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...

Vietnam Considers Buying Electricity From Laos to Ease Reliance On China

Vietnam may import electricity from Laos to minimize the risks from relying on Chinese imports and to offset supply shortages caused by cutting off...

Fisherman Struggling with Seasonal Lower Prices

Lao fishermen, fish farmers and market traders are battling lower fish prices this rainy season as overall market supply has increased.Reservoir fishermen at the...

Government Enforcing Revenue Collection Measures

The Ministry of Finance is committed to carrying out stronger measures to increase revenue collection for the rest of the fiscal year to offset...

Lao Legal Market: A Gentle Awakening

Lao People’s Democratic Republic remains one of the most underdeveloped countries in Southeast Asia. But according to the Asian Development Bank (ADB), the Lao...

Lao GDP Expected to Expand 7%, Lower Than Expected

The initial estimates made by Lao National Statistics Bureau suggest that gross domestic product (GDP) for the 2015-2016 fiscal year will reach 6.9-7 percent,...

Gov’t Report: Laos-China Railway to Benefit Various Areas, Boost Investment

The Laos-China Railway Project is likely to bring such benefits to the Lao PDR as strong economic infrastructure, the achievement of cooperation and connectivity...