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...

Economists Query Accuracy of Investment Figure

Economists have queried the investment figure reported by the government, saying it does not reflect the reality of economic growth. Minister of Planning and Investment...

Residents Await Compensation for Nongkhang Airport Lands

Huaphan province wants to help the people affected by Nongkhang airport construction that are suffering from a lack of rice to eat after losing...

NA Session Ends after Approving Laws, Financial Targets

The National Assembly (NA) has approved a GDP target of 600 trillion kip over the next four years, also setting the average economic growth...

Amended Investment Law Offers Tax Incentives, Shortens Concession Period

Amendments to the Investment Promotion Law offer more tax incentives and shorter investment concession periods in a bid to attract more investors while ensuring...

Laos is World’s Greenest Country

Among Asian countries, Laos has the highest percentage of forest area at 92.1 percent of the total area of the country. On the other...

Korean Companies Eye Trade Expansion in Laos

One-on-one business consultations were held between company representatives from the Republic of Korea and Lao buyers in Vientiane yesterday as part of efforts to...