Slower Growth Projected For Lao Economy: World Bank
Economic performance in Laos could be compromised by slowing global demand, rising debt, and a reliance on short-term economic fixes to cushion against food and fuel price increases
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Investments
Govt Pledges To Tackle Public Debt, Price Increases
The government has vowed to further address mounting public debt and the vulnerability of the macroeconomy to prevent the country from being dragged into default.
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Laos, Thailand, China To Build New Railway Bridge For Freight
Laos, Thailand, and China are thinking about building a new railway bridge, running parallel to the first Lao-Thai friendship bridge
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Economic Recovery In Laos Delayed Due To Rising Prices, Supply Disruptions: ADB
The Asian Development Bank (ADB) has lowered its 2022 economic growth outlook for Laos to 2.5 percent from 3.4 percent projected in April and to 3.5 percent from 3.7 percent for 2023.
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PTT Focuses On Sustaining Its Business Operations
The company’s policy is linked to the unfavourable global economic outlook and continuing depreciation of the kip, which are impacting on businesses in Laos.
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Innovation Through Collaboration
DiscoverLaos and J&C Group have recently formed a new strategic partnership
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Laos-China Rail A Boon For Thais
Cross-border tourism flows increase, and fresh goods exports find new markets
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Major Thai Agencies Predicting Repeat of Bangkok’s “2011 Great Flood” – City Will Disappear Altogether By 2100 Unless Govt Acts
Some of the direst warnings in more than a decade have been issued from two major Thai sources regarding severe flooding this year in Bangkok, the Thai capital.
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Fitch Plans To Withdraw Ratings Of Laos
Fitch Ratings plans to withdraw the ratings on Laos in approximately 30 days from the date of this commentary for commercial reasons.
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Claims Of Default In Laos Are Bankrupt
Geo-economic factors mean that the concerns about Laos defaulting are unrealistic.
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Ride-Hailing Firm’s EV Answer To Inflation In Laos
“The EV is one of the keys to fight inflation,” Loca chief executive Souliyo Vongdala tells the Straits Times.
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Govt To Reform Lao Airlines
The government has set up a committee to carry out business reforms in the state-owned Lao Airlines to ensure that the national flag carrier becomes self-sustained in financial management.
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Lao Commerce Ministry Registers Rise In New Businesses
Retail and wholesale outlets together with car and motorbike repair businesses accounted for 29.4 percent of all new business registrations in the first six months of 2022.
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Luang Prabang Is Top Favourite With Thai Tourists
The town of Luang Prabang, which is renowned for Unesco’s listing of its old quarter as a world heritage site, has seen 90 per cent of room reservations made by Thai visitors since Laos lifted all entry restrictions in May.
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Laos Welcomes 42,197 Tourists In First Six Months Of 2022
Laos has seen a surge in the number of visitors following the lifting of travel restrictions in January as the Covid-19 pandemic subsided.
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Inflation In Laos Rises To 25.6 Pct In July
The higher prices of fuel and consumer goods and the continuing depreciation of the Lao currency kip are among the main factors driving the inflation.
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Association: Fuel Supply Will Be Normalised In The Near Future
The government is holding talks with the Lao Fuel and Gas Association over the possibility of importing another shipment of fuel, as it is expected that current stocks will be depleted by the end of this month,
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Laos Plans To Import Fuel From Saudi Arabia
The Lao government is committed to ensuring that sufficient supplies of fuel are provided to meet public demand and boost economic growth after a countrywide fuel shortage in May and June caused widespread disruption.
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Laos Among Countries With Highest Inflation In SE Asia
Laos has one of the highest inflation rates in the region, with the price rise recorded 23.6 percent year-on-year in June, according to ADB
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Rail Operator Increases Train Services
The lack of seats and the difficulty in obtaining tickets led passengers to make complaints on social media about the problems encountered, with many people having to wait for hours in long lines to buy tickets. This forced the company to expand its services.
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Will Laos Be Sanctioned For Embracing Russia?
The West has pressed Laos to ditch Russia and support its sanctions but the SE Asian nation has stayed true to its old Cold War ally
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Section II Of Lao-Thai Railway Delays Opening
The Phase II of the project comprises a 7.5km extension of the railway from the Thanalaeng station at the Thai border to the Vientiane station.
