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 Potential High-Speed Rail Link

Prime Minister of Laos Mr. Sonexay Siphandone was in talks with his Cambodian counterpart, Mr. Hun Sen during his recent official visit about the...

Lao Statistics Bureau Announces Plan to Tackle Rising Cost of Living

The Lao Statistic Bureau (LSB) held a meeting on 7 February at the Bank of the Lao PDR (BOL) to announce its plans to...

Sri Lankan Citizen Reveals Harrowing Details of Being Trafficked into Laos

Due to the country's severe economic crisis, many Sri Lankans decided to seek employment overseas last year, only to find themselves stranded in Laos,...

Laos Prepares to Host ASEAN Tourism Forum in 2024

As ASEAN Chair in 2024, Laos will also host the ASEAN Tourism Forum in January, allowing nations in the bloc to discuss matters related...

Laos Imports Fuel Worth USD 125 Million From Vietnam in 2022

According to AEC connect, Laos' fuel import from Vietnam rose by 439 percent and was worth USD 125 million last year. Overall exports from Vietnam...

South Korea’s Biggest Low Cost Carrier Expands Flights to Laos and Vietnam

Jeju Air, South Korea's largest low-cost carrier, will start operating flights between Laos and Korea from 20 April. The company stated that flights will commence...