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...

2017 Road Tax Now Available

The questions surrounding the delay in the 2017 road tax stickers have finally been clarified. Road users are now able to pay road tax...

France to Assist in Mekong Hydro Resource Coordination

In attempt to develop the energy sector and improve the management of water resources on the Mekong River, Laos and France have enhanced cooperation...

Laos to Ship 20,000 Tonnes of Organic Rice to China

Chinese premier Li Keqiang has approved an order for 20,000 tonnes of genuine organic rice to be delivered to China from Laos. During a meeting...

NRA Aims to Clear UXO From 50,000 Hectares

The National Regulatory Authority (NRA) for the UXO/Mine Action segment has set an objective to clear and eradicate unexploded ordnances on 53,737 hectares of...

BCEL One Offers Alternative Way to Pay for 2017 Road Tax

The uncertainty and miscommunication regarding payment of the 2017 road tax may be coming to an end as BCEL offers to accept road tax...

Audit Uncovers Over One Trillion kip of Unauthorized Spending

Over one trillion kip of unauthorized state spending has been uncovered due to a 2015-2016 state budget audit. Parliament has been notified by the state...