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...

Ministry of Health Issues New Rules to Keep Medicine Prices Stable

The Ministry of Health has issued a new regulation to be put into action 45 days after being posted on the Lao Official Gazelle...

Lao Government Bonds Sell Out Like Hotcakes on First Day

Government bonds at commercial banks across Laos sold out in just a few hours after the government announced they would go on sale today. The...

Vietnam Town Project Kicks Off in Thailand’s Udon Thani

At 60,000 residents, Udon Thani has the largest overseas Vietnamese community in Thailand and even former President of Vietnam Ho Chi Minh once lived...

Sangthong District to Start Repairing Four Damaged Roads

Mr. Lum Kham Chanthapanya, head of the Public Works and Transportation office of Sangthong District, Vientiane Capital said that the department will be fixing...

Laos to Declare 2023-2024 as Year of Tourism

Laos will declare 2023-2024 as Lao Tourism Year and make elaborate plans to attract visitors as the country prepares to host the ASEAN Summit...

Lao Firm Signs MOU on Laos-Thailand-China Cross Border Rail Transport

The Lao National Railway State Enterprise (LNR) has authorized the Thai company, Kaocharoen Train Transport Co., Ltd to serve as its representative on a...