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...

Laos, Cambodia Discuss Feasibility Study for Electricity Transmission to Singapore

Laos and Cambodia discussed undertaking a feasibility study on electricity transmission from Laos through Cambodia to Singapore during Cambodian PM Hun Sen's visit to...

ASEAN Integrated River Management Project Launched in Manila

A five-year regional project on Reducing Pollution and Preserving Environmental Flows in East Asian Seas Through the Implementation of Integrated River Basin Management (IRBM)...

Ice Association Announces Price Rise in Vientiane Capital

As rampant inflation continues to increase the cost of living in Laos, the Vientiane Ice Association has announced an increase in the price of...

Construction Begins on Giant Khaen Hotel in Southern Laos

The Sithandon Special Economic Zone has begun construction of a hotel complex shaped like a giant khaen in Champasack's Khong District at the four...

Starbucks Amplifies its Expansion Efforts in Asia-Pacific Region

Intending to leverage from Asia’s reopening after the Covid-19 pandemic, Starbucks has launched its biggest expansion drive in five years. The multinational company plans to...

Natural Disasters Cost Laos Economy Over USD 77 Million in 2022

Tropical storms like Mulan, Ma-on, and Noru affected 16 provinces across the country, ripping through towns and farmland, causing floods, and destroying crops and...