Source: The Asean Post Last July, Lao witnessed a catastrophe when the Xe-Pian Xe Namnoy dam located on the XeRead more
Laos will conduct a population census in 2020 to provide updated information for indicators, baselines and targets to be incorporated in the 2021-2025 National Socio-economic Development Plan.Read more
Same-sex relationships are still criminalised in much of the world, however, including in at least 20 countries in Asia. Some countries have enacted protections for the LGBTQ, but these are often limited and the community continues to face discrimination in spite of them.Read more
Widespread flooding in Laos in recent weeks has blocked the start of the school year in the Southeast Asian country, with as many as 1,000 schools left unable to open by the Sept. 3 beginning of the new term, Lao sources say.Read more
A UXO Lao team working in Attapeu province hopes to finish clearing explosive devices from land allocated for new housing for flood victims in Sanamxay district next month.Read more
The Lao PDR has a younger population than any country in Southeast Asia, with nearly 60% below the age of 25 years, and nearly 22% of the population are adolescent girls and boys, aged 10-19 years.Read more
Laos continues to face a high risk of money laundering despite the country graduating from the “grey list” of the Financial Action Task Force last year, according to the National Money Laundering and Terrorist Financing Risk Assessment (NRA).Read more
Prime Minister Thongloun Sisoulith has ordered ministers, the Vientiane mayor and provincial governors to implement eight measures to stimulate economic growth.Read more
The Vientiane Traffic Police Department has rostered 600 police for security detail around the capital in a bid to reduce traffic congestion and accidents during the coming academic year, which begins on September 3.Read more
The Ministry of Finance in Laos has announced it has adopted a new Asean tariff code, giving a signal that Laos is ready to become part of the single regional market of 600 million consumers.Read more
Laos and Myanmar have approved the 12th map of the border between the two countries, which they will use as an annex to the agreement on a permanent borderline dated June 11, 1994.Read more
Flooding caused by recent storms in Laos has killed at least 46 people while 97 others are missing and four people were injured, according to the latest report from the National Disaster Prevention and Control Committee.Read more
The Thai and Lao pollution control agencies have agreed to work together to reduce air pollution caused by vehicles in the two countries, especially at border checkpoints.Read more
All loopholes that could result in financial leaks must be plugged in order to ramp up national revenue, Deputy Prime Minister Somdy Duangdy told finance officials recently.Read more
Shaken by a deadly dam collapse, Laos needs to reconsider its long-term strategyRead more
The international terminal of the airport serving the Laotian capital of Vientiane, Wattay International Airport, can now accommodate as many as 2.3 million foreign travelers a year, roughly nine times the original terminal’s capacity.Read more
Military personnel and a rescue team from Singapore are continuing the search for the 98 people still missing in the wake of the dam burst, with the number of dead confirmed at 36.Read more
The Lao government has warned of possible flooding and landslides in parts of the northern and central provinces, as heavy rain is expected.Read more
Members of the Lao business sector have recently called for the government to abolish a 10 percent excise tax on internet usage, claiming that Laos remains the only country in Asean to impose the charge.Read more
A multibillion-dollar dam, meant to boost Laos’s economy, collapsed and led to the deaths of dozens, with many still missing.Read more
The average fuel price in Laos is more than double than the global priceRead more
The first warning came at 4.00 p.m., one hour later the water started to flow through the village, and by late evening it was a torrent.Read more
A high-ranking Lao official suggested Thursday that a dam collapse earlier this week in Attapeu province was the result of faulty construction and said the project’s developer should be held accountable, as the death toll from flooding has reached 30, with more than 20 hospitalized for injuries.Read more
The number of newly registered and expanded businesses in the capital increased almost threefold during the first six months of the year.Read more
Laos having regrets as China’s grand Pan-Asia railway dream soursRead more
Public debt is estimated at around 68 percent of GDP and almost half of the money is being borrowed from one source – China.Read more
Despite development boom, exchange has listed only 7 companies since 2011 launch.
The Lao Securities Exchange wants to increase the number of listed companies from the current seven to 25 or 35 by 2020, but experts are skeptical.
