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
As Lao PDR’s economy grows and more companies begin conducting commercial activities here it will become increasingly important for businesses to protect and maintain their competitiveness in the market. A company’s failure to effectively protect its IP or to restrict infringement of its IP can lead to the loss of market share, revenue, reputation, opportunity and competitive advantage.Read more
In December 2017, the United Nations Office on Drugs and Crime (UNODC) released its latest report on opium production in Myanmar and, at face value, the news was good.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
The Vientiane administration has vowed to improve the investment climate to attract more private investment and facilitate business operations as part of measures to achieve 10.5 percent economic growth.Read more
The government is planning to build an international airport at the former Xeno airfield in Savannakhet province, which has lain unused for many decades.
The airport would serve the region and accommodate the growth of foreign investment and tourism in the area.
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
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
As work progresses on a high-speed railway linking Laos with China, Beijing is pouring billions of dollars in aid and investment into its poorer neighbor to fund other projects, pulling it closer into China’s orbit, sources say.Read more
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
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.
Source: KLP Two Chinese companies Wen Hao and Zhongtuo Guangfu have launched a multimillion dollar real estate project which willRead more
Source: Xinhua Laos could accomplish economic growth of 7 percent in 2018, but needs to push for stronger development ofRead 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
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
Tour operators have called for the government to remove a number of barriers they are facing in order to boost the industry and increase tourist arrivals.Read more
The Vientiane-Vangvieng highway will be part of the mega Laos-China Highway Project which will stretch between Vientiane and Boten in Luang Namtha where the Laos-China border is located.Read more
Foreign ministers from the six countries through which the Mekong flows met in southwestern China last month to approve a draft of a five-year development plan for the river. But as state leaders prepare to finalise the proposal at a meeting in Cambodia later this month, environmental groups have expressed concern over what it could mean for Southeast Asia’s longest waterway.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
The most popular destinations among visitors this winter are Luang Prabang, Luang Namtha, Vientiane, and Champassak provinces, according to tour operators.Read more
The number of foreign tourists visiting Laos in the first nine months of this year dropped by 9.1 percent to just over 2.88 million people compared to the same period last year.Read more
Ban Somsanook No. 2 Tunnel, the first tunnel along the China-Laos railway has been bored through in Laos’ Vientiane Province with the length of 301 meters.Read more
Lao authorities are tightening controls at a crossing on the border with Thailand, posting warning signs and interviewing travelers in a bid to end the exploitation of young Lao citizens for sex or labor in the neighboring country.Read more
The government cabinet has ordered authorities in charge to speed up streamlining procedures to ease business operations and improve the investment climate.Read more
As from 1st January 2018, any vehicle crossing into Thailand from Laos that is driven by an individual who is not the vehicle’s owner must provide documentation authorizing use of the vehicle.Read more
Banque pour le Commerce Exterieur Lao Public (BCEL) has launched a new service called ‘OnePay’- a mobile phone app that allows users to pay anyone, anywhere, directly from their account by simply photographing a QR code.Read more
Visa exemptions for citizens of Laos and Russia who hold ordinary passports will come into effect on Lao National Day in a move expected to boost people-to-people visits.Read more
Thailand plans to collect so-called “Asean road tolls” from foreign motorists entering the country via border checkpoints from the end of next year.Read more
The number of tourists from within the region and further afield who enter Laos by road has increased significantly over the past five years, a survey has revealed.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
More than 4,400 Lao families are being forced to relocate to make way for the U.S. $6 billion Lao-Chinese high-speed railway whose construction began nearly a year ago as part of a longer rail project that will link China to mainland Southeast Asia, a public works ministry official said.Read more
On November 7, 2017, the Lao Ministry of Industry and Commerce issued a formal notice, No.2633/MOIC, to all its offices across the country to fully recognize and abolish the capital requirement foreign owned general businesses.Read more
The government will strive to collect taxes owed by businesses after they failed to pay them during the first six months of this year, according to a government report.Read more
The abuse of power by some judges and dishonesty on the part of judges and defence lawyers so they can benefit from litigants was hotly debated by National Assembly (NA) members on Friday when they discussed a draft of the Law on Judges.Read more
An international airport project scheduled for construction by a Chinese developer in northwestern Laos’s Bokeo province has been canceled so that an airport built earlier in the province may be upgraded instead, sources say.Read more
