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...

PM Supports Chamber for Highest Business Role

Prime Minister Thongloun Sisoulith has expressed his full support for the Lao National Chamber of Commerce and Industry (NCCI) to serve as the highest...

Why the Mekong River Commission Matters

Despite its limitations, the body is key to ongoing efforts to save one of the world’s largest and longest rivers. The Mekong River Commission (MRC)...

China Is Transforming Southeast Asia Faster Than Ever

China’s investment is transforming its smaller Southeast Asian neighbors like never before while helping turn Cambodia, Laos and Myanmar into bigger destinations for its exports. That’s driving...

SNU-Lao Foundation Provides Dental Training to Students

Students and teachers from the Faculty of Dentistry at the University of Health Sciences recently participated in a training seminar on dentistry aimed at...

Govt, Microsoft to Accelerate Digital Transformation

Software giant Microsoft has underscored its commitment to empowering every person and every business in Laos. The initiative is in line with Microsoft's National Empowerment...

Nayoby Bank to Increase Loan Amounts, Expand Branches

Nayoby bank will increase the maximum loan amount it releases to a customer from the current 30 million kip to 50 million kip next...