phases, with 682MW supplied before 2025 and the rest gradually after that. Vietnam will be keen on accepting the…
Emart, the South Korean hypermarket retailer, will expand into Laos this year through a master franchise deal with U-Dee, an investment entity owned by LVMC Holdings. The move follows the company’s announcement earlier this month that it would expand into…
Vietnam Electricity wants to import wind power from Laos as it seeks to combat a looming shortage in the northern region. Several wind power investors in Laos with a combined capacity of 4,149 megawatts want to sell electricity to Vietnam, the national…
The Ministry of Industry and Trade has proposed installing another power transmission line to Laos to increase supply. It would help ensure energy security for northern Vietnam, especially during the dry season, as no new major power plant is set to go on…
Vietnam Electricity (EVN) is seeking approval from the government to speed up the import of electricity from Laos since shortages are forecast in the northern region. It plans to import electricity equivalent to 225 MW from the Nam Mo and Houay Koauan…
In a press release, CP ALL Laos, a master franchisee of 7-Eleven International, which is a joint venture between 7-Eleven, Inc. and Seven-Eleven Japan, opened its first 7-Eleven store in Laos. The store is located in the capital city of Vientiane. “CP ALL…
In 2022, Laos had a total of 18,076 newly registered enterprises, with a total registered capital of about US$7.5 billion, an increase of 42.94% compared to 2021, statistics of the country’s Ministry of Industry and Trade revealed. The positive signals from…
The export of bananas, durians, and jackfruit from Vietnam to China and Laos surged in the year’s first four months. The export value of vegetables and fruits reached $1.39 billion, up 19.4% over the same period last year, according to the Ministry of…
The Lao Government has decided to raise the monthly minimum wage from LAK1.2 million (nearly US$70) to LAK1.3 million starting May 1 to ease workers’ difficulties amid soaring inflation and economic uncertainties. The decision was made at the Lao Government’s…
Military Commercial Joint Stock Bank Laos branch (MB Laos) released a new banking application for individual customers in Vientiane, Laos, on Monday. Several Laotian government officials and representatives of the State Bank of Laos and MB attended the app…
President Vo Van Thuong has asked the Vietnamese community in Laos to set its sights on long-term sustainable business growth even though weathering current short-term difficulties will be complicated. During Tuesday’s meeting with the Vietnamese community in…
