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...

Australia Supports Laos With Highly Skilled Volunteers

A new Memorandum of Subsidiary Arrangement (MSA) under a broader agreement between Australia and Laos on development cooperation was signed by Australian Ambassador to...

Samsung Launches its First Innovation Campus in Laos

Samsung launched its first Innovation Campus at the Faculty of Natural Sciences, National University of Laos. This is Samsung's global CSR program that is...

Pakse to Build Walking Streets, Night Markets to Attract Visitors

The city of Pakse will construct new walking streets and night markets in the town center by mid-2023 to attract more domestic and international...

Thailand Sets 14 May Election, Populist Party Tops Polls

BANGKOK (AP) — Thailand's general election will take place on 14 May, the country's election regulator said Tuesday, one day after the dissolution of...

Laos Marked as “Country of Concern” for Food Security

A joint report from the Food and Agriculture Organization (FAO) and World Food Program (WFP) shows that over a million people in Laos suffered...

Could Luang Prabang Be at Risk of Overtourism?

Brought to its knees during the Covid-19 pandemic, Luang Prabang is now facing the opposite problem as swarms of tourists descend upon the city,...