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...

Cambodia Urges Laos to Speed Up Electricity Transmission

Cambodia has asked Laos to speed up the transmission of electricity that it purchased earlier this year. Cambodia’s Electricite du Cambodge (EDC) signed an agreement...

Laos, Thailand To Build Another Friendship Bridge

Laos and Thailand are considering the construction of one more friendship bridge to connect the two countries in a move that would link Vientiane...

World Bank Projects Positive Economic Growth for Laos

The World Bank has projected that economic growth in Laos is expected to recover 6.5 percent in 2019, from 6.3 percent in the previous...

Illegal Currency Exchange Services Causing Price Hikes

A senior Lao government official has warned that unregistered currency exchange services that violate currency regulations must be punished. A number of foreign currency exchange...

PM Thongloun Tells Vang Vieng to Clean Up

Prime Minister Thongloun Sisoulith and his retinue made a working visit to Vang Vieng last week to assess the district and offer advice on...

First Freight Train Service Launched from Laos

The first freight train service to and from Laos was launched yesterday, with a shipment of Beerlao crossing the Thai-Lao Friendship Bridge. Cargo from a...