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...

Laos Sees Trade Deficit of USD 64 million in April

Laos recorded a trade deficit of USD 64 million in April, according to information from the Lao Trade Portal. Xinhua reports that exports from Laos...

Vientiane Vehicle Registration Division Bars Entry to Unvaccinated Individuals

The Vientiane Capital Vehicle Registration and Driving License Division (VRDLDV) has declared that individuals and employees who have not been vaccinated against Covid-19 will...

Korean Company to Study Expansion of Luang Prabang Airport

The Korean Airports Corporation (KAC) has been selected to lead a feasibility study on the expansion of Luang Prabang International Airport. The Lao Ministry of...

Laos Considers Policy to Assist Poor Families During Covid-19 Crisis

The government of Laos is now considering a policy to assist poor families or vulnerable individuals who have been affected by the Covid-19 crisis. According...

EDL To Discount Electricity Rates During Lockdown Period

Electricite du Laos is to provide a three percent discount on electricity rates to residential consumers during the lockdown period. Authorities have accepted a proposal...

Asian Development Bank Predicts Positive Economic Growth for Laos

The Asian Development Bank (ADB) projects positive growth for the economy of Laos despite the effects of the ongoing Covid-19 pandemic. Vientiane Times reports that...