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...

Laos Utilises Cooperatives to Support Agricultural Growth

Laos need to create the national committee for development of cooperation aiming to support and helping the agriculture sector in its expansion efforts. For several...

Outstanding Projects Supported by ADB Receive Good Practise Awards

Five outstanding projects supported by the Asian Development Bank (ADB) have received Good Practice Awards for achieving successful development outcomes. The five outstanding projects include...

Laos Utilises Cooperatives and Confederations to Support Agricultural Growth

Lao researchers and academics are expected to benefit significantly from the Research 4 Life project, which aims to increase understanding among Lao researchers about...

Environmental and Social Monitoring Receives World Bank Support

The Ministry of Natural Resources and Environment and its development partners organised a review of the Second Lao Environment and Social Project in 2016...

Lao Freight Forwarders Suffering from Competition

Transport service providers and freight forwarders in Laos are suffering from increased competition with the number of companies operating in the sector having increased. Despite...

ADB to Provide More Support for Development in Laos

The Asian Development Bank (ADB) will provide US$32 million for the Climate-Friendly Agribusiness Value Chains Sector Project in Laos next year. This information was confirmed...