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...

Lao-Chinese Power Grid Company Signs Concession Agreement with Govt

Electricite du Laos Transmission Company Limited (EDL-T), the joint venture between China Southern Power Grid (CSG) and Electricite du Laos (EDL), has signed a...

Govt to Upgrade Road 13 South Between Bolikhamxay and Khammouane

The government of Laos is to upgrade a section of Route No. 13 South between Bolikhamxay and Khammouane provinces. According to a report by Pasaxon,...

63,000 Unemployed in Laos During Covid-19 Pandemic

Laos has an estimated 63,000 unemployed, including those already in the country and migrant workers who have returned to Laos due to the Covid-19...

New Electricity Rates Set This Month

Authorities have set new electricity rates for households, organizations, and businesses this month throughout the country. According to a notice issued by the Ministry of...

Laos To Graduate From Least Developed Country Status by 2026

Laos could graduate from Least Developed Country status by 2026, according to a new announcement by the United Nations Committee for Development Policy (CDP). The...

First Phase of Sithandone SEZ Development Project Underway

When completed, the first phase of the Sithandone Special Economic Zone (SEZ) is expected to be valued at some USD 600 million. According to a...