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 Banana Exports No Longer Pick of the Bunch

China has slapped inspection measures upon banana exports from Laos, hindering what was a booming trade. While Laos is still the second largest exporter of...

PLAOSME.com: Laos’ New E-Commerce Platform

On the 2nd of March, the Ministry of Commerce and Industry (MOIC) together with the Asian Development Bank (ADB) organized an event in Paksé,...

Updates from the Laos-China Railway Project

The Laos-China Railway project rushes forward as residents get ready for the tremendous changes this new connectivity will bring to their homes. People residing within the parameters of...

Laos Experiencing Low Inflation Rate

The inflation rate in Laos remains low, despite a rising cost of living, according to the Lao National Statistics Bureau. The bureau announced recently that...

Chi Nai Mo Water Supply Plant to Receive Major Upgrade

On the 21st of February, a procurement agreement was signed for the US $92-million expansion of Chi Nai Mo Water Supply Plant in Vientiane Capital. The...

Laos is the Youngest Nation in Asia

As many parts of the world prepare to cope with large aging populations, sparsely populated Laos remains the youngest nation in Asia. According to a...