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...

Covid-19 Restrictions Could be Eased to Minimize Economic Impact

Authorities have said that after 11 consecutive days without a new case of Covid-19 in Laos, some lockdown restrictions could potentially be eased. Prime Minister...

Laos to Experience Stunted Economic Growth amid Coronavirus Pandemic

As a result of the effects of the Covid-19 pandemic, Laos' Gross Domestic Product (GDP) is expected to rise by only 3.3 percent in...

Vientiane Economic Officials Patrol Wet Markets, Enforce Price Controls

Government officials from Vientiane Capital were on the scene at wet markets to enforce compliance with the government's instruction prohibiting price gouging of essential...

World Bank Approves Emergency Financing for Covid-19 Response

The World Bank’s Regional Vice-Presidency of the East Asia and Pacific Region yesterday approved US 18 million for Lao PDR to help the country...

Ministry Orders Temporary Suspension of Mining Activities, Hydropower Construction

The Lao Ministry of Energy and Mines has ordered the temporary suspension of mineral processing plants and hydropower construction projects under a new notice...

Lao Government To Provide Tax Breaks, Reduced Rates Amid Coronavirus Outbreak

The Lao government is to reduce and defer the payment of tax, customs, and other administrative fees during the coronavirus outbreak. Deputy Prime Minister Dr....