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 Ranked 42nd Most Vulnerable Country to Climate Change

Laos has been ranked as the 42nd most vulnerable country to climate change. This is due to the country’s proneness to climate-related hazards. Laos' susceptibility to...

Laos Will Issue Bonds in KIP

The Lao government has announced that it will issue domestic bonds in LAK (kip) - instead of foreign currencies - with a two-pronged objective aimed at...

Lao Government Bonds Soon to be Available on Lao Stock Market

The Lao Government is in the process of preparing documents, measures and regulatory and legal frameworks necessary to register government bonds on the Lao stock market...

Lao People Are Paying Too Much For Rice

Lao people are paying some of the highest prices for rice in the region despite the country being a significant rice producer, according to the recently released World Bank...

World Bank Economic Report: Formal Vs. Informal Financial Services

A World Bank report released last week reports that "informal" financial services continue to play an important role in the lending sector in Laos despite the fervent growth of legal...

PM: Laos Won’t Graduate From Least Developed Country Status by 2020

In a surprise revelation, Prime Minister Sisoulith told the members of the National Assembly last week that despite the government's enormous efforts, Laos will not...