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Friday, July 4, 2025
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Business

Laos-China Railway Hits New Milestone as Cargo Value Soars Past USD 1.4 Billion

The Laos-China Railway has notched up another milestone in its rapid expansion, transporting more than 2.48 million tones of goods worth over CNY 10 billion (approximately USD 1.4 billion) between January and May this year, according to figures released by Chinese customs and reported by Xinhua. Both freight volume and value...

Laos Proposes Tax Relief for Small Businesses Under Revised Income Tax Law

On 24 June, Laos proposed amending the Income Tax Law to exempt unprofitable small...

Oil Prices Spike After United States Strikes on Iran Nuclear Sites

AFP - Oil prices surged in early trade Monday on concerns of disruption to...

Vietnam Parliament Approves Raising Alcohol Tax to 90 Percent by 203

On 14 June, Vietnam’s parliament passed legislation to increase the special consumption tax on...

Costa Group Becomes Sole Concession Owner of Laos Blueberry Operations

In a ceremony held on 13 June in the city of Pakse, leading global...

Toong: a Hub for Progressive Entrepreneurs in Vientiane

For daring businesses and audacious go-getters based in Vientiane, it is always a headache to look for a flexible and innovative workspace, given the...

Construction of New, Mega Cultural Park in Vientiane Commences

Construction of Lanxang Cultural Park kicked off on August 9 with a ground-breaking ceremony for the project. It is expected to take about nine years...

Could Edible Insects be The Next Big Industry for Laos?

Edible insects first sparked international attention in 2013 when the Food and Agriculture Organization (FAO) published a report referring to them as one way...

Japanese Electronic Vehicle Cable Manufacturer Bando Opens Factory in Laos

Japanese cable manufacturer Bando Densen has opened a factory in Laos, joining a group of competitors that are stepping up their presence in Southeast...

Illegal Currency Exchange Services Causing Price Hikes

A senior Lao government official has warned that unregistered currency exchange services that violate currency regulations must be punished. A number of foreign currency exchange...

Laos to Develop Localized Office Software with Korean Support

South Korean software developer Hancom has announced that it will support Laos to develop localized office software. Currently, Microsoft’s MS Word and MS Office, as...