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Wednesday, July 9, 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...

Lao Government Lowers Prices for Essential Goods in Vientiane Capital

The Ministry of Industry and Commerce collaborated with local companies to start selling commonly used consumer goods at lower prices in Vientiane Capital to...

Laos Sees Launch of New Program to Boost Skills in Tourism, Agriculture and Forestry

The Government of Laos and Team Europe partners, Luxembourg, Switzerland, and the European Union, gathered today in Vientiane Capital to launch the “Skills for...

Lao Responsible Business Awards 2023 Celebrates Workforce Well-being

Angsana Maison Souvannaphoum and Animal Doctors International were two of the leading businesses to be recognized at the 2023 Lao Responsible Business Awards for...

China General Nuclear Signs Agreement for Renewable Energy Project in Laos

The Chinese state-owned energy corporation inked a deal with the Lao Government last week to build a renewable energy base in Laos. According to Reuters,...

Laos Records a Trade Deficit of USD 88 Million in August

Laos' imports and exports totaled over USD 980 million in August, with exports valued approximately at USD 446 million and imports at USD 534...

Luang Prabang Families Displaced by Laos-China Railway Project Get Relocated to New Village

The Laos-China Railway Company has relocated the residents of Buam-Or village, Xiengngeun district, Luang Prabang province, to a new village with access to recently-built...