Domestic and foreign investors will be granted a number of tax breaks under a new amended decree related to specific and special economic zones (SEZs) issued recently by the government.Read more
Champassak provincial authorities will soon order an inspection of Road No. 16 including accurate details on the construction budget as the government contemplates plans to purchase the project rights from the private construction company.Read more
More than 2,715.8 billion kip will be sourced and allocated for the promotion of small and medium enterprises (SME) to facilitate better access to finance to grow their businesses.Read more
While giving a guidance talk at the 11th Lao Business Forum on Jul 5, Prime Minister Thongloun Sisoulith emphasized the importance of strengthening the business sector through the improvement of business-related laws and regulations adding that doing so could help achieve the national socio-economic development goals.Read more
The Ministry of Finance has warned that it will impose stronger legal actions against any owners of imported vehicles evading taxes and tariff payments to the government.Read more
The government is contemplating a cut in budget expenditure to maintain financial liquidity following a revenue shortfall during the past four months of this year.Read more
The U.S. State Department downgraded Myanmar and Laos to Tier 3, its lowest ranking, in an annual report on human trafficking released today, citing the countries’ failure to make significant efforts to combat the trade.Read more
The removal of barriers to bank lending and borrower withdrawals foreign currencies are set to benefit enterprise in Laos after the Bank of the Lao PDR removed restrictions in this regard, according to an announcement from the central bank.Read more
All enterprises that have been registered and have obtained a tax ID will have to comply with the Value Added Tax Law.Read more
The Mekong River Commission (MRC) announced yesterday that Laos has formally notified the Commission of its intention to construct the Pak Lay dam on the mainstream of the Mekong River.Read more
The deadline for 2018 road tax payments is June 30 this year.
The finance ministry warned that those failing to pay by the deadline would be fined 40 percent of their obligated road tax rates.
As the only landlocked country in Southeast Asia and one of the least developed ones in the region, Laos seems to have different priorities on growth that are driving it pile on even more debt.Read more
A survey conducted recently at 12,744 schools across the country suggests that over 19,700 new teachers need to be recruited for the next twelve months while only 1,850 teachers will be enlisted for public schools this year.Read more
The Ministry of Health will continue to work with international partners to reduce tobacco smoking in Laos even though there has been some success in this field.Read more
Source: govinsider.asia Vilayvone Chanthalaty shares plans for the future of Vientiane In April, Singapore announced plans for the ASEAN SmartRead more
The government has issued a new decree to strengthen collaboration between the Prime Minister’s Office and ministries, provinces, the capital and ministry-equivalent organisations.Read more
Countries at most risk include those that consume the most rice and have the lowest gross domestic product (GDP), such as Myanmar, Laos and CambodiaRead more
Laos and China on Monday officially set in motion a new air route between the two countries, aimed not only at boosting tourism but also other areas of cooperation.
The new flight will carry tourists and other travellers between Vientiane and Luang Prabang province in Laos and Hainan province in China.
Petrol stations that open for business near an existing facility or are too close to a residential area must move away within one year from now, a senior government official has said.Read more
The government is piloting the Lao National Single Window (LNSW) scheme at international border crossings, seeking to speed up customs clearance for vehicles and link the country to the Asean single window system.Read more
The rising price of fuel has become the new driving force behind inflation, sending a signal that the government must address this economic risk.Read more
Lao economists have urged the government to accelerate the privatisation of state enterprises that have been underperforming, as part of measures to improve its financial position.Read more
Lao government officials have launched a new push against corruption in the one-party communist state, with state inspection authorities stepping up investigations across the country and reporting in February that they had discovered up to $120,000 missing from state funds, sources in Laos said.Read more
More than US$5 billion is needed to build a railway linking Vientiane to a seaport in Vietnam’s Ha Tinh province, Vietnamese media reported on Friday, citing study results.Read more
The collection of revenue throughout the nation over the past four months has reached 5,297 billion kip, equal to only 20.81 percent of the figure targeted for the whole of 2018.Read more
Lao economists have called on the government to pay more attention to preparations for the country’s expected graduation from the least developed country (LDC) status, to ensure sustainable development.Read more
The government has approved a minimum wage increase from the present 900,000 kip to 1.1 million kip a month, according to the Prime Minister’s Office.Read more
The construction cost of many projects with State investment have been found to be too expensive and exceeding the realistic value, inspectors have confirmed.Read more
For the first time since it was identified by the United Nations as one of the world’s Least Developing Countries (LDC), Laos has fulfilled the eligibility criteria to be removed from the list, and could see its status upgraded as early as 2024Read more
The nation’s economic growth is likely to be sustained this year and accelerate next year, while inflation will edge up according to the Asian Development Bank (ADB).Read more
The Vientiane Traffic Police Department has rostered almost 600 police for security detail around the capital in a bid to reduce traffic congestion and road accidents during the Pi Mai Lao holiday from April 14-16.Read more
The Lao government says the country will earn increased revenues from the energy and mines sector this year on the back of continued growth.Read more
