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...

Laos to Build Expressway Linking Luang Prabang and Oudomxay

The Government of Laos plans to build a new expressway linking Luang Prabang with Oudomxay, drastically reducing travel time between the two provinces. According to...

Laos to Develop Solar Power for Export in Champasack Province

The Government of Laos has signed an agreement with Muang Khong Clean Energy to build a solar power plant at Khong District, Champasack Province. According...

Finance Minister to Take Tougher Stance on Corrupt Officials

The Ministry of Finance has dismissed over 20 civil servants for involvement in fraud, including the embezzlement of state revenue, according to a statement...

Transmission Lines Connecting Laos to Cambodia Officially Launched

A ceremony was held this week to mark the opening of a new 500 kV transmission line connecting Laos and Cambodia in Champasack Province. According...

Don Sahong Hydropower Project Begins Commercial Operations

Mega First Corp Bhd announced today that its hydropower plant in Laos, the Don Sahong Hydropower Project, has begun commercial operations. The company, in a...

Laos May Not Graduate from Least Developed Country in 2024

The United Nations is reevaluating the likelihood that Laos will graduate from Least Developed Country (LDC) status in 2024 amid the effects of the...