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 Joins Paris Agreement

The Lao People’s Democratic Republic on Wednesday became the 27th nation to submit to the United Nations its document of ratification for the Paris...

Spotlight: Belt and Road Initiative Broadens Prospect For China-Laos Cooperation

VIENTIANE -- Chinese Premier Li Keqiang on Wednesday called for concerted efforts between China and ASEAN (Association of Southeast Asian Nations) member states to push...

Plan For Logistics Hub in Laos

Aim is to speed up flow of goods into Asean, with hub serving as central node for goods from outside grouping. A group of Singapore...

Laos Holds 8th Mekong-Japan Summit

The Lao PDR was honored to host the 8th Mekong-Japan Summit in Vientiane Capital on Sept 7 under the co-chairs of Prime Minister Thongloun...

Malaysia Is Eighth Largest Foreign Investor in Laos

Malaysia has emerged as the eighth largest foreign investor in Laos with investments of RM 2.3 billion from 2000 to 2015. Malaysian Ambassador to Laos,...

PM Thongloun: ASEAN to Become World’s No. 4 Economy by 2030

VIENTIANE -- A new economic order will emerge by 2030, with Southeast Asia taking on a central role, Laotian Prime Minister Thongloun Sisoulith told...