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Govt Pledges To Stabilise Macro Economy
The government pledged to ensure sufficient fuel is available by pursuing market-based mechanisms, saying this would minimise damage to the economy and small-scale commercial production.
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Just Scan To Pay: S’pore And 4 SEA Countries To Link QR Code Payments By Nov, Bypassing USD
The central banks of five Southeast Asian (SEA) countries have agreed to link their payment systems by November of this year, in order to allow for easier transactions for travellers within the region.
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Soaring Prices Put Squeeze On Low-Wage Earners
The year-on-year inflation rate hit 23.6 percent, the highest figure ever recorded since May 2000.
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Developing Asia’s Economic Outlook Downgraded As China Growth Slows
The Asian Development Bank (ADB) has lowered its economic growth forecast for developing Asia including Laos to 4.6 percent this year, from 5.2 percent projected in April.
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Laos Dam Leaks Normal, Says Thai Partner
Reported leaks at the sides of the Nam Theun 1 Hydropower dam under construction in Laos were not a cause for concern and were normal when a dam began storing water
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Chinese Investors Buy Up More Land In Laos
Land surrounding a new railway station in the capital is in high demand, sources say.
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Laos To Raise Minimum Wage From August 1
The monthly minimum wage in the country will be increased to 1.2 million kip (US$78) starting on August 1.
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Why China Can’t Let Laos Default
Laos faces intensifying economic and financial crises and there is likely no way out without some form of a Chinese bailout or debt forgiveness.
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Why A Monopoly Like The Lao Electricity Company Is Making Losses
Electricite du Laos (EDL), a monopoly company which should generate a significant amount of revenue from its dominance in the energy market, has been operating at a loss for many years and has accumulated huge debts.
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Inflation Hits 22-Year High Of 23.6 Percent
The inflation rate in Laos hit 23.6 percent year-on-year in June, the highest figure ever recorded since May 2000 as surging prices of energy and consumer goods continue to deepen hardship and create new pains for the Lao public.
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New Rail Link To Speed Up Logistics, Transport Operations
A track change station was officially opened at the Vientiane Logistics Park on Friday, creating an official link between the Laos-China Railway and the Laos-Thailand Railway.
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PM: Embezzlement, Lax Management Key To Losses By State Enterprises
Embezzlement by executives and staff, combined with poor management, are the main reasons for the chronic losses suffered by state enterprises, the Prime Minister has told the National Assembly (NA).
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PM: Govt Mulls Curbs On Imports To Save Foreign Currency
The premier said changes to the quantity of vehicles, alcoholic beverages and other imported luxury items would be considered, so that shrinking foreign currency reserves could be kept for essential goods.
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Laos Installs New Central Bank Chief, Limits FX Sales
Laos lawmakers on Monday approved the appointment of a new central bank chief and two deputy prime ministers
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Laos Gives Green Light For Investment In EVs
The government’s policy for promoting EVs includes zero percent tariffs, an excise tax of only three percent and a value-added tax of seven percent in order to lower the prices of EVs
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Looming Debt Crunch Positions Laos As Next Possible Asia Default
Source: Bloomberg Laos, with dwindling cash reserves and surging inflation, is facing some of the same strains that pushed Sri
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Govt Eyes 4.4 Percent GDP Growth Despite Economic Woes
The Lao government will aim for Gross Domestic Product (GDP) growth of at least 4.4 percent over the last six months of this year
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State Enterprise Reform: Some Now Profitable, Others Dissolved
Two banks previously owned by the state and which suffered chronic losses have begun making a profit following major reforms that saw a 70 percent stake in the banks sold to local investors
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China-Laos Railway Extending Through To Thailand
Expansion of the route makes Thailand a ‘China Plus One’ Option
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Central Bank Tightens Monetary Policy
The move is aimed at reducing the amount of money in circulation and curbing the spiralling inflation rate, which was recorded at 9.9 percent in April.
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What’s Causing The Currency Crisis In Laos?
Mounting foreign liabilities and thin foreign exchange reserves have left the nation of 7 million acutely vulnerable to global financial shocks.
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Thailand’s Personal Data Protection Law Comes Into Force On June 1
The law will provide assurance to members of the public that their personal data will be protected and will not be used by unauthorised people.
