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 Import Face Masks Amid National Shortage

The Ministry of Health has stated that Laos is to import face masks from neighboring countries, including Vietnam, China, and Thailand amid a national...

Lao PM Urges People to Grow Crops, Raise Animals for Own Consumption

The Lao Prime Minister Thongloun Sisoulith has urged Lao people to begin growing crops and raising animals at home for their own consumption in...

Laos Continues to Rely on Import of Agricultural Produce to Meet Demand

Laos continues to import agricultural produce because local production is not enough to meet domestic consumption, according to Lao authorities. The local production has increased,...

Lao Crop Exports to China Suffer amid Coronavirus Outbreak

Chinese buyers are paying less for Lao agricultural products amid sluggish trading activities in the wake of the new coronavirus (COVID-19) outbreak. Border trading in...

Coronavirus Outbreak Affects Lao Tourism, Investment and Trade

The new coronavirus (Covid-19) has already affected the Lao economy, despite no cases of the disease having been confirmed in the country, a senior...

Laos to Inspect Hydropower Projects to Ensure Dam Safety

The Government of Laos has set up a committee of local and foreign experts to undertake dam safety inspections as part of plans to...