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...

Government to Continue Compensating Residents Affected by Laos-China Railway

The Lao government will provide over LAK 465 billion in compensation to those who have been affected by the Laos-China railway project. According to a...

Phonhong Station Complete Along Laos-China Railway

Phonhong Railway Station was announced complete by constructors of the Laos-China Railway on Friday. The station is located in Phonhong, some 70 kilometers north of...

Luang Prabang Station Along Laos-China Railway to be Completed Next Month

Luang Prabang Station along the Laos-China railway is scheduled to be completed next month. The station's roof has been completed under the "three vertical lines,...

Vientiane Capital to Upgrade Roads and Infrastructure

Vientiane Capital authorities are to upgrade nine roads alongside other infrastructure in the capital this year. According to a report by Lao National Radio, nines...

Lao Kip Depreciates against Foreign Currencies

The Lao kip has continued its depreciation against foreign currencies, affecting the cost of living amid the Covid-19 pandemic. In recent months, a mismatch...

EDL Issues Measures Against Electricity Theft

Electricite du Laos has announced new measures against electricity theft and meter tampering, including tripling fines for infringements. The power company says that those who...