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Laos Government Approves Minimum Wage Increase

Laos Minimum Wage Increase Approved

The government of Laos has officially approved an increase to the nation’s minimum wage, from 900,000 kip to 1.1 million kip per month, according to a statement from the Prime Minister’s Office.

The increase will take effect from 1 May to coincide with International Labor Day.

According to Director General …

ADB: GDP Growth to Reach 6.8% in 2018 and Increase to 7.0% in 2019

Laos’ economic growth is likely to be sustained this year and accelerate in 2019, while inflation will edge up, says a new Asian Development Bank (ADB) report dated Apr 11th, 2018.

In ADB’s flagship annual economic publication, Asian Development Outlook (AOD) 2018, the bank forecasts GDP growth for Laos to reach …

Public Hotline to Report Abuses at the Market: 1625

Officials from the Vientiane Department of Industry and Commerce performed a random inspection at multiple markets such as Kuadin Market, Aussie Market, Phonthong Market and others to ensure that vendors were obeying the ministerial order to not hike up prices during the Pi Mai holiday.…

Theun-Hinboun: 500% Return On Investment For Lao Government

The Theun-Hinboun Power Company (THPC) organized an event to celebrate its 20th Anniversary of operations  in Vientiane last Saturday. It had been exactly twenty years since the plant had commenced commercial operations on the 31st of March, 1998.…

Laos is 110th Happiest Country in the World

According to the recently published World Happiness Report, Laos ranks 110th out of 156 countries in happiness.

Finland takes the crown as the happiest country on the planet, with all the Nordic countries ranking among the 10 happiest nations in the world. On the flip side, Burundi is the unhappiest …

Made In Laos Exhibition 2018 Showcases the Best of Laos

The Made in Laos Exhibition 2018 provides an opportunity for businesses in Laos to promote their products and services to both local and foreign exhibition goers. Organized by the Lao National Chamber of Commerce and Industry (LNCCI), Made in Laos 2018 is currently being held at Lao-ITECC in the capital city of Vientiane from March 14 to 18.…

IMF Executive Board: Lao Economy Continues to Perform Well

The Executive Board of the International Monetary Fund (IMF) recently gave a favorable analysis of the Lao economy:

Lao P.D.R.’s economy continues to perform well, supported by a favorable external environment and strong flows of foreign direct investment from its dynamic neighbors. Growth in 2017 was supported by the expansion of electricity exports,

Laos Banana Exports No Longer Pick of the Bunch

Laos banana exports uncertain

China has slapped inspection measures upon banana exports from Laos, hindering what was a booming trade.

While Laos is still the second largest exporter of bananas to China, a protocol has been signed between Laos and China determining inspection and quarantine measures for bananas exported by Laos. Now, only bananas …