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...

Counting the Costs: Disaster Needs in Laos Accumulate as Gov, UN, EU, WB Calculate Impacts

The tragic loss of life and heavy impacts on livelihoods amid disaster triggered by pounding rains and rushing waters means there is no doubt...

Laos’ PM Thongloun Confirms Hydropower Policy at WEF on ASEAN

International experts continue investigative efforts alongside Lao regulators looking into the causes of the fatal Xe Pian Xe Nam Noy dam collapse in Attapeu...

South Koreans Latest To Get 30 days Visa-Free Travel in Laos

South Korean visitors, backpackers, business travellers, package tourists, honeymooners and independent adventurers alike can now stay in Laos for up to 30 days without a...

Bank of Laos Warns Public Against Use of Cryptocurrencies

The Bank of Laos (BOL) has issued a notice warning the public against the use of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, which are unregulated...

Laos Is Second Most Expensive ASEAN Country to Buy Fuel

An official from the Ministry of Energy and Mines revealed that Laos placed second in the list of the most expensive ASEAN countries in which...

Route 13 to be Improved and Maintained with World Bank Support

More than 500,000 people living adjacent to sections of National Road 13 will benefit from the improvements planned in the National Road 13 Improvement and...