The Bank of the Lao PDR (BOL) will enhance bilateral banking cooperation with the central banks of China, Cambodia, Vietnam and Thailand to ensure better management of payments in foreign currencies at international checkpoints.Read more
PHI Group, Inc., (www.phiglobal.com) (OTCQB:PHIL), a company focused on mergers and acquisitions and investments in natural resources, energy, agriculture, and special situations, announced today that its subsidiary American Pacific Resources, Inc. (“APR”) (https://aprgold.com/) has signed a Business Cooperation and Investment Agreement with a Lao company to develop a 67,000-acre gold mining project in the Province of Savannakhet, Laos.Read more
The government has approved a change in the status of Luang Prabang from town to city, aimed at fast tracking socio-economic development in the province while enhancing relations with other cities in the region.Read more
Slowing economic growth and mounting financial obligations have the communist country’s foreign debt distress risk running on highRead more
The government has entrusted authorities in charge to carry out inspections into 45.53 million litres of oil that was imported for a state investment project but was never actually used for that project.Read more
Chinese President Xi Jinping will make a state visit to Laos from November 13-14, the Lao Ministry of Foreign Affairs said in a new release.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
Jeju Air Co., South Korea’s leading budget carrier will open the route to the capital of Laos this Sunday as part of its diversification strategy to offset falling demand on Chinese routes.Read more
The Commuter Line and Airport Line under the Vientiane State Bus Enterprise (VSBE), forming a new division called City 2, are expected to open for public use within this year, while the Community Line is expected to start operation in early 2018.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
More than one trillion kip of state spending without approval from the National Assembly (NA) has been uncovered, the state top auditor told the parliament this week.Read more
The Ministry of Finance has announced it will implement 10 significant measures for the rest of the year to achieve the projected target of collecting revenue worth 23.48 trillion kip.Read more
The government has pledged to offer fairer compensation for properties of local people impacted and displaced by domestic and foreign investment projects.Read more
The Bank of the Lao PDR has warned members of the public to beware of unauthorised bank accounts after learning that some people have been tricked into making transactions with fake banks.Read more
The World Bank (WB) has predicted that Lao economic growth will be slightly lower than the Lao government and Asian Development Bank (ADB) forecasts.Read more
The road between Kasy district in Vientiane province and Nan district in Luang Prabang province is likely to remain in poor condition in the wake of several landslides, as local authorities still haven’t made plans for repairs.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
While the Asia-Pacific region is experiencing population ageing at an unprecedented rate, the growing number of young people in Laos can provide a significant momentum in driving economic growth.Read more
China Southern Airlines has officially launched a direct flight from Lao capital Vientiane to Guangzhou as part of a scheme to support China’s Belt and Road Initiative.Read more
The President of Laos, Mr Bounnhang Vorlachit, in an official announcement has informed today about the Road Tax fees for 2018.Read more
Laos, officially Lao People’s Democratic Republic (Lao PDR), issues several types of work visas to foreigners planning to work in the country, based on the type of employment and projects assumed by them.Read more
Source: Bangkok Post The twists and turns of Thailand’s diplomacy toward its neighbouring countries have recently undergone a metamorphosis. TheRead more
New project proposals for 2018 submitted by State sectors and provincial authorities threaten to incur costs higher than the government’s financial capacity, a senior official has noted.Read more
Laos’ Pak Beng dam, developed by China and supported by Thailand, has divided riparian nations over how best to manage the river’s resourcesRead more
Revenue shortfall is likely to force the government to maintain state investment in 2018 at the same level as this year, which will pose a challenge in achieving next year’s economic growth target, according to a government report.Read more
LAOS is embarking on one of its most ambitious projects yet – a series of rail networks which will link the country with dominant seaports in Thailand, Vietnam and Cambodia.Read more
The government expects that the export value of mineral commodities, including copper, gold, metal and silver, will fall short of the target after output at mines has dropped this year.Read more
The export value of rice in the first six months of this year fell by 42 percent compared to the first six months of last year.Read more
Cambodia’s foreign affairs minister and his Laotian counterpart will hold a two-day meeting in Phnom Penh this week to draft a letter to France requesting detailed maps to resolve a border dispute that flared up last month.Read more
Authorities are preparing to promote “Visit Laos Year 2018” with the aim of making this sector a key pillar for economic growth.Read more
B GRIMM POWER has taken an aggressive move in building and operating hydropower plants in Laos. The company officially opened on Friday the Xanamnoy 2 and Xekatam 1 hydropower plants in Champasak province that shares a border with Thailand’s Northeastern Ubon Ratchathani province.Read more
