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Friday, June 20, 2025
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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 beer and strong alcoholic beverages to 90 percent by 2031, rising from the existing 65 percent rate.  Under the new law, tax rates on  liquor with more than 20 percent alcohol content and all beers will...

Lao Government Enforces Ban on Unregistered, Unlabeled Imported Food Starting 1 July

Starting 1 July, Laos will prohibit the import and sale of unregistered food products...

Laos Pauses Importer-Exporter System for Necessary Upgrades

The Ministry of Industry and Commerce has announced the temporary closure and upgrade of...

Laos, Vietnam Inaugurated Wharf No.3 to Boost Trade

On 28 April, Wharf No. 3 at the Lao-Viet International Port was officially inaugurated...

Lao Government Grants Tax Exemption Up to 30 years for Amata Investment Zone

On 20 March, members of the National Assembly (NA) approved a special incentive package...

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...

Indonesia’s Largest Bank Mandiri Eyes Lao Market

Indonesia’s state-owned Mandiri Bank has announced its intention to enter Laos and Cambodia. Rohan Nafas, Mandiri Bank corporate secretary, said the bank is now studying...

Alipay Payment Platform Set to Enter Laos

Chinese mobile payment platform Alipay is set to make a foray into Laos after Lao Development Bank (LDB) entered into an agreement with KIWI...

BCEL, UnionPay to Launch QR Code Payment Service in Laos

Banque pour le Commerce Exterieur Lao Public (BCEL) has joined hands with Chinese payment service provider UnionPay International (UPI) to roll out new QR...

Laos to Tighten Regulations on Gas Stations

Laos will tighten regulations on the location of fuel depots and gas stations in residential areas to ensure the safety of residents. According to a...