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Officials say Visit Laos-China Year 2019 Likely to Happen

With Visit Laos Year 2018 officially launched, talks of possibly introducing a Visit Laos-China Year 2019 have arose.

A minister has confirmed that Lao officials have discussed with their Chinese counterparts to push forward a plan to jointly introduce Visit Laos-China Year 2019.

The Minister of Information, Culture and Tourism,

Laos Eliminates Minimum Registered Capital Requirement for Foreign Investment

Last week, the Ministry of Industry and Commerce issued a notification, No.2633/cabinet/MOIC to all Industry and Commerce offices in Vientiane Municipality, provinces and districts to strictly implement the dissolution of the minimum registered capital requirement for foreign investment in the activities under the General Business list such as; manufacturing factory,

Analysts Concerned with Laos’ Rising Debt

For the first time in twenty years, analysts have drawn their concerns back to potentially unsustainable debt that has been accruing in the region. Largely untouched by the ’97 collapse, experts fear that Laos could get pulled into a new era of financial turmoil.

According to a recent International Monetary

Thai Firm to Run Bokeo Mekong River Port

In an effort to manage regional traffic the upcoming year, Laos has put forth a plan to launch a new port checkpoint located in the Mekong River, with a Thai firm winning the contract to develop and operate the port for 40 years.

The Ban Mom port is located in …

Foxpress Service Delivers 2017 Road Tax Stickers to Your Door

Road Tax 2017 Stickers Delivered By Foxpress Service

Thanks to a local delivery company named Foxpress, obtaining 2017’s road tax stickers has just gotten easier. For a small fee of only 15,000 KIP, Foxpress will collect up to three of your registered road tax stickers from a BCEL bank branch, and deliver it right to your doorstep.

Govt Acquires Beeline for 22 Million USD

Government of Laos Buys Beeline

In a USD $22 million deal purchased from a Russian investor last week, the government has acquired full ownership  of the telecom operator VimpelCom Lao Co., Ltd. also known as Beeline.

Deputy Minister of Finance, Mr Sila Viengkeo, a government representative, signed the deal with VimpelCom Lao Co., Ltd.

Lao Government Buys Beeline

Government of Laos Buys Beeline

VimpelCom Lao Co., trading as Beeline, has officially entered an agreement to sell its 78% stake to the Government of Laos for gross proceeds of USD 22 million, making the Lao government the sole owner of the telecommunications company.

A source has confirmed that the sale of Beeline will be …

First Holiday Inn to Enter Laos 2019

With construction slated to be completed by 2019, the first Holiday Inn will be opening up its doors in Laos for the very first time.  

InterContinental Hotels Group (IHG) and BIM Group’s Crowne Plaza Vientiane signed a contract on October 19th solidifying the deal on the internationally recognized American hotel