Air transport officials of Asean member state countries will work to build up the Asean Single Aviation Market, which is seen as one of the key milestones in developing the Asean Economic Community.Read more
Vientiane authorities have offered to significantly reduce the public’s contribution to the Vientiane People’s Road Fund following widespread complaints about the costs involved.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
Education authorities will allow all privately owned educational institutions countrywide to submit adjustments to tuition fees charged for the academic year 2017-18, aiming to seek uniform sector-wide measures and avoid ad hoc or unduly steep increases mid year.Read more
In line with the policy to adjust the maximum ceiling of the insurable earnings under the National Social Security Fund (“NSSF”) framework at five times the minimum wage set by the Government of Lao PDR and adjusted fromRead more
The government will employ only as many new staff as are needed to fill the vacancies created by retiring officials, while also attempting to ensure that civil servants are more productive.Read more
Laos is aiming to achieve an upgrade from its least developed country (LDC) status at the United Nations to a middle income country by 2030 through strengthening international economic partnerships, including the promotion of tourism, a senior Laotian government official said on Friday.Read more
Several petrol stations in Vientiane and Khammuan province have been warned against cheating their customers following recent inspections made by authorities.Read more
Torrential rain has caused the deaths of 10 people around the country after heavy downpours and winds lashed many provinces, with the damage being assessed at about 55.5 billion kip.Read more
The e-commerce market in Laos is set to take off amidst the rapid growth of internet penetration in the region but the country still does not have laws to regulate such activities, experts have noted.Read more
The government has cleared a plan to lower its budget deficit for 2018 but it still requires more funds to repay domestic and overseas loans.Read more
Laos-based Kolao Group has become the first private company from that country to tap the Thai corporate bond market, raising US$25 million in a private placement today.Read more
Laos and Cambodia have completed the demarcation of about 87 percent of their border, the Ministry of Foreign Affairs announced during a news conference held in Vientiane to provide an explanation about the recent problem on the frontier.Read more
Laos is one of the fastest growing nations in Asia. Strong exports and a burgeoning service sector helped its economy surge by 6.8% in 2016. The Asian Development Bank predicts even faster GDP growth of more than 7% going forward.
Meanwhile, foreign investment in Laos …
A second night market at Chao Anouvong Park area in Chanthabouly district, Vientiane along the Mekong riverbank is expected to open soon with many stallholders registering interest in advance, according to authorities.Read more
China’s Comba Telecom has vowed to provide Lao users with improved service and mobile experiences after it successfully acquired a majority stake in Laos’s ETL Public Company and stepped up its management improvement efforts.Read more
PanAust Limited, Phu Bia Mining’s parent company, has reported continued high-performance production outcomes for the Phu Kham Copper-Gold and Ban Houayxai Gold-Silver Operations in its quarterly report for the three months to Jun 30, 2017.Read more
The entry of foreign investors to Laos has resulted in a boom in real estate business in the Asian nation, notably in the capital Vientiane.Read more
In northern and central Laos,mountains seem to reign the area where population is scarce. There was almost nothing but primeval forests and traces of slash-and-burn cultivation left by mountainous residents.
However, since December 2016, within half a year since the beginning of …
Lao Airlines has announced it will inaugurate direct flight to Japan’s Tokyo Narita International Airport soon to handle the growing need for air transport between the two countries.
The exact date for the inauguration and ticket prices are still unknown, but details will be ..
The Lao government is upgrading payment methods for customs, tax, and other fees at the international customs checkpoint nationwide.
The Ministry of Finance together with …
Thaicom has signed a transponder leasing agreement with MV International Company (MVI), a Thai broadcaster and Direct-to-Home (DTH) platform operator, to establish a pay-TV platform in Laos. Under the multi-year agreement, MVI has signed a contract for Ku-band capacity on the Thaicom 8 satellite.Read more
Laos is preparing to establish administrative courts to better address administrative disputes between executive agencies and the general public.
The move will allow members of the public to file a lawsuit against …
MORE than four decades after the last bomb fell from the skies above the remote and landlocked Southeast Asian nation of Laos, its countryside remains littered with deadly remnants from a conflict which long-ago faded into distant memory for many in the West.Read more
Vientiane authorities have resolved a significant number of cases of illegal car imports and import tax avoidance over the past six months, recovering funds due to support the nation’s budget.
The 382 vehicles seized in the capital were …
The start of a project highlights Vientiane’s continuing struggle with the issue even as it receives foreign assistance.Read more
The government expects to pursue economic growth to at least seven percent in 2018, the same level expected for 2017, according to the Ministry of Finance.
The ministry is drafting the budget plan for 2018, which will be ….
