Lao rubber producers are concerned with what they see as the unsustainably low price of rubber as they experience the brunt of low prices on global markets.
Well known for outlets in various Vientiane locations for its fish flavoured noodle soup (khaopiekloukxinpa) or rice noodle soup with fish meatballs, the SaepEeli noodle brand is aiming to enhance its taste and flavour for the international market, its founder says.
Distributors of organic herbal products are rushing to have the government guarantee them One District One Product (ODOP) certification in hopes of taking advantage of opportunities overseas.
Viet Nam’s PetroVietnam Oil Corporation (PV OIL) is running profitably in Laos, with average revenues of over US$100 million and a contribution of over $20 million to the host country’s budget a year.
Vietnam may itself be a major rice producer in the 10-member Asean group but the country also has a taste for the Lao grain.
Sangthong district in Vientiane will increase its organic rice cultivation to reach its export goal of 1,800 tonnes this year, according to a local agriculture official.
Isuzu is eyeing a 30 percent market share of pick-up automobile sales in Laos in the next five years despite serious competition in this segment of vehicles.