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Laos To Benefit As Pfizer Slashes Drug Prices For Poorest Nations
Pfizer Inc plans to sell its entire portfolio of brand-name drugs at cost in as many as 45 lower-income countries, including Cambodia and Laos, one of the most comprehensive and ambitious drug-access programmes ever announced by a large pharmaceutical manufacturer.
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Armed Robbers Attack Woman In Sikhottabong, Vientiane
The use of guns to commit crimes in Vientiane is becoming increasingly common, with most incidents occurring at night.
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Fuel Shortage Soon To Be Resolved, Lao Govt Says
The government says the fuel crisis will be resolved in the near future as it will provide Thai baht and US dollars to fuel importers by authorising additional foreign currency payments to oil companies so they can import more fuel.
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Lao Economy Grinding To A Halt As Fuel Crisis Deepens
A plummeting currency, dwindling foreign reserves, and a spike in global oil prices have led to shortages across the country.
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Businesses And People Hit By Depreciating Local Currency
The value of the Lao kip has dropped significantly since last year against the backdrop of volatility in the global fuel market due to the Russia-Ukraine conflict.
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J&C Insurance Brokers Awarded Top Selling Agent 2021
Named as ‘Top Selling Agent’, J&C Insurance Brokers was recognized for their exceptional performance in 2021 – by Lanexang Assurance!
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Fuel Shortage Causing Hardship For Lao People
Fuel shortages forced petrol stations in Vientiane and some provinces to close on Monday, with many of desperate motorists going from one station to another in the hope of filling up their tanks.
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Inflation Rate Closes In On Two Digits
The year-on-year inflation rate in Laos surged to 9.9 percent in April, the highest figure recorded since January 2016
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Govt Agrees In Principle To Raise Minimum Wage
The government has agreed in principle to increase the minimum wage in a bid to ease the hardships suffered by many people amid the rising cost of living.
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Laos Records Trade Surplus Of US$100 mn In March
Laos registered record two-way trade of US$1,100 million, including exports of US$600 million and imports worth approximately US$500 million, in March, resulting in a trade surplus of US$100 million.
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LoudChat: Laos Launch First Communication App
LoudChat, Laos’ first communication app was launched last week by the Ministry of Technology and Communications and Sirichalernxay Sole Co., Ltd.
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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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Inflation Jumps To Record High
The year-on-year inflation rate in Laos surged 8.5 percent in March, even more than expected, and rose to the highest figure recorded since January 2016.
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Govt To Mull Cut In Excise Tax To Reduce Price Of Fuel
The government will consider cutting or even waiving excise tax on the price of imported oil, to reduce skyrocketing prices at petrol stations.
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World Bank Downgrades Lao Economic Growth Rate To 3.8 Percent
Laos’ economy is projected to expand by 3.8 percent in 2022, down from the 4.5 percent growth rate predicted in October last year, and 3.3 percent in the downside scenario, according to the World Bank’s latest report.
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Lao Govt Mulls Full Reopening For Foreign Tourists
The government is mulling full reopening of the country to foreign tourists after piloting the first phase of partial reopening for targeted groups of visitors.
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Low Minimum Wage Causing A Worker Shortage
The Lao Federation of Trade Unions (LFTU) has called on businesses, including garment factories, to pay workers the increased minimum wage, which rises from 1,100,000 kip to 1,500,000 kip per month this year.
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Inflation In Laos Higher Than GDP Growth
Inflation in Laos has surged higher than the projected rate for the Gross Domestic Product (GDP), sparking fears among many people regarding the impact on their living standards.
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Laos Fragrance Brand Scents Success In Hugely Competitive Market
Laos’ first perfume brand HSMM Fragrance launched two new scents – “Lady of Lao” and “Black Intense” – at the 2021 Outstanding Entrepreneurs “Made in Laos” Award ceremony held in Vientiane la
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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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Inflation Jumps To Six-Year High Of 7.3 Percent
The year-on-year inflation rate jumped to 7.3 percent in February, the highest figure recorded in Laos since January 2016.
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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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Global Fuel Price Hike Affecting Oil Supply In Laos
The rise in price of imported fuel means that retail prices in Laos will inevitably continue to rise.
The price of oil is factored into the cost of production, meaning that product prices will also rise.
Laos Power Plant Deals In The Pipeline
Developers and operators of four hydroelectric power plants in Laos will sign power purchase agreements with energy policymakers in Laos and Thailand within May under a plan to promote more renewable energy.
