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...

Housing for Attapeu Flood Victims to Be Completed This Year

Some 496 of 700 new homes have been completed for flood victims in Attapeu following the dam collapse of 2018. According to a report by...

Laos to Inspect Safety of Hydropower Dams Every Five Years

Laos is to undertake a national hydropower inspection procedure every five years to ensure safety and maintenance standards. The procedure would ensure that dams...

Laos-China Railway Sees 242 Kilometers Of Track Complete

The Laos-China Railway project has completed 242 kilometers of track and is expected to successfully complete the full track in May this year. According to...

Authorities Rush to Repair Traffic Lights in Vientiane Capital

Vientiane Capital authorities are to expedite repairs of faulty traffic lights and street lighting across the city. According to a report by Vientiane Mai, the...

Lao Economy Set to Recover if Threats Can Be Contained

While economic growth in the Lao PDR contracted in 2020 for the first time in over two decades, the economy is set to recover...

Lao Consumers Still Favor Imported Agricultural Produce

Authorities have acknowledged that Lao people continue to favor agricultural products imported from neighboring countries over home-grown produce. According to a report by Lao Post,...