29.8 C
Vientiane
Monday, July 7, 2025
spot_img

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...

Thailand to Launch Electronic Travel Authorization System in 2025, Laos Exempt

Thailand plans to launch an Electronic Travel Authorization (ETA) system for visa-free travelers from 93 countries, but travelers from Laos, Malaysia, and Cambodia will...

Lao Bullion Bank Soft Opens in Vientiane

On 27 September, Lao Bullion Bank hosted its much-anticipated Soft Opening Ceremony at its headquarters in Phonsay village, Xaysettha district, Vientiane Capital. The event...

StarExpress Tourist Train Launches, Connecting Kunming to Laos

On 24 September, the StarExpress, a new cross-border tourist train, launched its inaugural journey from Kunming, China, to Luang Prabang and Vientiane, Laos.  This new...

Laos Faces Eighth Consecutive Month of Trade Deficit

Laos recorded a trade deficit of USD 129 million in August, marking the eighth straight month of trade deficits in 2024, according to data...

Salavan, Ubon Ratchathani Provinces Agree on Cross-Border Water Transport Deal

Laos’ Salavan Province and Thailand’s Ubon Ratchathani Province have agreed to enhance cooperation on water transport, aiming to improve regional connectivity through key international...

Lao Producers Gear Up for Duty-Free Exports to UK Under New Trade Scheme

Lao food and drink producers are preparing to export their products tariff-free to the United Kingdom (UK) under the UK’s Developing Countries Trading Scheme...