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...

Rising Fuel Prices Cause Inflation

The rising price of fuel has been identified as the culprit behind inflation in Laos, causing the government to take steps to address this economic risk. According to the latest report...

World Bank Supports Laos’ Agricultural Sector

The US$25 million Lao PDR Agriculture Competitiveness Project aims to help over 140,000 people by making the planting of rice, maize, and vegetables more productive and...

NERI: Lao Economy Needs Diversification

An economic update released last month by the National Economic Research Institute (NERI), a government body led by former Prime Minister Bouasone Bouphavanh, stated that the...

Dao Heuang Coffee to Penetrate Chinese Market

The Dao Heuang Group, one of the biggest producers of coffee in Laos, is expanding its overseas sales network to China, where coffee consumption...

Special/Specific Economic Zones: Laos’ Top Incubator of Economic Growth

Throughout Laos' economic expansion history, a number of initiatives have been launched to improve the investment climate in the country. One of those successful...

Laos Government Approves Minimum Wage Increase

The government of Laos has officially approved an increase to the nation's minimum wage, from 900,000 kip to 1.1 million kip per month, according...