Congratulations to Chintala Xayyaveth!

Arion Legal is pleased to congratulate our Legal Advisor, Chintala (Mam), on her milestone graduation! Mam  completed her studies late last year in the Certificate of Judge, Prosecutor and Lawyer program. Mam will be admitted to the Lao Bar Association in due course. We are very proud of Mam, who undertook a substantial 32 courses as well as practical work at both the civil and criminal courts in 2016 to obtain the qualification. Arion Legal has maintained its position as a highly regarded firm offering international quality services in Lao PDR for almost a decade. With a passionate, driven and highly capable team, 2017 marks the start of new and exciting opportunities for the firm as we expand our presence in the...

PM Reveals Measures to Bolster Economic Growth

PM Thongloun Sisoulith told the NA that the government will employ a number of measures to spur economic growth amid the current economic and financial constraints. The government pledged to ensure a stable and steady macro economy through the harmonised implementation of financial and currency policies and measures to ensure annual economic growth of at least 7 percent. The PM committed to closely follow up the implementation of tax and customs policies and regulations as well as amending them appropriately in order to promote investment and business operations.

Govt Seeks to Increase Bank Deposits to 84 Percent of GDP

The government has announced its intention to increase deposits in commercial banks to 84 percent of Gross Domestic Product (GDP) by 2020, up from the 57 percent expected in 2016, in a bid to meet growing development needs. Additionally, every effort will be exerted to increase the total credit in commercial banks to 74 percent of GDP by the end of 2020, an increase on the 50 percent expected by the end of 2016.

CLMV leaders push border trade in local currencies

Business leaders in Thailand and the CLMV countries are urging their governments to use local currencies for trading along borders instead of the US dollar to facilitate business and cut costs. Businesses from Thailand, Cambodia, Laos, Vietnam and Myanmar will propose the plan to their governments today at the seventh Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (Acmecs) summit in Vietnam.

PM Announces Continued Suspension of Mining Concessions

Prime Minister Thongloun Sisoulith said yesterday the government will maintain the moratorium on new mining concessions because it needs more time to inspect a number of operations. The prime minister was speaking at a three-day conference taking place at the National Convention Centre for mining sector officials from around the country and private investors in the industry.

Appointment of New Country Manager for Lao PDR

Arion Legal is pleased to announce the appointment of Steve Goddard as new Country Manager effective from 17 October 2016. Steve replaces Kate Baillie who is relocating to Myanmar next year but will be consulting to the firm until the end of November.