Vientiane Police Headquarters plan to install speed cameras on major roads in the capital in a bid to reduce driving offences and the number of traffic accidents.Read more
The government has approved a change in the status of Luang Prabang, Kaysone Phomvihane and Pakxe from towns to new cities, according to the Ministry of Home Affairs.Read more
Next month marks Lao Prime Minister Thongloun Sisoulith’s second year in power, a role few Communist Party apparatchiks have grasped with so much aplomb.Read more
In the 2018 Doing Business report, Lao PDR was ranked 141 out of 190, down from 139 the previous year.Read more
Landlocked by Myanmar, Cambodia, China, Thailand, and Vietnam, Laos is among the poorest economies of the world. Yet, in terms of gross domestic product (GDP), the economy continues to soar. Over the last decade, Laos has sustained an average growth rate of 7.8 percent, relatively higher than its neighboring countries.Read more
The number of state primary schools has decreased in Vientiane because fewer children are registering for classes while many parents have enrolled their children in private schools.Read more
Prime Minister Thongloun Sisoulith has told ethnic Lao living in Australia that the Lao government offers special privileges for people of Lao ethnicity planning to visit and contribute to the development of their motherland.Read more
Over 1 trillion kip was siphoned off last year in the implementation of development projects through the violation of laws and financial disciplines by government bodies and the private sector.Read more
Laos has to strengthen the rule of law if it wants to become a competitive investment destination, according to a report from the World Bank.
“The country (Laos) faces issues that include weak regulatory effectiveness, control of corruption and rule of law,” the 2018-Doing Business in the Lao PDR report highlighted in its key findings.
Many business people and ordinary savers still deposit money in foreign currencies despite increased efforts by the Bank of the Lao PDR to promote the use of the national currency, according to data from the central bank.Read more
The Lao National Statistics Bureau said inflation remains low in the country despite rising cost of living.Read more
Vientiane authorities have warned 3,039 enterprises to pay taxes and declare their business plans, with the threat of closure hanging over them if they fail to comply.Read more
Lao enterprises have highlighted the perceived unprofessional practices of firms in the informal sector and high tax rates as the top constraints in investing in the country, according to a report from the World Bank.Read more
Source: Vientiane Times The Ministry of Information, Culture and Tourism (MICAT) last Friday publicised a law on Performing Arts toRead more
Owners of garment factories and other businesses in Laos are rejecting a proposal to raise the minimum wage by as much as one-third, saying the increase in expenses would force them to shut down operations, despite reports of workers seeking opportunities elsewhere due to low pay and high living costs.Read more
Authorities have announced that 2018 road tax can now be paid and the Ministry of Finance is calling on vehicle owners to pay their obligations to the nation.Read more
Twenty two local and foreign companies have signed agreements with relevant authorities to invest in the Thakhek Specific Economic Zone (TSEZ) since 2012.Read more
Laos and Chinese investors discussed several issues on the investment environment in Laos with the participants urging solution to issues related to visa issuance, low rubber prices and limited access to financial assistance.Read more
The government has imposed more taxes on fuel and other goods and services as authorities increase efforts to collect additional revenue to meet set targets.Read more
The current turmoil in the Asian markets, which has been going on 20 years after a much bigger disaster: the Asian financial crisis, began with the collapse of Thailand’s currency – the Baht – and spread across East Asia.
One of the contributing factors was high public debt in the affected countries, including Laos.
Deputy Prime Minister Dr Sonexay Siphandone has urged the Ministry of Industry and Commerce to accelerate improvement of the business climate by cutting the number of days it takes to register a business.Read more
The government last year documented and processed the paperwork for 11,030 vehicles and motorbikes that had been imported unlawfully, according to an official report.Read more
The US Treasury Department early Wednesday announced sanctions against four men and a group of companies allegedly linked to drug and human trafficking throughout the region.Read more
Lack of strong leadership, measures and inspection methods, combined with poor coordination, are causing incompetency in the justice sector, leading to an increase in violations of the law over the past year.Read more
Lao authorities will submit documentation to UNESCO by the end of this month for the Plain of Jars in Xieng Khuang province to be added to the world heritage list after the government approved related documents last year.Read more
The Ministry of Information, Culture and Tourism (MOICT) has recently signed an agreement with BigBlue Agency Laos awarding them the preferred rights to setup all billboards related to the Visit Laos Year 2018 Campaign.Read more
Laos is among the fastest growing economies in Southeast Asia: economic growth has averaged 7.8 per cent over the past decade. Despite the slow recovery of the global economy, the country’s growth rate was 6.9 per cent in 2017 and is expected to be 7 per cent in 2018. This is buoyed by an expansion in electricity production, manufacturing and agriculture, and it occurs despite a slight drop in tourist arrivals.Read more
Drugs, theft, gambling and other forms of undesirable conduct in the capital were raised for discussion at a four-day session of the Vientiane People’s Council, which ended on Friday.Read more
European Chamber of Commerce and Industry in Lao (ECCIL) has published a calendar of holidays in 2018 to help readers get an overview of public and customary holidays in Laos this yearRead more
Vientiane authorities have agreed to the creation of a green lung for city residents and visitors in the form of a public park along the Mekong River in Sisattanak district.