Lao government says it is ready to recruit new stakeholders for Lao Airlines as part of its efforts to overhaul state-owned enterprises.Read more
The ‘Vientiane People’s Road Fund’ is sparking strong concerns and expressions of annoyance from members of the public fearing they’ll be hit in the hip pocket if it comes into effect next year.Read more
Authorities have found that many petrol stations in the capital and Savannakhet and Champassak provinces cheated their consumers by not providing sufficient amounts of fuel.Read more
Fearful that Thailand’s new labor rules will get them into trouble, tens of thousands of migrant workers are returning to neighboring Myanmar, Cambodia and Laos, causing hardship to themselves and their Thai employers.Read more
Laos is preparing to launch its “Visit Laos Year 2018” to promote the tourism industry and revive interest in the country at a time when visits are declining.Read more
Construction of the Laos-Thailand railway extension linking the existing outer suburban station to central Vientiane is expected to begin at year’s end or early next year after the project was suspended in 2011.Read more
In case you missed it, Singapore’s reputation as an attractive holding company location for investments into Lao PDR recently went up a notch: after being signed way back in February 2014, the long-awaited tax treaty/double taxation agreement between Lao PDR and Singapore (the “DTA”) became effective on 1 January 2017.Read more
Students, teachers and administrators of state and private colleges and other educational institutions await official confirmation on whether courses of study can be accredited towards Bachelor and higher-level degrees for the coming academic year.Read more
The government has instructed relevant sectors to take further action to address illegal vehicle imports after learning more were imported into Laos than previously reportedRead more
The Ministry of Natural Resources and Environment has ordered provincial and district line departments to take actions to address land disputes, unlawful land occupations and related issues.Read more
Thailand is preparing to sign a tripartite electricity-trading agreement with two neighbouring countries at the upcoming Asean Ministers of Energy Meeting.Read more
China’s embassy in Laos has issued a safety warning to its citizens there after a Chinese national was shot dead in the country’s Xaysomboun province.Read more
The US dollar and Thai baht have continued to appreciate against the Lao kip over recent weeks, sparking concerns that the currency fluctuation could further drive up prices of products sold in Laos.Read more
Health authorities say Laos still faces challenges in preventing dengue fever this year, especially with the emergence of dengue hemorrhagic fever. Dengue hemorrhagic fever is more severe and life-threatening than other forms of dengue, all of which are spread by the Aedesaegypti mosquito.Read more
Business loans given to private companies have not increased this year since the government limited finance granted to developers for carrying out infrastructure projects.Read more
As tour buses pull up in front of San Jiang Market, not far from Wattay International Airport, a guide beckons to a group of Chinese tourists. They soon disappear into the jungle of shops bearing signs in Chinese characters, many of which sell “local specialties,” or any illicit wildlife product imaginable.Read more
A recent study by the Asian Development Bank shows that the number of immigrants with university degrees who left to work in richer nations in the Organisation for Economic Cooperation and Development surged 66% in the decade through 2010-2011 to 2.8 million.Read more
Phu Bia Mining Company is targeting to produce 80,000-90,000 tonnes of copper, 70,000-80,000 oz of gold and 600,000 oz of silver this year at Phu Kham in Anouvong district, Xaysomboun province.Read more
Lao Government has removed several steps of filling in forms for tourist arrival in Laos to promote and attract more tourists and form a better regional and international links.Read more
LINFOX has today become the first foreign logistics company to operate in Laos with the signing of a joint venture with the Lao Logistics Group in Vientiane.Read more
The TohLao Coworking Space has officially launched its new office under the brand “Toh X” which is looking to drive the country’s startup business growth.Read more
The number of overseas tourist arrivals in Laos is decreased by 12 percent in the first three months of 2017, downing from 1.24 million people in the same period last year to 1.11 million people in March this year.Read more
Although the Asean Economic Community has resulted in increased economic activity between Laos and other countries in the regional bloc, the nation still must overcome numerous challenges to benefit from regional economic integration.Read more
The choice of arbitration as a dispute resolution mechanism has risen in popularity as a time and cost-effective option to resolve commercial disputes. By including an arbitration clause in contractual arrangements, contracting parties may agree in advance on the seat and rules of arbitration, the size of the arbitration panel and even the rules to ….Read more
The Laos-China railway is planning to be officially operational in December 2021 with many tunnels already being boredRead more
Thailand and Laos will work together on a tourism campaign dubbed “Two Countries, One Destination” aimed at boosting arrivals on both sides of the border.Read more
Source: Bangkok Post Travel operators in Laos have urged the Thai government to extend the closing time at border checkpointsRead more
The government has approved the Vientiane-Vangvieng expressway’s corridor and legislation in a move to boost socio-economic development.Read more
The IMF also expressed concerns about the nation’s declining levels of foreign-currency reserves, a rising budget deficit and relatively high levels of public debt.Read more
The Ministry of Finance will start to issue 2017 road tax stickers in August, but vehicle owners will be paying more this year.Read more
Investors who have overseas exposure should take advantage of the baht, which is close to this year’s highest level, by swapping the local currency for the US dollar, says Credit Suisse Thailand.Read more
National Assembly members began debating the latest draft of the Civil Code yesterday, the country’s first legal framework on civil relations.Read more
Two Americans who are passionate about quality coffee are promoting plantations of the crop in partnership with farmers in Huaphan province, the former revolutionary stronghold.Read more
The US dropped 270 million bombs on Laos during the Vietnam war. More than 40 years later, the devices are still killing peopleRead more
Experts say the Chinese have brought jobs and higher wages to northern Laos, but have also drenched plantations with pesticides and other chemicals.Read more
The government has approved a total of US$1.11 billion in domestic and foreign private investments during the first quarter of this year.Read more
Grants provided to Laos by foreign countries in the first quarter of 2017 dropped by more than half compared to the same period last fiscal year, the government has told parliament.Read more
Many companies are still facing challenges in preparing to list on the Lao stock exchange. Companies are having difficulties in terms of their accounting methods and their understanding of capital markets as they prepare to list on the country’s stock exchange.Read more
The prices of food staples in Laos are still around 10-20 percent higher compared to neighbouring countries especially Thailand and Vietnam, the National Assembly (NA) was informed.