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Fuel Price Hike Impacts Flights, Regular Transport Services Unchanged
Lao Airlines – the national flag carrier – has decreased domestic flights to balance its revenues and expenditure.
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Imperial Tobacco Accused Of Cheap Laos Product Deal
Imperial Tobacco has been accused of allowing a trade in cheap cigarettes in Laos through a special deal with the country’s government.
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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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Fuel Prices, Currency Depreciation Drive Up Inflation In Laos
Fuel prices have increased six times in a period of just two months and 10 days, sparking greater concerns about the rising cost of living in Laos.
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Lao Govt Sets Ambitious Trade Surplus Target
The government is aiming for a trade surplus of at least US$1.55 billion this year, despite the country’s economic difficulties triggered by the Covid pandemic.
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Minimum Wage Hike Still Problematic
Attempts to increase the minimum wage are meeting with resistance because of the impacts on businesses caused by the Covid-19 pandemic.
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Tensions Among Truckers On Laos-China Border Again Erupt Into Fistfights
The latest melee began after a Chinese trader cleared the way for his Lao driver to cut ahead in line.
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New Affordable Treatment Available For Covid In Laos
A drug to treat Covid-19 in Laos will soon be available in the form of Molacovir, at a relatively cheap price and with guaranteed quality.
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Laos’ Expensive Gamble On Electricity May Dim Its Economic Future
Laos took on huge debt to become the “Battery of Southeast Asia,” but sales are not as robust as hoped.
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Lao Govt Launches Online Visa Application Portal As Covid Curbs Eased
The Lao government has launched an online visa application portal to ease entry procedures for foreign nationals and Lao nationals living overseas.
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Inflation Rate In Laos Hits Highest Point In 2 Years
The year-on-year inflation rate in Laos jumped to 6.25 percent in January, the highest figure recorded since January 2020.
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Laos-China Railway To Operate Additional Train
The Laos-China Railway Company has announced it will operate a slower-speed train in addition to the two existing high-speed EMU trains to meet the growing needs of passengers.
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Rising Inflation Sparks Public Concern
In the past 42 days, fuel prices have risen four times, causing heated debate among members of the public who are increasingly concerned about the spiralling cost of consumer goods.
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Laos Records Trade Surplus Of US$41 Million In January
Laos recorded a trade surplus of US$41 million in the first month of this year, with China continuing to be the country’s largest export market.
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Rail Operator Asks For Government’s Help To Resolve Problems
LCRC also asked the government to counter negative publicity concerning the railway as well as for assistance with other issues
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Huge Truck Backlog At Chinese Border Due To Covid Screening
Hundreds of trucks loaded with goods are stranded at the Boten-Mohan crossing on the Laos-China border, with strict Covid screening procedures causing long delays.
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NTP Launches Free Fuel Delivery Service
The Ministry of Industry and Commerce has authorised NTP Public Company to launch a free-of-charge fuel delivery service so that members of the public can receive the best service and cut travel costs, amid record high fuel prices.
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Laos Recorded Trade Surplus Of US$1 billion In 2021
China topped the list of five main countries for exports with a figure of US$ 2,221 million, and the others were Thailand (US$ 2,187 million), Vietnam (US$ 1,220 million), Australia (US$ 348 million), and Switzerland (US$ 116 million).
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Lao Authorities Rescue Women Trapped In Chinese-Run Economic Zone
Some women who could not pay off debts they owed to their employers were forced into prostitution.
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Laos Has Second Highest Inflation Rate In Asean
Laos is suffering from one of the highest inflation rates in the region, raising concerns as the population suffers from financial hardship
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Japan Pledges US$8.78 Million For Early Warning Systems
The government of Japan has agreed to provide 1 billion yen (US$8.78 million) to install weather-related early warning systems in six provinces of Laos.
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Laos To Raise Monthly Minimum Wage To $134
Policymakers in Laos are studying a proposal to rise the country’s minimum wage as inflation and an increasing cost of living bites particularly low-earners
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Inflation In Laos Jumps To Highest Point In 15 Months
The prices of goods and services in Laos continue to rise at a rate unseen since August 2020, increasing by 5.27 percent in December last year when compared to the figures for the same period in 2020.
