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Laos launches production fund to support 3,357 local businesses, aiming to boost economic stability.
Laos' Ministry of Industry and Commerce is pushing a production fund to boost local businesses and economic stability, aiming to make local goods competitive.
The meeting, led by Deputy Prime Minister Saleumxay Kommasith, highlighted that 3,357 small and medium enterprises have received support, but more funding is needed.
Challenges in accessing bank loans due to lack of collateral, high interest rates, and past debts are being addressed by designating the ministry as the central coordinator to better manage the fund.
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Laos pone en marcha un fondo de producción para apoyar a 3.357 empresas locales, con el objetivo de impulsar la estabilidad económica.