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...

IMF Projects Lao Economy to Grow by 4 percent in 2023

The International Monetary Fund (IMF) predicted that Laos’ economy will grow by 4 percent this year and in 2024, thanks to China reopening its...

Sokxay Group, Dao Coffee Collaborate to Launch New Coffee Brand

The wide-ranging business operation that has branches and cooperation across the country, Sokxay Group, has joined hands with Dao Coffee to increase the coffee...

Southern Bus Station Equipped For Influx of Travelers, says Station Manager

The Southern Bus Station is ready to accommodate an increase in travelers during the Lao New Year holiday from 14-16 April. Souksavath Sisouk, the station...

USD 1 million Gift to Laos Announced by Vietnam’s President

Vietnam’s President, Vo Van Thuong, traveled to Laos on Monday for his first official foreign visit, where he presented the President and Party Secretary...

Release of Japan-US-Mekong Power Partnership Action Plan

On Thursday, at the Friends of the Mekong Senior Officials Meeting in Vientiane, Laos, the United States, and Japan, together with Cambodia, Laos, Thailand,...

Laos-China Railway Releases Vientiane-Kunming Train Schedule

The Laos-China Railway company has released the train schedule for inter-country travel between Vientiane Capital and Kunming, which starts on 13 April, just one...