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Govt Vows To Slash Red Tape, Boost Revenue
The government has pledged to remove barriers that hinder business operations in Laos while speeding up bitcoin mining by authorised companies.
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Lao Govt Bans Import Of Cattle, Pigs, Goats, Chickens, Freshwater Fish And Other Agricultural Products
The government has banned the import of certain types of agricultural produce, livestock and fish, aimed at spurring the farming of these crops and animals in Laos to boost the economy and generate more revenue for farmers.
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Thai Company To Spend US$1 billion On Lao Smart City
Amata Corporation, a major industrial estate developer in Thailand, plans to invest US$1 billion in the construction of the Amata Smart and Eco City in northern Laos.
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Phongsavanh Group Breaks Ground For Smart City Development Project
Phongsavanh Group Co., Ltd. (PSVG) on Thursday held a groundbreaking ceremony to start construction of a model modern city project named ‘the Smart City Development Project’ at the Vientiane Industry Zone.
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Declining Coffee Production In Laos Needs Urgent Attention: LCA
The Lao Coffee Association (LCA) is worried about a steep decline in coffee production and a gradual increase in prices of the commodity.
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World Bank Optimistic About Growth Of Lao Economy
The World Bank has predicted that Laos will see economic growth of 4.5 percent in 2022 and 4.8 percent in 2023 despite projected slower growth of the global economy.
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Laos Sees Rise In Trade Value, But Deficit Persists
The total value of goods imported and exported by Laos in December rose to over US$1.1 billion
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S. Korea’s EDCF Funds The Construction Of UHS Hospital In Laos With Consultancy Support From SNUH
The new hospital will enhance Laos’ health and medical environment as well as provide professional training and health research.
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Govt Inks Deal On Electronic Civil Management System
The government is developing an electronic civil registration and vital statistics system to increase capacity to collect demographic statistics and produce and disseminate reliable and timely socio-economic and poverty information.
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J&C Group Celebrates Successful Year By Awarding Team Members
It was another incredible year for our J&C Group with lots of challenges and achievements!
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Public Works Ministry Sets Water Rates For 2022
Water suppliers will set different rates according to the volume used by a household
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Commerce Ministry Encourages Copyright Registration
Source: Vientiane Times All commodities produced in Laos will have copyright protection under the Property Law after it has been
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Laos Records A Trade Deficit Of US$131 Million In November
The Lao PDR’s international trade volume for November reached US$912 million with exports valued at US$390 million and imports estimated at US$521 million
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VAT Reduced To 7% Under Amendments To Lao Tax Laws
The applicable VAT rate on importing goods and supply of goods and general services will be reduced from 10% to 7% from January 1, 2022
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Laos Adopts New Measure To Combat Corruption: Party Expulsion
Officials dismiss nine government employees who embezzled funds in Bokeo province.
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Luang Namtha Bans Trucks Amid Huge Backlog Awaiting Entry To China
About 350 trucks have been arriving at the Boten checkpoint each day but Chinese authorities are allowing only 150 to cross the border.
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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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Despite COVID-19, China Expects 1 Mln Passenger Trips On New Laos Rail Link
China expects more than 1 million passenger trips to be made on a newly opened high-speed rail link to Laos during the peak Lunar New Year travel season early next year, despite COVID-19 travel restrictions.
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Lao Economy Expected To Grow 4.2 Percent Next Year
The Lao economy is projected to grow by 4.2 percent in 2022, driven by commercial production for exports and opportunities and benefits arising from the Laos-China Railway.
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Laos Records Trade Deficit Of US$336 Million
Despite racking up a trade deficit of US$336 million in the first 11 eleven months of 2021, the government is hopeful that its planned trade targets will be reached by the end of year.
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Over 5,500 People Travel On Railway Since Inauguration
Over 5,500 people have bought tickets to travel on the Laos-China railway in the first five days since passenger services were offered starting on December 4.
