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...

Students Encouraged to Apply for Tourism and Hospitality Courses Nationwide

Technical and vocational schools and colleges around the country have assembled their tourism and hospitality courses under one central Facebook Page titled "Hosts of...

Laos Sees Rising Public Debt Following Covid-19 Economic Effects

Public debt is on the rise for Laos after a drop in revenue collection and an increase in loans amid the Covid-19 pandemic. According to...

Thai Firm Keen to Construct ASEAN’s Largest Wind Farm in Laos

Thai energy giant BCPG Public Company has announced plans to develop ASEAN's largest wind farm in Laos, capitalizing on rising demand for energy in...

Bank of Laos Tightens Regulations on Currency Exchange Business

The Bank of the Lao PDR has drafted a new administrative regulation intended to regulate currency exchange businesses following the depreciation of the Lao...

Construction of Vientiane Station Commences on Laos-China Railway

A groundbreaking ceremony for construction of Vientiane Station along the Laos-China Railway was held on Friday in Xaythany District. Vientiane Station, located in Xay Village,...

Laos Remains Unable to Streamline Investment Process

While Laos has been promoting a one-stop investment service for many years, lawmakers admit that the reality remains a tedious process mired in bureaucracy....