Economy

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 the nationwide overstay rate reaches 70 percent, under new rules introduced as the country expands overseas job opportunities. A provincial overstay rate above 20 percent will trigger a one-year suspension of visa issuance for Bolikhamxay Province,...

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...

Thailand’s AIS Plans USD 43.35 Million Investment in Lao Telecom

Thailand’s mobile operator AIS plans to invest USD 43.35 million in Lao Telecom, one...

More Lao Citizens Live Abroad as Foreign Population Nearly Doubles

The number of foreign nationals living in Laos has nearly doubled over the past...

Rise in Vehicle Numbers at Boten Border

The number of vehicles crossing the Boten international checkpoint between Laos and China in LuangNamtha province has been reported to have increased as of...

PM Urges Agriculture Officials to Realise Country’s Potential

Prime Minister Thongloun Sisoulith has called on the agriculture and forestry sector to act in the interests of the country by providing green and...

Fewer Businesses Opening in Laos

The number of entrepreneurs opening businesses in Laos declined by 13 percent over the past 10 months of this fiscal year compared to the...

Indochina Bank Sees Customer Increase

The number of VIP customers holding accounts at the Indochina Bank has seen a rapid increase this year. A bank executive revealed the figure...

Residents Await Laos-China Railway Compensation Payments

Preliminary counts have been completed in the provinces through which the Laos-China railway will pass, to pave the way for compensation to be paid...

Laos-Thailand Railway Link Set for Expansion Next Year

Phase II of the Laos-Thailand railway, which will see the line extended from the suburbs to central Vientiane, is set to resume after the...