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...

Euler Hermes: Growth Is Firm, But Fundamentals Remain Weak in Laos

Euler Hermes, an Allianz company, has released a brief country economic report on Laos. The following is an excerpt from the report: ECONOMIC OVERVIEW Solid growth...

Savannakhet Reaches Population of 1 Million

Savannakhet Province is now officially the province with the largest population in Laos, according to a report released by the provincial statistics bureau on...

Vang Vieng Expressway to be Extended to China

The Vientiane to Vang Vieng expressway is now to be extended to China, according to a recent announcement by Yunnan Construction Engineering Group. The first...

New Law to Ensure Fair Compensation for Relocated Populations

A new law will pave the way for fairer and faster compensation payouts for landowners that lose their property to development projects, according to...

Vietnamese Companies Invest Over 5 Billion USD in Laos

Vietnamese businesses have found much success in Laos primarily due to excellent commercial opportunities, market scale and operation quality in the landlocked nation. According to the Ministry of Planning and Investment,...

Feasibility Study Says Laos-Vietnam Railway Doable

Two years ago, Lao, Vietnamese and Korean experts and officials met in the capital of Laos to commence a study on the feasibility of...