The price of Grade A pork in Laos is ….
The Ministry of Finance has admitted that the government faced a deficit of government budget of over 950 billion kip in the first quarter of this fiscal year.Read more
Team BUG5, a group of three young innovators from Laos has earned the nomination to represent Laos in the South East Asia Regional Final Round of 15th Microsoft Imagine Cup 2017, Microsoft’s global accelerator program to empower the next generation of computer science students. They will make history as the very first Laotian team to get qualified for Imagine Cup regional finals.Read more
Laos’ newly-amended Investment Promotion Law has moved to cut by half the maximum investment period for new concession projects to 50 years, down from the previous maximum period of 99 years.
The move is aimed at maximizing investment benefits for the Lao economy, an official from the Ministry of Planning and Investment involved in …
In just the three days of the Lao New Year holiday 159 road accidents occurred across the country resulting in 22 fatalities with incidents of drunk driving and speeding higher than ever.Read more
Economists have warned the government needs a long-term strategy for managing its burgeoning debt against obligations while it works on securing more efficient and additional revenue sources.
At the moment, Laos requires 1,559 billion kip to meet its budget expenditure following revenue shortfall in the first quarter of this year.
Thailand and Cambodia remain leading electricity importers from Laos among the ten-member Association of South East Asian Nations (Asean).Read more
The Thai baht has continued to appreciate against the Lao kip over the past few weeks, which could further drive up the price of products imported from the southern neighbour.
The Thai baht had increased by 5 percent against the Lao kip since earlier this month. The increase was due to the market principle of demand and supply as more …..
A newly-amended Investment Promotion Law has recently been promulgated, offering a variety of incentives to attract investment in both promoted sectors and hardship areas.
Businesses investing and operating in hardship communities (known as Area I),where infrastructure has not yet been developed, will enjoy favourable profit tax exemptions over ….
The That Luang Swamp Special Economic Zone Committee has disclaimed international news reports that foreigners who purchase a condominium in the new That Luang Swamp Special Economic Zone will automatically be granted Lao citizenship.
“A foreigner (who) buys a condominium in the That Luang Swamp Special Economic Zone will be eligible to stay in the country for 10 years without ….
China overtook Vietnam to reclaim the number one position as the largest foreign investor in Laos last year.
China’s investment last year soared to over US$1 billion compared to US$88.9 million in 2015 while Vietnam’s investment decreased by US$4.5 million in 2016 after registering US$466 million in 2015.
Most of the investments are focused on the hydropower, mining and ….
Laos’ economic growth is picking up in 2017 and 2018, supported by the expansion of production and sale of electricity, buoyant services sector growth, and construction of the cross-border railway, according to a new report from the Asian Development Bank (ADB).
Gross Domestic Product (GDP) growth for Laos is forecasted to reach
In the latest flare up in tensions between the two countries, Lao authorities temporarily shut a border crossing with Cambodia and dispatched more troops to an undemarcated area on the northern border after Cambodian authorities began renovating an old French border outpost.
According to local officials, Laos shut the Voen Kham border crossing in Stung Treng province’s O’Svay commune on Sunday and ….
sponsored article Lao Asia Pacific Breweries Ltd (LAPB) has officially changed its corporate identity to Heineken Lao Brewery Co., LtdRead more
Source: RFA Lao police have arrested fugitive drug kingpin Sisouk Dauheuang, an associate of Xaysana “Mr. X “ Keophimpha whoRead more
The Ministry of Finance is seeking consultations with business sector operators and government agencies on the new implementing instructions for the revised value-added tax (VAT) Law, aiming to make tax collection procedures more transparent.
The revised VAT Law, which was approved in January, is expected to make paying taxes easier for local businesses as well as helping to improve the business climate in ….
The last year’s investment in Vientiane Capital fetched over 36.9 trillion kip (USD 4.48 billion) mostly in commercial production and systematic food security projects.
The gross domestic product (GDP) grew by 10.90% with an average per capita of US$4,700,Vientiane Mayor Sinlavong Khoutphaythoun briefed. There were three economic-driven sectors in ….
