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...

Visit Laos Year 2018 Kicks off end of October

Coinciding with the That Luang Festival celebrations, government officials have planned several activities to promote the launch of  “Visit Laos Year 2018” on October...

Laos Prints Largest and Longest Sovereign Bond Issue

Laos has successfully completed its largest and lengthiest bond issue, with a 14 billion baht ($419 million) six-tranche offering in the Thai debt capital...

Tax Collectors to Audit 200 Businesses to Boost Revenue

In an attempt to collect additional taxes before the end of the year, the Deputy Minister of Finance has announced that finance authorities are...

Germany Grants 5.6 Million Euros to Pave Rural Lao Roads

A grant of EUR 5.6 million has been provided to Laos by the German government towards paving rural roads in Laos. During a meeting with...

Mahosot to be Upgraded to International Standards

With expenses being backed by the Chinese government, the century-old Mahosot Hospital will be completely rebuilt starting the end of this year, with a...

New State Projects Under Scrutiny

Though the Minister of Planning and Investment, Dr Souphan Keomixay, has recently acknowledged that the demand for national development in the country is on...