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First Cold-Chain Train Launched On China-Laos Railway
It is the first train involved in cold-chain logistics on the 1,035-km China-Laos Railway, a landmark project of high-quality Belt and Road cooperation
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Domestic Rail Services To Begin On December 4
To begin with, tickets will be on sale at railway stations but will not be available online, and travel will be limited to destinations within Laos because of the ongoing Covid-19 outbreak
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Govt In Need Of Massive Financial Support
The government will require 18.7 trillion kip (US$1.8 billion) to address the projected fiscal deficit and repay domestic and overseas loans by the end of this year
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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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UN Resolution To Upgrade Laos From LDC
The United Nations General Assembly has adopted a resolution to upgrade Laos from the least developed country category (LDC)
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Laos’ Trade Deficit Exceeds US$45 Million In October
Laos registered a record monthly trade deficit of US$45 million in October, when total two-way trade was worth US$819 million
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Laos To Have First University Hospital
Seoul National University Hospital (SNUH) of the Republic of Korea has agreed to advise the Ministry of Health on the construction of a hospital under the University of Health Sciences (UHS-Laos).
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Railway Inauguration Planned For December 3, Passenger Transport Date Not Yet Decided
Inauguration of the 426-km Laos-China railway and the start of freight transport are scheduled for December 3, but a precise date for the start of passenger services has not been yet decided
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Boten Border Crossing Reopens For 3-Day Test Run
Chinese authorities have reopened the border crossing from Boten into China for a three-day test run
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No Decision Made On Proposed Purchase Of BCEL
No decision has yet been made on the proposed purchase of a major stake in the Banque pour le Commerce Exterieur Lao Public (BCEL) currently held by the Ministry of Finance
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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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Year-On-Year Inflation Rate Hit 4.17 Percent In September
Laos saw the year-on-year inflation rate moving up from 3.81 percent in August to 4.17 percent in September
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Tackle Inappropriate Land Occupation, Lack Of Compensation: Lao Front
The Lao Front for National Development has told the National Assembly (NA) to push the government to address inappropriate occupation of land and the lack of compensation given to people affected by development projects.
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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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Govt To Push Businesses To Boost Production For Chinese Market
The government is set to hold talks with business operators to encourage them to produce more of the goods required by Chinese buyers
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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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Laotian Govt Budget Expected To Gain $194M From Crypto Miners By 2022
Lawmakers reportedly plan to use the extra revenue for “priority programs,” including paying down the national debt and responding to the pandemic.
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Expand Your Business To The EU !
Lao PDR now has great new potential to grow exports to the EU with many products!
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Laos’ Economy To Grow At Only 2.1 Percent This Year: IMF
The International Monetary Fund (IMF) is projecting that Laos will see economic growth of just 2.1 percent this year, down from the 4.7 percent growth rate predicted in April.
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Trade Union Body To Seek Hike In Minimum Wage
The Lao Federation of Trade Unions (LFTU) plans to ask the government to approve an increase in the monthly minimum wage from 1.1 million kip to 1.3 million or 1.5 million kip.
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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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“AutoMarche” Largest Online Marketplace Debut In Laos
‘AutoMarche.com.la’ is the largest online marketplace in Laos, connecting used car “buyers” and “sellers”.
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China-Laos Railway Kicks Off “Dynamic Testing”
The first dynamic testing train departed from the Vientiane Station of China-Laos Railway on Wednesday morning and headed north to the Laos-China border town of Boten to kick off the dynamic testing along the China-Laos Railway.
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Thailand Is Laos’ Largest Trading Partner, China And Vietnam Are Top Export Markets
Thailand is Laos’ largest trading partner but the country’s main export markets continue to be China and Vietnam.
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Lao Flag Symbol Inspires Passenger Train Design For Laos-China Railway
The symbol of the Lao flag with its three colours has inspired the design of the first train that will run on the Laos-China Railway.
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Govt Pledges To Reduce Nation’s Debt By 2023
The government has vowed to reduce the total public and publicly guaranteed debt stock to 64.5 percent of Gross Domestic Product (GDP) by the end of 2023.
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Laos Targets 1 Percent Electric Vehicle Use By 2025
Laos is promoting the use of clean energy in the transport sector as part of measures to translate the government’s policy into an action plan until 2025, a strategy for 2030, and a vision for 2050.
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Bureau Outlines Three Main Causes Of Inflation
The Lao Statistics Bureau has highlighted three main underlying causes of inflation, amid rising concerns over the ongoing health crisis and food security.
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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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Most Stations On Laos-China Railway Now Complete
Most of the stations on the Laos-China Railway are now complete ahead of the planned opening of the railway in December.