The Labour Law (2013) came into effect on 28 October 2014, repealing and replacing the previous Labour Law (2006) and introducing a number of significant changes relating to the basic rules of employment in Lao PDR. As the Labour Law is now well into its third year in force, we consider one of its more significant yet often overlooked legal requirements for employers in Lao PDR – internal regulations or “work rules” of the workplace for employees.Read more
The US hotel giant has penned a deal with TPD Company to manage the 160-room DoubleTree by Hilton Vientiane, which is scheduled to open in the Lao capital in early 2020.
Located in the centre of the city, on the intersection of Rue Setthathilath and Rue Manthatourath, about 5km from the Vientiane’s Wattay International Airport, the upscale hotel will be close to the ….
On the outskirts of the Lao capital, a blue passenger train rattles from its station and across a dry landscape.
Reverberating sirens ring out as boom gates block a nearby road, a handful of motorcyclists almost bemused by the misfortune of being made to wait.
This is the only operating railway in the entire country. The connector with Thailand spans just 3.5km of Laos itself before ……
Cambodia, Laos, Myanmar, Vietnam and Thailand, the new drivers for Asean and Asian economic growth, should come up with a joint master plan for connectivity and key infrastructure development to strengthen the region’s competitiveness, says Deputy Prime Minister Somkid Jatusripitak.
“Given a combined population of 230 million people and average economic growth of 6-8%, the five countries are …
The Philippines is just one growth engine for the region stretching from Japan to Singapore, and infrastructure booms are just one source of booming economies. Here are the countries that the World Bank projects will grow fastest in East Asia and the Pacific this year:
1. Laos. This impoverished country with a strict Communist government will grow 7% this year because of investment in the …
The boring of tunnels for the Laos-China railway is expected to begin in the next few weeks following a groundbreaking ceremony to kick off construction of the project in December last year.
The tunnel entrances have been earmarked and concreted in preparation for boring, the ….
There have been almost 9,000 newly registered vehicles in the first two months of this year thanks to ongoing socio-economic growth.
The Vientiane Public Works and Transport Department disclosed this week that in only two months from January to February, there were 8,972 newly registered vehicles bringing the total number of newly registered vehicles in Vientiane Capital to ….
Source: Vientiane Times The government is encouraging an increasing number of young people to enter the business world, especially thoseRead more
The labour and security sectors are gearing up to register and issue temporary work permits to foreign workers as part of government efforts to strictly regulate foreign nationals.
According to a report from the Ministry of Labour and Social Welfare, some 24,000 foreign workers were registered over the last year, mostly Vietnamese, ….
Lao outbound travellers made more than 3.05 million trips in 2016 and more people are suggested to have made longer-distance trips in foreign countries, the latest statistics showed.
Though 2016’s figure slightly decreased from more than 3.06 million trips and the 3.3 million trips recorded in 2015 and 2014 respectively, the number of Lao nationals travelling by planes increased to the ….
The International Monetary Fund (IMF) has predicted that Laos’ Gross Domestic Product (GDP) will grow at 6.8 percent this year, less than the government’s projected rate of 7 percent.
The IMF Executive Board concluded the Article IV consultation  with Laos recently, describing Laos’ challenges in dealing with the current account deficit, falling foreign currency reserves, and growing ….
The government has agreed in principle to a plan to build a 14-km expressway linking Vientiane city centre to the outskirts in Xaythany district, in a bid to ease congestion.
The project was agreed to at the government’s monthly meeting for February held last week at the Prime Minister’s Office when the concept of the multimillion US dollar project was presented and discussed ….
Economists have expressed concern over non-performing loans (NPL) that banks have given to the private sector.
Bankers said NPLs are currently higher than the rate of 3 percent set by the Bank of the Lao PDR, which could have negative impacts on financial and economic stability.
A senior banker who asked not to be named said the rising NPL rate is linked to ….
Laos should increase its revenues by broadening the tax base, reducing exemptions, and strengthening tax administration, the International Monetary Fund (IMF) said in its Article IV Report for the country.
The IMF said the country’s authorities have taken some important measures recently, including improving the …
Prime Minister Thongloun Sisoulith has stressed for land to be the main focus of transportation development in the country, calling for careful decisions on every water and air transportation project.
He praised the sector for their achievements made over the past forty years or more, which he says has seen huge differences in infrastructure development in comparison to the time ….
Property investors are currently drawing up a law that will call on the National Assembly (NA) to consider foreigners to be able to purchase apartments, according to officials in the sector.
Under the Investment Promotion Law that was put into effect in 2014, foreigners with a registered investment of US$500,000 can own a plot of residential land but officials from the Ministry of Planning and Investment say they have found it difficult to enforce the ….
WITH agriculture in Laos improving year by year, a new farm in Vientiane called the Lao Dairy Farm is carving out a sizeable share of the fresh milk market. Its main selling point is that the quality of its pasteurised milk is as good as imported brands.
