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...

New Prime Minister To Address Seven Urgent Issues in Laos

Newly-elected Prime Minister Phankham Viphavanh has raised seven urgent issues that his government will address over the next five years. When submitting a draft of...

Lao Teas, Silks Shine as Geographical Indications Enhance Global Recognition

In Laos like elsewhere, agricultural products have helped to embody the stories of the people that grow, harvest, preserve, prepare and cook them today...

Xayaboury Province Holds First Livestock Trade Fair

A livestock trade fair was held in Kenthao District, Xayaboury Province to encourage sustainable livestock marketing. According to a report by Lao Youth Radio, the...

Chinese Companies Target Laos for Durian Plantations

Chinese companies are seeking to lease up to almost 5,000 hectares of land in Vientiane Capital to establish durian plantations. According to Produce Report, the...

Vientiane Opens Second Vehicle Registration Office in Xaythany District

A new vehicle registration office has opened in Xaythany District, Vientiane Capital, to assist in registering vehicles and issuing license plates. According to a report by...

Cost of Living Rises as Lao Currency Depreciates

A weakened local currency (LAK) has caused the cost of living to rise in Laos, as well as affecting businesses amid the Covid-19 pandemic. According...