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...

Water Supply in Vientiane Capital May Experience Shortages During Pi Mai

Vientiane Capital Water Supply State Enterprise has announced that residents in the capital should store and conserve water during the Lao New Year festival...

New PM Tells New Minister of Finance to Plug Leaks and End Corruption

The prime minister of Laos has urged the country's new finance minister to put an end to financial leaks, as well as ending corruption...

Nam Theun 1 Hydropower Project Now 85 Percent Complete

The Nam Theun 1 Hydropower Project is now 85 percent complete and is expected to go online in May 2022. According to a report by...

Laos-China Railway Track 80 Percent Complete

The laying of railway track for the Laos-China Railway project is now 80 percent complete, with the final sections of track scheduled to be...

World Leaders Discuss Finance for Development and Debt Management Amid Covid-19 Fallout

Laos is among 42 countries that have had their credit ratings downgraded since the onset of the Covid-19 pandemic. The world has been teetering on...

Southern Vientiane Railway Station To Be Complete This Year

Construction of the Southern Vientiane Railway Station is scheduled for completion at the end of this year. The site of the Southern Vientiane Railway Station...