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...

Tilleke & Gibbins Publishes 2018 Doing Business in Laos Guide

The Laos chapter of Global Guide 2018: Doing Business In..., a guide published by Practical Law in association with Lex Mundi, presents a comprehensive Q&A-style...

2018 Road Tax Now Due and Payable

The Ministry of Finance has called upon vehicle owners to make payment of the 2018 road tax, which is now due and payable. After multiple...

Sepon and Phu Bia Mines Set to Close Operations by 2020

Energy and Mines Minister Khammany Inthilath, in his address to the National Assembly, stated that since 1990, the Lao Government has had an open...

New Minimum Wage Set at 1,100,000 Kip Expected to be Announced On Labor Day

Within three months, the raising of the country's minimum wage to 1,100,000 kip per month is expected to materialize. The current wage has been...

Mongolia to provide Sheep to Lao People’s Army

The Mongolian government has agreed to provide 1,000 sheep to the Lao People's Army battalion in Xieng Khouang Province. A meeting was held between Mongolian...

Minimum Wage Increase Planned for This Year

From 1991 to 2015, the minimum wage has increased a total of 7 times in Laos. According to the Department of Labor Regulation, an 8th change is set...