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PM Orders Re-Negotiation For Fair Benefits In Mining, Energy Projects
Prime Minister Phankham Viphavanh has told the Ministry of Energy and Mines to re-negotiate with the operators of hydropower and mining projects to ensure fair benefits from such projects
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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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Mitsubishi Invests In Laos Wind Farm Project, Biggest In Southeast Asia
Japanese trading house Mitsubishi Corp. has invested in a massive wind power plant project in Laos to deliver electricity to Vietnam, in what would be the biggest onshore wind farm in Southeast Asia.
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Lao Economy Suffering Due To Covid-19 Outbreak
This year’s Covid-19 outbreak has deepened the impacts on Laos’ economy, resulting in business shutdowns, growing health concerns, and falling sales.
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36 Tea Garden Wins Gold Award At World Tea Contest
The 36 Tea Garden in Pakxong district, Champassak province, has won first place in the category of Black Tea, winning a gold award at the World Tea Championship Competition.
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Covid-19 Delays Economic Recovery In Laos: ADB
The unanticipated Covid-19 pandemic has delayed economic recovery in Laos, with consumption hit hard by the virus control measures implemented since April
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Laos Pushes Into Crypto As It Authorises Mining And Trading
Laos has authorised the mining and trading of cryptocurrencies, in a policy shift by the debt-laden south-east Asian nation that positions it to profit from the crackdown on digital currency mining in China.
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Giant Buddha Statue Plan Rankles Residents of Laos’ Capital
A Chinese firm’s plans to build a 100-meter-high Buddha statue in low-lying Vientiane encapsulate China’s outsized economic presence in Laos
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Multiple-Entry Visas Offered To People Of Lao Descent Living Abroad
The government has promulgated a new regulation that offers multiple-entry visas with longer stays for people of Lao origin those who hold another crtizenship and are residents in other countries.
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Lao Startups Facing Challenges
Lao startups are facing challenges in their efforts to help strengthen the national economy, including a lack of legislation that supports their set up and administration, with little incentive from the government.
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Chinese Investments In Laos Soar, But Little Wealth Is Spread
Not counted is the cost in damage to the country’s environment and Lao citizens’ loss of homes and livelihoods, experts say.
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Laos Records Lowest Trade Deficit, US$24 Million In August
Laos registered a record low trade deficit of US$24 million in August compared to the previous records of the year, with the two-way trade value amounting to US$880 million
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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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Economic Fallout From Covid Deepens: World Bank Survey
he economic fallout in Laos over the second quarter of this year as employment fell off sharply and households and businesses suffered declining income and revenue
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Laos Records Highest Trade Deficit Of US$99 Million In July
Laos registered a record trade deficit of US$99 million in July, with exports valued at US$374 million and imports at a US$473 million, comprising a total two-way trade value of US$847 million.
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Kasemrad International Hospital Opens In Vientiane
The new Kasemrad International Hospital Vientiane (KIH Vientiane), now the largest private hospital in Laos, has opened to provide comprehensive medical services to patients around the clock
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Govt Reveals Debt Payment Plan
Revenue earned from potential mining operations, revamped state enterprises and from other as yet untapped sources will be used to pay debts amounting to almost US$14 billion
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Govt Proposes Income Tax Revisions To National Assembly
The Ministry of Finance has revised several articles of the Law on Income Tax, to enable businesses to operate
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US Has Opportunity To Establish Stronger Economic Ties With Laos
The United States has an opportunity to reset its relationship with Laos and establish a future-oriented partnership based on economic development to offer a complement to Chinese influence.
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Thai Baht Could Sink Even Further, Analyst Warns
Thailand’s baht could weaken further after reaching its lowest point since late 2017 level of 33 baht per USD, an analyst at Krungsri Securities said on Wednesday, as the economy is challenged by its most severe Covid-19 outbreak so far.
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Govt No Longer Accepting Iron Ore Pilot Project Proposals
New proposals for the survey, extraction and export of iron ore in the form of pilot projects will no longer be considered, the Prime Minister’s Office has announced.
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Laos Faces Spiralling Budget Deficit
The escalating deficit will ramp up the government’s public debt burden, posing challenges for Laos in sourcing more funding to address the shortfall.
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Laos Issues E-commerce Regulations
Laos is making strides toward providing clear legal guidance for e-commerce operations by issuing legal measures to facilitate the regulation of online business activities.
