Category Archives: Business

Laos Sees Drop in Foreign Direct Investment Inflow

Decrease in Chinese Foreign Direct Investment in Laos

Foreign direct investment (FDI) inflow to Laos decreased in 2018 amid a drop in new investment from China, a recent report has shown.

WhatsApp the Most Popular Mobile App in Laos

Whatsapp is most popular app in Laos

WhatsApp is the most popular mobile application in Laos, according to a report by the Korea Trade-Investment Promotion Agency (Kotra).

CP All Negotiates for 7-Eleven Stores in Laos

Will 7-Eleven come to Laos?

Will 7-Eleven come to Laos? The question has been up in the air for many years despite continued reports that it would make a foray into the country.

Huawei to Boost Presence in Laos amid US Sanctions

Huawei has unveiled its latest solutions in Laos such as 5G, smart cities, smart government, and Huawei Cloud in a move that would help the Chinese telecom giant overcome a United States-led sanction.

Laos Cracks Down on Illegal Foreign-owned Businesses

Chinese Workers and Businesses in Laos

Laos will crack down on foreign-owned businesses operating in the country without the proper permit.

Laos, Thailand Sign New Cross-border Road and Rail Deal

Thailand Laos Rail and Road Extension

Laos and Thailand have signed an agreement to extend road and rail connections between the two countries worth more than THB 3 billion (USD 98.2 million).

Laos Swine Flu Outbreak Sees Thailand, China Ban Pig Imports

China and Thailand Ban Pig Imports from Laos

China and Thailand have both ban pork and pig product imports from Laos following the country’s first outbreak of African swine fever.

Laos Improves Trade Regulations for Foreign Companies

Laos updates trade regulations

Foreign companies that export products to Laos will no longer require a domestic business license under new trade regulations issued by the Ministry of Commerce.

Mrs Khemmani Pholsena, Lao Minister of Industry and Commerce, issued a ministerial decision on June 6 ending the requirement for a domestic business license by foreign firms exporting products to Laos.

Under the new regulations, international companies wishing to export goods to Laos may simply submit a request for trading rights directly from the Import and Export Department.

To be granted trading rights, foreign firms will need to submit a request for certification at the Import and Export Department, Ministry of Industry and Commerce.  Eligibility will require foreign companies to be registered in countries that are members of the World Trade Organization, and provide evidence that they operate their businesses legally, and without having been investigated for financial crimes.

Certain documents will be required and will need to be verified by the Lao embassy in the countries where companies are registered, or by authorized representatives.

According to the ministry, the new Decision is part of a move to improve the business environment in Laos, and to assist Laos in moving up the ranks in the World Bank’s Ease of Doing Business Index, where the country is currently ranked 154.