Politics

Laos, China Launch Digital Payment Link For Cross-Border Transactions

Laos and China have launched a new digital payment link that allows Chinese visitors to pay Lao businesses using China’s digital yuan, without needing to exchange cash into Lao kip. The system connects China’s digital yuan, known as e-CNY, with Laos’ domestic QR payment network. A Chinese visitor can now...

Timor-Leste Moves to Join Cluster Munition Ban at Vientiane Conference

Timor-Leste has taken a formal step toward joining the Convention on Cluster Munitions, signing...

Laos Warns of Lasting Toll at Vientiane Meeting as Cluster Munition Use Rises Worldwide

Laos is hosting the Convention on Cluster Munitions’ Third Review Conference 16 years after...

Vientiane Court Hands Life Sentences to Former Bank Employees in Major Corruption Cases

A court in Vientiane gave life sentences to several former bank employees for corruption....

Laos, Kazakhstan Seek New Railway Links to Expand Trade

Laos and Kazakhstan are exploring new railway and logistics links that could open a...

Singapore-Laos Avoidance of Double Taxation Agreement Enter Into Force

The new Singapore-Lao People’s Democratic Republic Avoidance of Double Taxation Agreement (DTA) entered into force on 11 November 2016. The DTA provides clarity on tax...

Laos, Australia Further Strengthen Customs Cooperation

Laos and Australia concluded a customs related agreement in Vientiane last week, aiming to promote customs-to-customs ties between the two countries. According to a press...

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...

Govt Vows Cutbacks in Lavish Spending

Prime Minister Thongloun Sisoulith has announced that his administration will pursue its plan to curb extravagant spending by state departments, with leaders required to...

PM to Attend Development Triangle Summit in Cambodia

Prime Minister Thongloun Sisoulith will lead a Lao delegation to attend the 9th Cambodia-Laos-Vietnam (CLV) Development Triangle Area Summit, taking place from November 22-24...