Category Archives: Lao Economy

Salary Delays Slow Government Work in Laos

Salary Delays Slow Government Work in Laos

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 …. Continue reading

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Tight Grip & Diversification Needed for Laos Economy in Uncertain Times

Tight Grip & Diversification Needed for Laos Economy in Uncertain Times

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 ….. Continue reading

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Lao Politburo Forces Officials To Give Up Their Luxury Cars

Lao Politburo Forces Officials To Give Up Their Luxury Cars

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 ….. Continue reading

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Number Of New Entrepreneurs Drops

Number Of New Lao Entrepreneurs Drops

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 ….. Continue reading

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Lao Prime Minister Moves To Stop Land-for-Capital Deals

Lao Prime Minister Moves To Stop Land-for-Capital Deals

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 …. Continue reading

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Expats In Laos Limited To Two Entries Per Year Without Visa: Thailand

Expats In Laos Limited To Two Entries Per Year Without Visa: Thailand

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 …. Continue reading

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