Export promotion, important to resolving economic problems

14/06/2024 12:09
Email Print 5814
KPL (KPL) Export promotion plays an important role in addressing the country's economic difficulties as it can resolve many problems at the same time including problems with trade balance, currency balances, inflation, exchange rates, foreign reserves and debts.

(KPL) Export promotion plays an important role in addressing the country's economic difficulties as it can resolve many problems at the same time including problems with trade balance, currency balances, inflation, exchange rates, foreign reserves and debts.

Mr Malythong Kommasit, Minister of Industry and Commerce answered the questions raised by members of the National Assembly at the ongoing 7th Ordinary Session of the national legislative body in Vientiane on Jun 13.

He said that the export promotion is possible when there are products that are in sufficient quantity, of good quality, with reasonable prices and needed by the market.

In order to ensure the production in the country meets export demand in terms of quantity and quality, the Ministry of Industry and Commerce has focused on promoting the production of products that are potential in localities so that they can be competitive with those imported from neighboring countries.

We are working with all sectors and local government agencies to develop a database of products that can be sourced according to their quantity, quality and prices and we are negotiating the opening of markets for the products that are potential in our country, negotiating the solutions with respect to two areas: tax and technical aspects, improving procedures and related legislations to ensure they are up-to-date and facilitate trade, exports, and remove unnecessary procedures.

KPL

ຂ່າວອື່ນໆ

    • Society Promotes the Use of KipEconomics

      Society Promotes the Use of Kip

      7/25/2024 9:31:52 PM

      (KPL) The Bank of the Lao PDR (BOL) has welcomed the growing public awareness of the importance of using the Lao kip for domestic transactions. Merchants are encouraged to use the kip widely, a practice which is commendable and has been positively received by society.

    • Laos, Thailand launch passenger train servicesEconomics

      Laos, Thailand launch passenger train services

      7/20/2024 6:18:41 PM

      (KPL) Today witnessed the opening of the passenger train services between Vientiane of Laos and Bangkok of Thailand. The launching ceremony was attended by Deputy Minister of Public Works and Transport of Laos, Mr. Saysomkham Manotham, and Deputy Minister of Transport of Thailand, Mr. Surapong Piyachote, along with representatives from both countries.

    • Vietjet reaches agreement to enhance Vietnam-Laos air transport connectivityEconomics

      Vietjet reaches agreement to enhance Vietnam-Laos air transport connectivity

      7/12/2024 8:46:06 AM

      (KPL/VNA) Vietnamese airline Vietjet and the Ministry of Public Works and Transport of Laos on July 11 announced an agreement to boost air transport connectivity between Vietnam and Laos.

    • Lao Government strives to control inflationEconomics

      Lao Government strives to control inflation

      7/9/2024 12:10:30 PM

      (KPL/VNA) The Prime Minister of Laos has issued a decision on the establishment of a special committee tasked with studying and addressing rising goods prices and inflation.

    • Finance ministry urged to pay attention to modernizing technical revenue collection Economics

      Finance ministry urged to pay attention to modernizing technical revenue collection

      6/13/2024 3:39:06 PM

      KPL) Mr. Sanya Praseuth, member of the National Assembly for Savannakhet Province, has called on the Ministry of Finance to attach attention to modernizing the collection of revenues from technical services by making it bank-based.


Top