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...

Sanakham Dam Impact Assessment Should be Broadened with Up-To-Date Information

The Sanakham hydropower project developer and the Lao government should widen the project’s impact assessment and propose additional measures to mitigate potential adverse impacts...

Rich Resources Remain Available to Laos Mining Sector

Mineral and mining projects in Laos cover a land area of over seven million hectares throughout the country or over 30 percent of the...

Vang Vieng Sees Over One Million Visitors in Five Years

Authorities reported that over one million people have visited Vang Vieng over the last five years, including over 700,000 foreign tourists. According to a report...

Vehicles Under 350cc Prohibited from Expressway Use

Vehicles with engine capacity under 350cc will not be permitted on the Vientiane to Vang Vieng Expressway, according to a new report. Vientiane Times reports...

Laos Among 15 Nations to Sign RCEP, World’s Biggest Trade Pact

Laos, China, and thirteen other countries have agreed to establish the RCEP, the largest free-trade bloc in the world, comprising nearly a third of...

Government Approves Vang Vieng to Luang Prabang Expressway

The Government of Laos has given the green light for a planned Vang Vieng to Luang Prabang expressway, reducing travel time between the two...