Economy

Laos Orders Local Trade Offices to Stop Restricting Business Competition

The Ministry of Industry and Commerce has ordered trade offices nationwide to stop imposing measures that restrict business competition or obstruct the movement of goods. Issued on 28 October, the order took effect immediately and applies to industry and commerce departments in Vientiane Capital and all provinces, as well as...

Laos Inflation Eases to 7.7 Percent as Electricity Costs Remain High

Laos’ inflation edged down to 7.7 percent in October from 7.8 percent in September,...

Laos Links South Korea Work Visas to Overstay Rates as Program Expands

Laos will suspend access to South Korea’s seasonal work program for 3 years if...

Laos Bans Money Bouquets, Crafts Made From Kip Banknotes

Laos has banned the production, sale, and advertising of crafts made from kip banknotes,...

Laos Targets Faster Border Checks in USD 5 Million Trade Project

Laos is preparing local businesses for higher costs when selling goods abroad, as the...

Five State Institutions in Laos to Trial Self-Sufficiency Policy

The Government of Laos has agreed to trial a financial self-sufficiency policy among state organizations and institutions. According to a report by KPL, the...

Laos-China Railway to be Green, Low-Carbon Railway

The China Southern Power Grid Company has completed the installation of electricity transmission poles along the Laos-China Railway, saying the railway will be a...

Chinese Investors Propose Laos-China-Vietnam Triangle Development

Authorities in Phongsaly Province have approved a feasibility study for the development and construction of a new Special Economic Zone at the borders of...

Military Sheep Farming Program Continues in Xieng Khouang

A sheep farming program conducted by the Lao military in Xieng Khouang Province is producing well, according to reports by state media. The battalion in...

Public Warned About Electrical Hazards Along Laos-China Railway

Electrical systems and transmission lines are expected to be operational along the Laos-China Railway in the coming days, with the public advised to keep...

Bank of Laos Warns Public Against Use of Cryptocurrency

The Bank of Laos (BOL) has issued a notice warning the public about the usage of unregulated cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, which...