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...

Beerlao Raises Prices Amid Increasing Production Costs

Lao Brewery Company has issued a notice stating that amid rising operating costs, it has regretfully been forced to raise the prices of its...

Inflation Rate Increased by Nearly Four Percent in June this Year

The inflation rate in Laos increased in June this year compared to the same period last year, climbing 3.96 percent. According to the Lao Statistics...

Authorities Blame Weak Local Currency for High Egg Prices

Authorities in Laos have said that a weakened Lao Kip is to blame for the increase in egg prices. According to a report by KPL,...

Savannakhet Ready to Employ Over 50,000 Returnees

Businesses in Savannakhet have expressed interest in providing jobs for over 50,000 Lao migrant workers who have returned from Thailand. According to a report by...

China Provides Laos With 28 Electric Vehicles for Use in SEZ

China is providing Laos with a fleet of 28 electric vehicles to promote green transportation as part of the South-South Cooperation Project on climate...

Residents Urge Government to Address Rising Cost of Living

Residents and merchants in Vientiane Capital have urged the government to intervene and address the rising cost of living. A weakening local currency (LAK) has...