The farm is located in Naxineua village, Naxaithong district. It keeps a variety of ….
Despite Laos officially performing well overall economically in 2016, some large firms still face major hurdles in doing business, according to a leading corporate executive.
General Manager External Affairs, PanAust Ltd./Managing Director PBM Ltd., Mr Richard Taylor, made the comment recently in an article posted on the professional social media site LinkedIn.
His article detailed three key issues that would shape 2017 for both Laos and Myanmar, which have ….
The Ministry of Posts and Telecommunications in cooperation with four other ministries and the Bank of the Lao PDR recently approved a decision on postal service prohibitions.
The decision specifies regulations and measures concerning the prohibition of certain items, to prevent the sending and receiving of illegal goods by mail and ensure that postal operations are ….
Prime Minister Thongloun Sisoulith has pledged to find solutions to the many land issues that have emerged and the government has formed a taskforce committee to investigate the problems and resolve them.
The committee will investigate land concessions, the transfer of land use rights in various cases, implementation of ….
Director of the Department of Civil Aviation (DCA) Mr Vanpheng Chanthaphone and Vice President of the Swiss NGO PACTEC International Mr Gerald Bourgeois last month gave the first professional pilots trained in Laos their wings.
The six students – including one young woman – started their training at the Civil Aviation Flight Training Centre (CAFTC) in Vientiane in ….
The construction of garment factories in Laos has continued only gradually this year as the industry is still struggling to source workers to supply its factories, according to an official related to the sector.
Vice President of the Association of the Lao Garment Industry, Dr Xaybandith Rasphone explained that the construction of garment factories is expected to proceed slowly again this year as it ….
A Queensland citrus grower has taken on the extraordinary challenge of helping develop a brand new citrus industry in Laos, South-East Asia.
Ironbark Lao general manager Sue Jenkins and her husband Allan have a well-established orchard in Mundubbera in the North Burnett. Ms Jenkins said she was looking for a new career challenge and a way to give …..
Prime Minister Thongloun Sisoulith on Tuesday handed in his BMW 7 Series, following up on a promise made by the country’s leaders that they will no longer drive expensive luxury vehicles in an attempt to exercise frugality.
President Bounnhang Vorachit, who is Secretary General of the Lao People’s Revolutionary Party, was also expected to give back his BMW 7 Series yesterday, an official at the ….
The electricity supply in various special and specific economic zones has been stable, enabling factories to operate smoothly, a minister has said.
Minister of Energy and Mines Dr. Khammany Inthilath outlined the situation to local media recently. He admitted that foreign investors, notably Japanese and Korean companies who were considering shifting their production bases to Laos, had inquired about ….
Numerous officials at the central and local levels have been found to have been involved in corrupt conduct which has resulted in a huge loss of financial resources.
The activities were revealed by the State Inspection Authority (SIA) when reporting on the results of their inspections over the past year. Some officials from the agriculture sector in Saravan province were involved in document forgery, defrauding the state of …..
The International Finance Corporation (IFC), a member of the World Bank Group, is working with the Bank of the Lao PDR (BOL) to reform its credit-reporting framework.
This is part of a wider effort to improve the country’s financial infrastructure, facilitate lending for smaller businesses, and boost economic ….
The Vientiane People’s Council has approved a proposal for the construction of a 14-km highway submitted by city authorities in a bid to ease traffic congestion.
The six-lane highway will be built parallel to Kaysone Phomvihane Road.
The planned road will be 70 metres wide and run from the Lao International Trade Exhibition and ….
Asia’s smallest economies are growing faster than giants like China, according to the World Bank.
Laos, Cambodia and Myanmar will post the most rapid expansions in Asia after India from 2017 to 2019, sustaining growth rates of close to 7 percent, according to forecasts released this week. Among the least developed countries, the combined size of the three economies is less than $100 billion, about a third of …..
With the future of U.S.-China relations an open question for the incoming Donald Trump administration, many have focused on whether the president-elect’s promise to withdraw from negotiations over the Trans-Pacific Partnership (TPP) will enhance Beijing’s growing influence in East Asia. But rather than hand-wringing over TPP’s ignominious failure, Asia watchers should turn their attention to …..Read more
Public debt that has been accumulating for years to the present high level will be considerably lowered in five years’ time, Prime Minister Thongloun Sisoulith has said.
“Debt has been heavily accumulated over the past years. It will take us at least five years to allocate [funds for repayment] and overcome the debt,” he told a recent meeting in Vientiane, which gave instructions on ….
As Laos struggles to ensure prompt payment of state workers’ salaries, government employees in some areas are forced to spend half their working hours at private work, threatening the efficient functioning of their departments, sources say.
