Laos Issues Tax Obligations for Non-Resident E-commerce and Digital Platform Providers, Joins Other ASEAN Markets

Under the new rules, non-resident e-commerce and digital platform providers must register for a tax identification number (TIN) via an online portal to file and pay their taxes. Further, they must register and pay value-added tax (VAT) if their annual revenue meets a certain threshold.

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Labour Ministry To Set Up Worker Database

A Labour Registration and Data Platform will be set up in Vientiane for the compilation of information concerning both Lao and foreign nationals working in Laos.

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Foreign Currency Deficit Among Economic Challenges Confronting Laos

Laos’ overall balance of payments situation is negative despite a trade surplus of US$1.32 billion in 2021 because foreign exchange inflows represent only 26.45 percent of the total export value.

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Work On Vientiane-Vung Ang Railway Expected To Start In November

The railway, estimated to cost US$5 billion, is a proposed line that the Lao and Vietnamese governments have agreed to jointly develop. It would enable landlocked Laos to access the deep seaport – the closest feasible seaport to Vientiane.

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Exim Bank ‘Reckless’, Sought ‘Collateral Advantage’ When Selling Don Chan Palace Hotel, Rules Court

The properties included the Don Chan Palace Hotel, a 5-star international hotel constructed on a swathe of land measuring almost 176,000 sq metres along the Mekong River in Laos valued at US$140 million.

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Measures To Free Stranded Trucks, Rail Transport To China Outlined  

Lao authorities will ask their Chinese counterparts to consider reopening more border crossings to allow trucks carrying goods to enter China as hundreds remain stranded at the Boten-Mohan crossing on the Laos-China border.

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BOL Issues Licences For Cryptocurrency Exchange Platforms

The Bank of the Lao PDR (BOL) has issued licences authorising two companies to trade in cryptocurrencies, namely Lao Digital Assets Exchange (LDX) and Bitqik.

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Green Travel Zones Of Laos Ready To Welcome Visitors

Several tourist sites located within green travel zones in provinces across Laos are ready to welcome visitors from next month under “new normal” conditions amid the Covid-19 pandemic.

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Korean Company To Carry Out Feasibility Study For Upgrade Of Luang Prabang International Airport

The government has given the green light to the Korea Airport Corporation (KAC) to carry out a feasibility study for the upgrade of Luang Prabang International Airport

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New Roadmap To Drive Sustainable Wood Production, Exports

A new export roadmap for the wood processing sector will promote sustainable wood production and the export of wood products through the inclusion of more value-added products.

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Laos Could Lose Millions With Closure Of Boten Border Crossing

Laos may lose millions of dollars from lost exports to China now that Chinese authorities have closed the Boten International Checkpoint, a major travel and trade route between the two countries.

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Govt Pledges To Diversify Energy Sources To Minimise Imports

The government has vowed to diversify its sources of energy by developing solar, wind power and coal-fired power plants to address the electricity shortage in the dry season.

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Ministry Mulls Route Of Vientiane-Vietnam Expressway

The government is discussing the planned route of an expressway running from Vientiane through Xaysomboun, Xieng Khuang and Huaphan provinces to the Vietnamese border.

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Govt Extends Covid Controls But Keen To Open Schools, Factories

The government has in general extended Covid-19 control measures for another 15 days but has lifted some restrictions in order to ease the economic impacts, such as the reopening of more schools and factories.

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New Bokeo International Airport Expected To Be Completed In Months

The construction of new Bokeo International Airport with capability of accommodating 200-seat aircraft such as Airbus A320, Boeing 737 and ATR-72 is expected to take a few months to complete.

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Laos Enlists Japan Startup For Study On Digital Currency

Laos will explore issuing its own digital currency with support from a Japanese financial technology startup that was involved in a similar effort by Cambodia

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Vientiane-Hanoi Expressway Under Study

The Lao and Vietnamese governments are considering the feasibility of building an expressway linking Vientiane to Hanoi, with assistance from the government of Japan.

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Opening Of New Office Building At J&C Group

Just after only 3 months of construction, the J&C Group teams were able to move into modern and bright offices. The new office building are designed to accommodate the various companies operating under the J&C Group umbrella.

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World Bank To Support Land Administration, Titling In Lao PDR

Land holders across Lao PDR, including some of the most vulnerable households, are expected to benefit from improved land administration and titling thanks to a project approved by the World Bank this week.

