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...

Pardon Frees More Than 2,100 Myanmar Political Prisoners

BANGKOK (AP) — Myanmar’s ruling military council on Wednesday said it was releasing more than 2,100 political prisoners as a humanitarian gesture. Thousands more...

BeerLao Announces New Price Hikes Effective From May

Lao Brewery Company has issued a notice informing customers about an increase in prices for some of their products, starting this month. In a...

Australian Global Firm AgCo Tech Sets Foot In Luang Prabang With New Factory

Agcotech Global, a prominent producer of animal feed and nutrition solutions, held a grand opening ceremony on 27 April 2023, for their new Methane...

Laos to Raise Minimum Monthly Wage in May

Ahead of International Labor Day, the government has increased the country's minimum wage from LAK 1,200,000 to LAK 1,300,000, during the monthly cabinet meeting...

Bank of Laos to Take Legal Action Against Unauthorized Foreign Currency Trading

The Bank of Lao PDR (BOL) issued a notice on Monday to warn individuals and companies against unlawful foreign currency trade in the country...

United States and Industry Ministry Organize Workshop on World Intellectual Property Day

The U.S. Embassy in Vientiane and the Ministry of Industry and Commerce hosted a workshop on Tuesday to promote protections for creative professionals in...