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Can China’s Belt and Road Open Up Landlocked Laos?
As a 420 km high-speed railway nears completion, two Chinese-built highways have been given the green light. Will these projects open up Laos, or make it a crossing point on China’s Belt and Road?
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Once Asia’s Top Performer, The Thai Baht Is Now Becoming The Region’s Worst-Hit Currency
The Thai baht, once the strongest-performing currency in Asia before the pandemic, has been steadily falling in 2021 and is this year’s worst-hit currency in the region
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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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Laos Records US$932 Million Trade Value In June
Laos saw a record US$932 million in the value of imports and exports for June, but recorded a trade deficit of US$62 million
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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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LCB’s Depositors To Be Repaid
Officials of the Bank of Lao PDR (BOL) have confirmed that customers or depositors of the Lao Construction Bank Limited (LCB) will be repaid once data of the bank’s depositors are provided.
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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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Laos, Russia Agree To Cement Ties, Broaden Cooperation
Lao and Russian foreign ministers have agreed that both sides will work together to cement ties and broaden cooperation between their two countries.
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Laos To Sell Vietnam Its Wind Power With Mitsubishi’s Help
Japanese trading conglomerate Mitsubishi Corp. will develop a massive onshore wind farm in Laos that will supply electricity to Vietnam.
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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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Laos Grapples With Rising Inflation
The consumer price index has continued to surge despite measures imposed by the government to manage the prices of goods in local markets.
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Govt Approves Bokeo-Boten Expressway Linking China, Thailand
The government has approved the construction of an expressway running between Bokeo province and Boten, which will link China and Thailand through Laos.
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Laos’ trade deficit exceeds US$54 million in May
China is the largest market for Lao exports, while Thailand remains one of Laos’ main importing countries with imports reaching a record value of US$227 million in May.
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First Train Test On Laos-China Railway Planned For August
The first trial run of a train on the under-construction Laos-China railway is scheduled to take place in August.
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Laos Voices Appreciation Of Asia-Europe Partnership
Laos values the Asia-Europe Partnership as an important forum for promoting cooperation and understanding between the peoples of the two regions.
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Laos Sets Out Rules for Securing Investment Promotion Incentives
Laos has issued important new guidelines on obtaining investment promotion incentives in the country.
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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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Coffee Set To Boost Laos-EU trade
The value of coffee sold by Laos to the European (EU) market is likely to increase thanks to additional EU support for the trade.
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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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Ministry Issues New Guidance To Tackle Corruption, Bureaucratic Malpractices
Authorities have issued a new guidance to prevent officials in-charge of natural resources and environment affairs from committing corruption and bureaucratic malpractices.
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Finance Ministry Suspends & Waives Tax Payments
The Ministry of Finance, on behalf of the government, has issued an instruction on the suspension and waiver of income tax payments as well as postponement of the payment of the annual road tax for 2021.
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Hopes Rise For End To Lockdown As Covid Cases Dwindle
Lao people are hoping that the government will be able to control the spread of Covid-19 after only one new case of the virus was reported on Monday.
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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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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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J&C Insurance Brokers’ New Website Is Live!
J&C Insurance Brokers, the leading insurance broker in Laos, has launched a new website to drive the company’s objectives of innovation and professionalism.
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Unemployment Spirals Due To Covid-19 Outbreak
The unemployment rate has increased sharply since the end of 2020 amid measures imposed to prevent the spread of the virus.
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Factories Can Continue Operations During Lockdown
Factories are permitted to continue their operations so long as they strictly comply with Covid-19 prevention and control measures, a senior government official has said.
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90 Percent Of Tourism Businesses Close Due To Covid Outbreak
The hospitality industry in Laos is facing a further slump as a result of the ongoing outbreak of Covid-19 with about 90 percent of businesses forced to close their doors.
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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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Inflation Continues To Rise Amid Covid-19 Crisis
The year-on-year inflation rate continued to rise in Laos in March amid economic distress triggered by the Covid-19 pandemic.
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ADB Positive About Growth Of Lao Economy Despite Covid-19 Crisis
The Asian Development Bank (ADB) is optimistic about the growth of the Lao economy amid the Covid-19 crisis and lockdown measures imposed to contain the spread of the Coronavirus.
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