Business-state collaboration seen as key to strengthening Lao enterprises

Stronger collaboration between financial institutions, the government and the private sector is increasingly viewed as critical to sustaining business growth and improving competitiveness in Laos, particularly as enterprises seek to position themselves more firmly within the ASEAN economic landscape.

Executive Vice President of Tang Chareon Groups Co., Ltd., Mr Sakxay Sengaloun.

This issue was highlighted during a business forum held to mark the fourth anniversary of the strategic partnership of the Lao Development Bank Co., Ltd. (LDB), which brought together senior executives from leading national companies to share views on shared challenges and long-term development priorities.
Executive Vice President of Tang Chareon Groups Co., Ltd., Mr Sakxay Sengaloun, was among the participants, joining presidents and senior executives from companies including the Inthira Group, Anoushith Logistics and Phetsavang Coffee.
Despite the differences in scale and sector, discussions reflected common concerns over responsibility, long-term planning, and the determination required to build resilient and sustainable businesses.
The forum served as a platform for substantive exchanges both on stage and through informal discussions, underscoring the value of dialogue among key players in the business community.
The session was moderated by the CEO and Editor-in-Chief of The Standard, Mr Ken Nakarin, who guided the discussion towards issues relevant to the broader economic and business environment.
Held alongside the launch of a new application by LDB, the event went beyond a conventional product introduction.
Senior management of the bank used the occasion to foster meaningful dialogue and create broader value for customers and stakeholders, reflecting their intention to align the discussion with international standards of business engagement.
Mr Sakxay shared his perspectives on the need for continued cooperation between financial institutions and the government to support both small and large enterprises.
He pointed to measures such as interest rate reductions as potential tools to encourage business growth, based on confidence in the capacity of Lao entrepreneurs to strengthen their presence within regional markets.
The discussion concluded with a shared understanding that commercial success should not be measured solely by financial performance, but also by the contribution that businesses make to wider economic and social development.

By Advertorial Desk
(Latest Update December 29, 2025)