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...

Switzerland Gives Further Boost to Poverty Reduction Fund

Switzerland has agreed to contribute US$18 million to help Laos reduce poverty and achieve the targets set in the National Socio-Economic Plan. A grant agreement...

Govt to Get Tougher on Regulation of Investment Projects

The Ministry of Planning and Investment has issued an instruction that will more closely regulate government-funded investment projects from the start of work until...

WB Helps Laos to Upgrade Rural Roads

The World Bank's Board of Executive Directors is providing US$25 million credit for Laos to strengthen its road maintenance systems and improve road connectivity...

Construction of Petroleum Refinery to Resume This Month

A petroleum refinery project located in the energy and chemical precinct of Saysettha Development Zone, Vientiane is expected to resume this month after construction...

Fuel Prices Rise…Yet Again

The Ministry of Industry and Commerce has announced that fuel prices have increased across the country as of yesterday (December 15) in line with...

PM Thongloun Visits Huawei in Beijing, Discusses Partnership for ICT Development

VIENTIANE - The Prime Minister and the company’s representatives held in-depth discussions on how Huawei can expand its partnership with Laos in the Information...