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...

US Funds Over 21 Million for MAG’s UXO Activities in Xieng Khouang Province

The United States of America has provided MAG additional funding of USD 21.75 million for twenty-eight months to continue the implementation of UXO clearance,...

Laos-Vietnam Trade Shoots Up by 24 Percent in 2022

The two-way trade income between the countries increased by 24 percent in 2022, crossing over USD 1.7 billion. The report stated that the two...

Laos Sees an Increase in Electric Vehicle Imports Across the Country

The country reported an increase in the importation of electric vehicles last year, following multiple hikes in fuel prices. Mr. Thongphat Inthavong, Deputy Minister...

Samsung Provides Study Materials for Schools in Laos

Samsung Electronics Company donated computers for schools in Houaphanh province and other provinces at the Ministry of Foreign Affairs office on Friday last...

Laos, Thailand Discuss Reopening of Four Borders Checkpoints

Deputy Governor of Vientiane Capital, Mr. Phounkhong Bannavong met with the Thai Permanent Secretary for Commerce, Mr. Keerati Rushchano on his visit to Laos...

Bank of the Lao PDR Suspends Loans for Cryptocurrency Businesses

The central bank of Laos has issued a notice suspending loans to cryptocurrency business  from January this year. The notice issued by the Bank of the...