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 Reports Inflation Rate of 40.30 Percent in January

The country's inflation rate increased by 1.03% from December 2022, according to the Lao Statistics Bureau (LSB). The main factors contributing to the surge was...

Laos, Cambodia, Vietnam & Myanmar Economies to Get Stronger in 2023

The Siam Commercial Bank's Economic Intelligence Center has predicted that these countries will see a momentum in economic growth this year, but it will be...

Lao Friends Hospital for Children Celebrates Eight Years

The Lao Friends Hospital for Children (LFHC) in Luang Prabang celebrated its 8th anniversary on January 27, 2023. The hospital held a ceremony to celebrate...

Laos Hesitant to Raise Minimum Wage

The Lao government remains unable to raise the minimum wage, despite rampant inflation the country faced in 2022. The current minimum wage in Laos is...

Laos Reaches New Landmark in Electricity Generation

During a National Energy and Mining Sector Meeting in Vientiane Capital in 2022, the Ministry of Energy and Mines revealed that Laos is currently...

National Salary Survey Released in Laos

A nationwide salary survey has been released by local research firm, Wise Research, commissioned by www.108.jobs – the largest job portal site in the...