The 31,500 square metre site is located behind the Don Chan Palace hotel and adjoins Chao Anouvong park.
More than 30,000 people have declared that they deposited a combined 800 billion kip with PS Lao Enterprise after the company unlawfully solicited money from them, authorities said yesterday.Read more
Lao police on Friday transferred 104 telecommunications fraud suspects to the Chinese side following a handover ceremony held at Wattay International Airport in Lao capital Vientiane.Read more
While often portrayed as a pliant client to its larger neighbors, Vientiane’s balancing act is more astute than widely recognized
With its sparse 6.7 million population, land-locked Laos is often cast as a passive victim of pell-mell Chinese expansionism, a rich source of raw materials its giant neighbor craves and a virtual truck stop on the way to Thailand and the more prosperous countries of mainland Southeast Asia.
As many as 18 entertainment venues will have to move from their location near the National University of Laos after they were deemed to be a distraction to students.Read more
Laos’ reputation as having some of the most lush and diverse forests in the Mekong remains under serious threat after a December investigation by government officials found evidence of large-scale illegal logging operations in the southern Attapeu province, despite recent efforts to end the practice. Laos, which is left with just 40 percent of the country covered by closed canopy forests, is facing an environmental crisis with much of the remaining forests unhealthy and degraded.Read more
Lao authorities have warned foreign tour operators to utilise local tour guides otherwise they will be fined.
The authorities also warned foreign tour operators to partner with local counterparts in arranging package tour programmes in Laos; if not they will face measures.
Savannakhet province now has a population of 1 million people, making it the most populous province in Laos, the provincial Statistics Bureau reported on Thursday.Read more
Citizens of Denmark, Finland, Norway and Sweden will not need a tourist visa if they visit Laos next year after the government waived the requirement in a bid to boost tourist arrivals from the four Scandinavian countries.Read more
Vientiane authorities are seeking entrepreneurs to invest in and build the planned 15-km expressway linking the city to its north-eastern outskirts in Xaythany district.Read more
All medical documents for patients at private clinics and hospitals operated or owned by foreigners in Vientiane must be written in Lao to protect the rights and benefits of patients.Read more
A tripartite meeting held in Vientiane recently agreed to increase the minimum wage from the present 900,000 kip to 1.2 million kip a month, a senior official has confirmed.Read more
Teachers and students can now access books, curriculum-specified textbooks and teachers’ guidebooks used in preschool, primary and secondary schools through the www.moe.gov.la and www.moes.edu.la websites set up by the Ministry of Education and Sports.Read more
The National Assembly (NA) on Wednesday passed the draft of an amended Law on Lao Citizenship which offers special treatment of qualified and highly-educated foreigners seeking Lao citizenship.Read more
National Assembly members are very concerned about the rising number of arrests and inmates in Lao jails with many of them being young people.Read more
Road users are now being asked to pay the road tax for 2017 after delays in making changes to the payment system have extended almost to the end of the year.Read more
Economists have called for the government to address power failures and blackouts in a move to further improve the business environment in Laos.Read more
Prime Minister Thongloun Sisoulith told the National Assembly (NA) yesterday the government will take earnest action in striving for good governance by addressing corruption, abuse of power and bureaucratic issues.Read more
The Lao People’s Democratic Republic successfully completed its largest and longest bond issue, with a 14 billion baht ($419 million) six-tranche offering in the Thai debt capital markets.Read more
Source: Bangkok Post The twists and turns of Thailand’s diplomacy toward its neighbouring countries have recently undergone a metamorphosis. TheRead more
Members of the National Assembly and the Vientiane People’s Council recently debated various issues put forward by the public and are waiting for the authorities to come up with solutions.Read more
A number of loopholes remain that are resulting in leaks undermining revenue collection, members of the National Assembly (NA) told the government yesterday.Read more