Economy

Laos Considers VAT Exemption to Subsidize Electricity for Low-Income Households

Laos’ National Assembly (NA) is considering a proposal to exempt subsidized residential electricity from Value-Added Tax (VAT) as the government looks for ways to ease living costs for low-income households. The Standing Committee raised the proposal during its monthly meeting on 6-7 August. According to the NA, the VAT exemption would...

Oudomxay Seeks More Railway Services to Boost Investment

Authorities in Oudomxay Province, northern Laos, have announced plans to expand railway services and...

Vientiane Halts New Microfinance, Pawnshop Licenses Amid Regulatory Review

On 31 July, the Bank of the Lao PDR (BoL) suspended applications for new...

Lao State Fuel Enterprise Posts 70 Percent Profit Surge in 2025, Eyes Stock Market Listing

The Lao state-owned Lao State Fuel Company (LSFC) reported a sharp rise in profits...

Naphao Customs Exceeds Annual Target on Mining Debt Repayments, Trade Growth

Naphao International Border Checkpoint in Khammouane Province collected more than LAK 669.5 billion (USD...

Transport Ministry Cancels New Lao Airlines Route to Houaphanh

The Ministry of Public Works and Transport has suspended the operations of a new Lao Airlines route to the Nongkhang Airport in Sam Neua,...

Asia, Pacific Unprepared to Face Climate-Induced Catastrophes, Warns New UN Study

Most countries in Asia and the Pacific are insufficiently prepared to face extreme weather events and natural disasters, which are growing in intensity and...

South Korea Employs Over 2,800 Lao Nationals as Part-time Workers

According to the Ministry of Labour and Social Welfare, more than 2,800 Lao nationals are currently working in South Korea on short-term contracts from...

New Protection Shelter for Domestic Violence Victims Opens in Attapeu

A new shelter for survivors of gender-based violence has opened in the province of Attapeu, with support from the governments of Japan, UNFPA, and...

Laos Sees Slight Dip in Inflation Rate in April

The country recorded an inflation rate of 39.89% in April, according to the report from the Lao Statistics Bureau (LSB). Laos' inflation rate decreased...

Lao President Meets With Cambodian PM to Strengthen Ties

The top leaders of Laos and Cambodia met on Thursday at the Peace Palace in Phnom Penh to further strengthen “already excellent” bilateral relations. President...