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...

China Remains the Largest Foreign Investor in Laos

China remains the largest foreign investor in Laos, undertaking a total of 785 projects worth USD 12 billion. Special economic zones, industrial parks, and large-scale...

Major Road Repairs Begin Following Rainy Season Damage

The Ministry of Public Works and Transport has begun the repair and upgrade of a number of national roads after severe damage during the...

Domestic Electricity Consumption on the Rise in Laos

The Lao Ministry of Energy and Mines has said that electricity consumption in Laos this year could reach 9,401 million kWh, increasing by 7.7%...

Osiano Trading to Develop Port at Ban Mom

Osiano Trading is to invest USD 50 million into the construction of the Ban Mom port project in Tonpheung District, Bokeo Province. The project is...

Xayaboury Reports African Swine Fever Outbreak

Xayaboury Province has declared an outbreak of African Swine Fever in Xienghone District. According to a notice issued by the Xienghone District Office on 21...

Ministry: 95% of Households in Laos Connected to Electricity

The Lao Ministry of Energy and Mines reports that ninety-five percent of households across the country are now connected to electricity. In provincial municipalities and...