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J&C Insurance Brokers Recognized At Insurance Asia Awards 2021 As Broker Of The Year – Laos

Insurance Asia honours the most exceptional companies putting out solutions and delivering outstanding value to its stakeholders as it awarded over 100 insurance companies from 24 countries at the sixth Insurance Asia Awards.

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J&C Insurance Brokers To Provide Contractor’s All Risk Insurance For The New Korean Embassy!

The Korean government through Samwhan Lao Sole Co., Ltd trusts the professionalism and the high-end services provided by J&C Insurance Brokers.

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More Workers Needed For Lao Garment Industry

The garment industry in Laos requires more workers, both skilled and unskilled, with almost all garment factories in Vientiane now reopening as lockdown restrictions are lifted.

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Covid Restrictions Extended, Some Lifted To Ease Economic Impacts

The surge in imported cases of Covid-19 has prompted the government to extend the virus control measures outlined in Prime Ministerial Order No. 15 for another 15 days until August 3.

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Nam Theun 2 Shareholders, Govt Partner In World’s Largest Hybrid Floating Solar Project

The government and shareholders in the Nam Theun 2 hydropower plant have agreed to develop Nam Theun 2-Solar, the largest hybrid floating solar project in the world.

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First Laos Green Coffee Competition is Underway

The first green coffee competition ever to take place in the Lao People’s Democratic Republic is underway, part of a broad multi-stakeholder effort to boost the country’s agricultural sector and forge international market connections.

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State, Private Sectors Set Up Joint Venture Dry Port Company To Develop Lao Logistics

A joint venture agreement was signed in Vientiane on June 10 to establish Thakhek Dry Port Co Ltd, which will develop “Thakhek Dry Port” as a gateway for international goods and encourage Laos to become a regional and international logistics service centre.

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Laos Govt Approves Vientiane-Pakse Expressway Route Selection

The Lao government has recently approved the route selection for Vientiane-Pakse Expressway Project recommended by a Chinese engineering company.

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Vientiane-Pakxe Expressway Awaiting Govt Approval

Construction of the Vientiane-Pakxe expressway will go ahead after the government gives the green light for the proposed route, when feasibility studies on all sections of the highway will begin.

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Govt Tightens Travel Restrictions In Red Zones

The Ministry of Health has instructed authorities in 18 provinces to classify areas of Covid-19 outbreak into colour-coded zones as part of efforts to control the spread of the virus.

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Covid-19 Rules Updated, Some Strengthened, Others Eased

The government has intensified Covid-19 prevention and control restrictions, while easing some where appropriate, as it extends measures to contain the outbreak for another 15 days until June 4.

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Korea Airports Corporation To Enter Korea’s First Airport Development Project In Laos

The Ministry of Planning and Investment of Laos selected Korea Airports Corporation as a feasibility study provider for the Luang Prabang airport development project.

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Authorities Mull Policies To Ease Impacts Of Covid-19

A number of policies are being considered to mitigate the effects of the ongoing Covid-19 outbreak on the economy and people’s livelihoods.

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J&C Insurance Brokers Awarded Agent Of The Year 2020

Once again rewarded as ‘Agent of the Year’, J&C Insurance Brokers was in 2020 performing at the highest level thanks to the support of the APA Insurance’ products!

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J&C Insurance Brokers Awarded Top Agent of Forte-Toko Assurance 2020

During the recent annual agent/broker celebration held by Forte-Toko Assurance, J&C Insurance Brokers was rewarded as Top Agent 2020.

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Ministry Seeks Changes To Expressway Toll, Currency Exchange Rates

The Investment Promotion Department of the Ministry of Planning and Investment has advised the Laos-China Joint Expressway Development Co., Ltd. to revise the toll rate currently charged for pick-up trucks and also the dollar-kip exchange rate

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Lao Economy Set to Recover If Threats Can Be Contained

While economic growth in the Lao PDR contracted in 2020 for the first time in over two decades, the economy is set to recover in 2021 and in the medium term, provided the impact of the COVID-19 pandemic is contained and business can resume with trading partners

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Unemployment In Laos Soared By 20 Percent In 2020

The unemployment rate in Laos skyrocketed to 20 percent in 2020, a 10.6 percent increase compared to the figures for 2017, and the global Covid-19 outbreak was the main factor for the sharp increase in the number of jobless in the country.

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