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...

H5N6 Avian Flu Detected in Oudomxay Province, Laos

The Oudomxay Department of Agriculture and Forestry has issued a notice stating that authorities have detected the H5N6 avian flu virus in ducks sold...

Laos Releases Stockpiled Rice to Stabilize Market Price

The Lao government has decided to release stockpiled rice to stabilize the market price amid a shortage of rice supply due to the impact...

Paksan Customs Fails to Meet Revenue Target in First 8 Months

Paksan International Customs in Bolikhamxay Province has failed to meet its revenue target between January and August amid a drop in the volume of...

Cambodia to Purchase 2,400MW Energy from Laos by 2027

Cambodia has agreed to purchase 2,400MW of electricity from Laos by 2027, in a move to meet growing energy demand in the country. Cambodia will...

EU ARISE Project to Help Laos’s Export Competitiveness

The European Union (EU) has launched its EUR 5 million (USD 5.5 million) ARISE project designed to boost Laos’s export competitiveness and integration in...

Nam Ngiep Dam Officially Online

The Nam Ngiep Dam northeast of Vientiane Capital has officially come online. The Nam Ngiep Dam, a hydropower investment by Japan’s Kansai Electric Power Company,...