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...

Thai Energy Firm Makes Highest Profits Due to Hydropower Projects in Laos

The power generation arm of Ch Karnchang Plc, Thailand's second-largest construction company, CK Power Plc (CKP), witnessed a profit growth of 11.8% to a...

ASEAN To Host First Regional Shopping Festival

ASEAN will host an online shopping event this August to promote e-commerce trade among its member states. Indonesia, which holds the rotating chair of the...

MRC Promotes Responsible Water Resources Management & Development

The Mekong River Commission released two flagship documents on Tuesday, aiming to maximize the potential benefits of hydropower and other water-related development projects while...

Bank Of Laos Issues New Regulation On Currency Exchange Rates

The Bank of the Lao PDR (BOL) has issued a decision on foreign exchange rate setting to guide commercial banks in foreign currency trading...

Laos Doubles Down on Achieving Nutrition Goals for 2023

The Eighth National Nutrition Forum and Annual National Nutrition Committee Meeting 2022 assessed its progress in tackling malnutrition in Laos and nutrition priorities for...

Laos Touted as Cheapest Country to Visit in 2023 by American Publisher

Kiplinger, a Washington, D.C.-based publisher of business forecasts and personal finance advice, ranked Laos first in a list of 10 cheapest countries to visit...