Speaking to RFA’s Lao Service on condition of anonymity, a community development expert based in the capital Vientiane said that government officials in ….
With a gross domestic product (GDP) averaging 7 per cent since 2000, the Laos economy is among the fastest growing in Asean. Despite this, in recent years the Laos economy has trended downwards. Amid global economic uncertainty, it remains to be seen how Laos will manage its macroeconomic policies and export diversification strategy.
The Laos economy is estimated to grow by 6.8 per cent in 2016, partly due to the …..
Top Lao officials will have to give up the keys to their government-purchased BMW and Mercedes Benz automobiles as the politburo has decided that they can drive cheaper Toyotas instead.
The move comes as Lao Prime Minister Thongloun Sisoulith attempts to reign in corruption in the impoverished nation where high-raking officials have used the …..
The number of entrepreneurs registering businesses in Laos declined by 13 percent over the past 10 months of this fiscal year compared to the same period last year.
According to a recent government report, the number of registered businesses reached 1,666 units from October 2016 to May 2016 with registered capital amounting …..
Prime Minister Thongloun Sisoulith says he wants to end the Lao government’s policy of bartering land for development, in a reversal of a long-term practice that has seen large swaths of the country go to foreign-backed investors.
“The business sector should not convince the governmental sector to create debts for the nation,” Thongloun told the Lao version of the chamber of commerce earlier this month. “In recent years, many big development projects, including ….
From December 31st immigration checkpoints at land border crossings into Thailand will only allow visitors to enter the Kingdom on a visa exemption stamp twice in a calendar year, bringing an end to the much used loophole of staying in the country by doing back to back border hops.
Citizens of certain countries, including ….
The government has instructed its anti-corruption body to work out necessary measures and carry out inspection to fight against corruption in all forms.
Chaired by Prime Minister Thongloun Sisoulith, the meeting entrusted a committee in charge of debt payment for state investment projects to draw up measures for debt payment so that ….
Prime Minister Thongloun Sisoulith will officially launch the start of construction for the Laos-China railway project at a ceremony on December 25.The ceremony to kick off railway construction will take place in Luang Prabang district’s Phonxay village where a railway bridge spanning the Mekong River will ….Read more
The total value of goods, imports and exports to Laos is expected to see an overall trade surplus of an estimated US$73 million at the year’s end, with data currently available for the first nine months of 2016.
The value of exports is expected to reach US$4.081 billion or 10.29 percent over the plan while the value of imports is expected to reach US$4.008 billion, or 76 percent of the plan, according to ….
Laos is a resource rich economy in terms of mining and hydropower, although there have been very few studies on the matter, and the Lao government has not yet designed relevant policy options for managing the country’s resources.
To promote broad-based growth in Laos, it is important to consider the policy options, according to the ….
Prospects for the mining sector in Laos remain unclear as members of the national legislature mull a more interventionist approach to operators with relevant labor， taxation or environmental laws.
A National Assembly legislator said Monday that Prime Minister Thongloun Sisoulith is even considering a “halt to mining operations …..
Balancing the available workforce with the reality of the job market, which includes hiring workers for new jobs and reshuffling officials into new positions, has fallen far short of the annual target, the government told the National Assembly recently.
Only 48,236 people were placed in new jobs over the first 10 months of the 2015-16 fiscal year, representing just 33.68 percent of the ….
Poverty reduction has slowed a little but the government will strive to reduce the number of poor families from 6.56 percent in 2016 down to 6.09 percent by 2017, the government has told the National Assembly.
There are four main reasons for the slower rate of poverty reduction, Minister of Planning and Investment Dr Souphanh Keomixay told the ongoing ordinary session of parliament when he presented a …..
Trillions of kip have been lost due to the continued violation of financial regulations by ministries, government agencies, and state enterprises.
These include losses due to tax discounts and exemptions on the import and export of goods, the illegal transfer of state property, and other financial …..
Illegal financial institutions that have sourced funds by offering abnormally high interest rates will face legal measures, the governor of the central bank has warned.
Governor of the Bank of the Lao PDR, Dr Somphao Phaysith, told the ongoing ordinary session of the National Assembly (NA) that 24 institutions have been found acquiring deposits illegally. He said the bank has issued a notice instructing these institutions to …..
The Ministry of Industry and Commerce on Tuesday announced that fuel prices would rise across the country as from yesterday.
In Vientiane the cost of premium grade petrol will rise from 8,350 kip to 8,500 a litre, regular petrol will increase in price from 7,350 kip to …..
The government’s proposal to revise the next four-year budget plan (2017-2020) will see the budget deficit increase to 4.39 percent of gross domestic product (GDP), up by 0.32 percent compared to the four-year plan approved earlier by the National Assembly (NA).
Deputy Prime Minister and Finance Minister Somdy Duangdy presented the proposed plan to the ….