South Korean Firms Keen to Stay in Vietnam Despite Rising Costs: Survey
Business

South Korean Firms Keen to Stay in Vietnam Despite Rising Costs: Survey

A survey reveals 92% of South Korean companies in Vietnam intend to maintain their operations despite rising labor costs and regulatory burdens, citing cost advantages. The direct impact on Laos's economy is seen as limited.

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  • Lao Bullion Bank Joins Japan Bullion Market Association, Boosting Precious Metals Sector

    Lao Bullion Bank (LBB) has joined the Japan Bullion Market Association (JBMA) as part of its strategy to enhance the international connectivity of Laos' precious metals market. This membership aims to broaden LBB's access to market information and explore new business opportunities, particularly in high-purity gold.

  • Rare Earth Ponds Burst in Houaphanh, Villages Halt River Use Pending Inspections

    Two rare earth mining ponds in Houaphanh province, Laos, burst on November 1st, releasing chemical wastewater into the Nam Vaen River. Local villages have been instructed to halt river water usage pending inspections, as authorities investigate the cause and extent of the pollution. Similar environmental concerns have been raised previously.

  • Public Bank Lao Ltd. Celebrates 30 Years with Customer Appreciation Event

    Public Bank Lao Ltd. celebrated its 30th anniversary with a grand lucky draw and customer appreciation dinner. The event highlighted the bank's 31-year presence in Laos and expressed gratitude to its customers, with a Nissan Terra awarded as the grand prize.

  • Laos Reviews Xekong Thermal Power Project Operations, Aims to Resolve Challenges and Enhance Cooperation

    The Lao government reviewed the operational performance of the Xekong Thermal Power Project, aiming to resolve challenges and strengthen cooperation among stakeholders. Relevant ministries, provinces, and the project company participated, sharing current issues and discussing improvement measures based on the concession agreement. This initiative is part of Laos' efforts to enhance operational transparency and efficiency as it progresses with energy infrastructure development.