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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...

Vientiane Province’s Checkpoint Upgraded to International Status

The Ban Vang Local Checkpoint has been officially upgraded to an international border checkpoint, connecting Laos's Vientiane Province to Thailand's Loei Province. This development...

New Building at Mahosot Hospital Opens, Marks Laos-China Cooperation Milestone

A ceremony to inaugurate the new building at Mahosot Hospital took place on 12 October, attended by Prime Minister Sonexay Siphandone of Laos and...

Capital Links Forum Highlights Opportunities, Barriers to Investment in Laos

On 11 October, Laos hosted the "Capital Links Forum" at the Souphattra Hotel in Vientiane, bringing together financial institutions, investors, policymakers, and fintech innovators....

Laos, Thailand Set Sights on USD 11 Billion Trade Goal by 2025

Laos and Thailand held an economic and trade cooperation talk during the 24th Economic Community Council Meeting on 7 October in Vientiane Capital, aiming...

Laos Launches Unified Foreign Exchange Market

On 6 October, the Bank of Laos (BOL) officially partnered with 11 commercial banks to launch the Lao Foreign Exchange Market Company Limited, an...

Laos and South Korea Deepen Agricultural Cooperation in Key Areas

Laos and South Korea have strengthened agricultural cooperation, focusing on modernizing Laos’s farming sector and boosting ties within ASEAN. On 30 October, South Korea’s Minister...