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Monday, July 7, 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...

Laos, Vietnam to Introduce Kip-Dong Cross-Border Payment System

Laos and Vietnam are set to Launch a new payment system enabling direct trade transactions in kip and dong currencies. Starting in September, the...

First Cold-Chain Train Connects Yunnan with Vientiane

China has introduced its first refrigerated freight train service from Yunnan Province to Laos via the Lao-China Railway, marking a significant step in enhancing...

Laos Faces USD 154 Million Trade Deficit in July, Seventh Consecutive Month of Imbalance

Laos recorded a USD 154 million trade deficit in July, marking its seventh consecutive month of trade imbalances. According to the Trade Information Center...

New Phase Boosts Laos-China Clean Energy Project

To advance regional clean energy collaboration, Laos and CGI Energy Technology Co., Ltd. have signed an agreement to launch Phase II of the Northern...

First Lao Nationals Certified as Train Drivers by Lao-China Railway

On 5 August, the Lao-China Railway awarded driver certificates to 14 Lao nationals who successfully completed a self-driven test. This certification ceremony marks the...

Laos Unveils Electronic Certificate of Origin Issuing System to Boost Trade

The Ministry of Industry and Commerce (MOIC) of Laos, with support from the United States Agency for International Development (USAID), has launched an enhanced...