Private investment prospects in Laos remain robust despite the nation’s drop in ranking on the World Bank’s Ease of Doing Business Index, according to a government report.Read more
Small and Medium Sized Enterprises (SMEs) in Laos must prepare for a new challenge when the government enforces the Law on Value Added Tax (VAT) next year.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
Revenue collected over the past 10 months of the 2015-16 fiscal year has accomplished only 74.52 percent of the set annual plan approved by the National Assembly, according to financial officials.
The revenue shortfall has further escalated budgetary tensions, creating greater concerns for the government to seek more funding to meet expenditure needs.
Economists worried that the failure to collect the ….