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...

ADB: GDP Growth to Reach 6.8% in 2018 and Increase to 7.0% in 2019

Laos' economic growth is likely to be sustained this year and accelerate in 2019, while inflation will edge up, says a new Asian Development Bank...

Public Hotline to Report Abuses at the Market: 1625

Officials from the Vientiane Department of Industry and Commerce performed a random inspection at multiple markets such as Kuadin Market, Aussie Market, Phonthong Market and...

Theun-Hinboun: 500% Return On Investment For Lao Government

The Theun-Hinboun Power Company (THPC) organized an event to celebrate its 20th Anniversary of operations  in Vientiane last Saturday. It had been exactly twenty years since the plant...

Laos is 110th Happiest Country in the World

According to the recently published World Happiness Report, Laos ranks 110th out of 156 countries in happiness. Finland takes the crown as the happiest country on...

Made In Laos Exhibition 2018 Showcases the Best of Laos

The Made in Laos Exhibition 2018 provides an opportunity for businesses in Laos to promote their products and services to both local and foreign exhibition goers. Organized by the Lao National...

IMF Executive Board: Lao Economy Continues to Perform Well

The Executive Board of the International Monetary Fund (IMF) recently gave a favorable analysis of the Lao economy: Lao P.D.R.’s economy continues to perform well, supported by a...