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 Tests Digital Currency with Japanese Blockchain Company

The central bank of Laos has piloted a digital currency project with a Japanese blockchain firm to grow the digital economy and cashless payment...

Laos, China, Thailand Operate First Round-Trip Freight Train

The first China-Laos-Thailand freight train departed from Kunming on Tuesday carrying nine cold-chain containers packed with about 280 tonnes of fresh vegetables for export to...

Laos, South Korea Sign Agreement on Financing Lao Workers Overseas

Laos’ Ministry of Labour and Social Welfare and BNK Capital Lao Non-Deposit Taking Microfinance Institution Co., Ltd. (BNK MFI) of the Republic of Korea...

108Jobs, UNDP to Organize Job Fest 2023 in March

Job Fest 2023 will be organized on 3-5 March 2023 at the International Cooperation and Training Center (ICTC) in Vientiane to provide career opportunities...

Electricite du Laos to Increase Prices for Certain Customer Types

Electricite du Laos (EDL) will increase the price of electricity for industrial usage in Laos to alleviate debts, but household use charges will stay...

Lao Govt. Monthly Cabinet Meeting Tackles Economic Challenges

The monthly government meeting for January was held this week and focused on grappling with the current economic crisis and rising inflation. According to a...