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...

Oudomxay Farmers Face Difficulty Exporting Crops

Farmers in Oudomxay Province are experiencing difficulty selling crops due to the economic crisis caused by the Covid-19 epidemic. Two shipments of 2,593 tons have...

Chifeng Jilong to Restart Gold Production at Sepon Mine in Laos

China's Chifeng Jilong Gold Mining Co has said it will begin processing gold ore from its mine in Sepon, Laos, after a six-year hiatus. According...

Laos Submits for Prior Consultation of Sanakham Hydropower Project

Laos has submitted plans for the construction of its new Sanakham hydropower project on the Mekong River, according to the Mekong River Commission (MRC). The...

Government Mulls Unemployment Package amid Economic Downturn

The government is considering measures to be included in an unemployment package to aid those who have found themselves jobless due to the Covid-19...

Electricity Rate Price Hike Causes Stir Among Residents

An increase in electricity rates has taken Lao residents by surprise amid an economic downturn due to the Covid-19 pandemic, with many turning to...

Vientiane Capital Garbage Disposal Rates Cut by Half

Garbage disposal rates in Vientiane Capital will be cut by half until June this year as part of measures to reduce the impact of...