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15/04/2024 Tim Cook arrives in Vietnam ( Electronics )
15/04/2024 Vietravel Airlines reports first profits in 3 years ( General )

Retail Asia25/10/2019

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Even weaker economies with less developed industries can threaten Vietnam’s auto industry due to its low localization rate, the Trade Ministry said. While the domestic auto industry is already facing fierce competition from car imports, mostly from Thailand and Indonesia, other ASEAN economies are emerging threats, the Ministry of Industry and Trade said in a […]

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Retail Asia05/04/2019

Vietnamese military-owned operator Viettel has announced that its subsidiary in Laos Unitel has become the first mobile operator in the market to launch eSIM technology. The Unitel eSIM service was introduced at the beginning of March, and Unitel is aiming to encourage at least 10,000 customers to exchange their physical SIMs for eSIMs by the […]

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Retail Asia29/03/2019

Vietnamese consumers are embracing digital payments as a faster and more convenient way to pay, with consumers using their credit and debit cards more often for in store and online purchases, according to figures released by Visa, the world’s leader in digital payments. The figures, which show year-on-year growth in consumer use of Visa products […]

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Retail Asia31/01/2019

Axiata Group Bhd’s 63%-owned subsidiary edotco Investments (Labuan) Ltd (edotco Labuan) is acquiring an 80% stake in Laos’s Mekong Tower Company Ltd (MTCL) for LAK12.8 billion (RM6.08 million) cash. Axiata said in a filing with the stock exchange that edotco Labuan had entered into a share subscription agreement (SSA) with Viphet Sihachakr (VS) and MTCL […]

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Retail Asia08/08/2018

Lotte said on Tuesday it has donated $100,000 to relief and reconstruction efforts following the Laos dam disaster in Attapeu. Oh Sung-yup, head of communications at Lotte Corporation, delivered the fund to Community Chest of Korea, a non-profit charity organization based in central Seoul, on Tuesday. The fund will be used to supply necessities to […]

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Retail Asia02/04/2018

Mobile payments platform Alipay is expanding its cross-border footprint with new outposts Cambodia, Myanmar, Laos and the Philippines. The deployment is aimed at connecting merchants with an estimated 520 million active users in China through its Alipay’s in-app marketing platform while they are traveling overseas. The company says Alipay is now accepted in Phnom Penh, Siem Reap […]

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Retail Asia02/06/2017

It’s a rarity in Milwaukee, where Laotian fare like larb, green papaya salad sai oua (Lao sausage) often take a backseat to popular Thai dishes at area restaurants. But, that’s something Alex Hanesakda is trying to change.A first generation Lao American, Hanesakda was just three years old when he arrived in the U.S. It was […]

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Retail Asia14/02/2017

Viet Nam will have some 116 warehouses at the border gates with Laos and Cambodia by 2035, according to the Ministry of Industry and Trade. Under Decision 229/QD-BCT issued on January 23, the ministry said it would develop professional and modern warehouses with enough logistics services to keep import and export goods at these border […]

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Retail Asia13/02/2017

The farm is located in Naxineua village, Naxaithong district. It keeps a variety of animals, including goats, pigs, ducks, chicken, and fish, but its mainstay is ists herd of dairy cows. Farm Director Sengmany Yathotou told last week that they began in 2014 with 16 cows which they kept for the family’s use and tended […]

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Retail Asia01/02/2017

Attopeu airport, located in the south of Laos near the borders of Vietnam and Cambodia, has ceased commercial operations. Lao Airlines (QV, Vientiane) had been running a scheduled service to the small aerodrome 2x weekly from Vientiane via Pakse since April 2016 using an ATR 72-600, but the service appears to have been suspended. According […]

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Retail Asia01/02/2017

Lao PDR’s Department of Civil Aviation says its priority is to encourage more international airlines to serve the capital Vientiane. In an interview the department claimed there were more direct flights to Laos, many of them charter flights during the peak tourist season November to April. Flights from China are on the increase. Previously, only […]

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Retail Asia30/01/2017

International Commercial Bank Lao Limited provides banking and related financial services in the Lao People’s Democratic Republic. It offers various deposit products, including current, savings, education fund savings, and senior citizen savings accounts; and fixed deposits, fixed deposits with advanced interest, demand deposits, and term deposits. The company also provides loans, such as vehicle/auto express […]

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Retail Asia17/01/2017

The government of Laos has teamed up with Microsoft to advance the adoption of emerging technologies for sustainable economic development, with focus on projects with social impact. At a Government Solution Day event held in collaboration with the Laos Ministry of Post and Telecommunications (MPT) and attended by key government officials and partners, Microsoft showcased […]

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Retail Asia11/01/2017

The company expects to lose $1 million a month but hopes to boost connections in Indochina. Vietnam’s biggest telecom firm Viettel has announced it will abolish roaming charges between Vietnam and neighboring Cambodia and Laos, where it has also developed strong networks. Nguyen Manh Hung, general director of the company, said that starting from next […]

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Retail Asia10/01/2017

The divestment was consistent with the bank’s strategy of simplifying its business and narrowing the focus of its Asian operations on institutional business, analyst David Ellis said in a research note released yesterday. The sale followed those of five Asian retail and wealth businesses in Singapore, Hong Kong, China, Taiwan and Indonesia at the end […]

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Retail Asia03/01/2017

Sompo Insurance (Thailand) is embracing innovation and digital channels as key strategies to build brand awareness among individual Thais, who are a new customer base for the Japan-based firm, which aims to be in the top 10 in Thailand’s |insurance market by 2020. Sompo Insurance eyes retail customers Sompo Insurance, formerly known as Sompo Japan […]

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Retail Asia29/12/2016

Vietnam’s state-owned telecom Viettel will eliminate overseas roaming charges between its operators in Vietnam, Laos, and Cambodia from January 2017. “Users of Metfone in Cambodia, Unitel in Laos and Viettel in Vietnam will be charged at the local mobile fee when they make cross-border calls to each other,” said Nguyen Manh Hung, Viettel’s managing director, […]

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Retail Asia29/12/2016

Cambodia will soon open both its roads and ports for Laos to use in exporting goods abroad, according to an announcement posted on Prime Minister Hun Sen’s Facebook page on Sunday. The announcement followed a meeting between Mr. Hun Sen and Laotian President Pany Yathotou in Phnom Penh on Saturday, during which the two discussed […]

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Retail Asia06/12/2016

Set to open in 2021, the new-build InterContinental Vientiane will become the company’s second hotel in Southeast Asian country, following the existing Crowne Plaza Vientiane. It will also become one of the Lao capital’s largest hotels, with more than 400 rooms. Built by Lao International Development, the hotel will form part of the new World […]

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Retail Asia06/12/2016

Thailand’s Kasikornbank said on Tuesday (29/11) it plans to open a second branch in Laos and upgrade the status of its local bank in China in 2017 as part of a regional expansion. With assets of $68 billion, Thailand’s fourth-largest lender by assets is looking to open branches in Vietnam, Indonesia and Myanmar by 2018, […]

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