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Sunday, June 29, 2025
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Economy

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 businesses from taxes, aiming to ease their burden and improve tax efficiency, Finance Minister Santiphab Phomvihane said. Under the new system, micro-enterprises would be allowed to deduct operational expenses before calculating their tax obligations, shifting away...

Water Shortages Persist in Laos Amid Rising Demand and Weather Challenges

The Water Supply Enterprise of Champasack issued a statement on 23 June addressing the...

Laos, South Korea Launch Medical University Project in Vientiane

Laos is establishing the first infrastructure for the University of Health Sciences (UHS) in...

Laos Clarifies LAK 3,000 Telecom Fee After Viral Video Sparks Public Doubt

A government official has clarified the purpose of the LAK 3,000 (USD 0.14) monthly...

Oil Prices Spike After United States Strikes on Iran Nuclear Sites

AFP - Oil prices surged in early trade Monday on concerns of disruption to...

Laos Expands Vocational Training to Curb Labor Shortage

The Lao government will introduce new vocational education programs in the 2024–2025 academic year as part of efforts to modernize education and address labor...

Laos, Vietnam Inaugurated Wharf No.3 to Boost Trade

On 28 April, Wharf No. 3 at the Lao-Viet International Port was officially inaugurated in the Vung Ang Economic Zone, Ky Anh township, Ha...

Vietnam to Establish English as Second Language by 2035

Vietnam is set to establish English as the second language for all general education students by 2035, with full implementation continuing through 2045.  This plan,...

East Asia Pacific Growth Slows in 2025, World Bank Says

East Asia and Pacific has led in economic growth, but to sustain momentum and create jobs, countries must address global uncertainties. Key challenges include...

Thailand-Cambodia Crime Pact Shouldn’t Undermine Human Rights, Says Right Group

Thailand and Cambodia’s new agreement to combat transnational crime must not come at the expense of human rights, Human Rights Watch (HRW) said on...

Lao, China Bilateral Trade Increases to USD 8.23 Billion in 2024, Marking Significant Growth

In 2024, Laos and China achieved a significant milestone in trade, with a total value of USD 8.23 billion, marking a 15.91 percent increase...