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
Read MoreLaos is suffering from one of the highest inflation rates in the region, raising concerns as the population suffers from financial hardship
Read MoreThe 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.
Read MorePolicymakers 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
Read MoreThe 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.
Read MoreThe government has pledged to remove barriers that hinder business operations in Laos while speeding up bitcoin mining by authorised companies.
Read MoreThe 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.
Read MoreAt the end of last year, we were proud to make some people happy under their masks by providing them
Read MoreAmata 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.
Read MoreThe Bank of the Lao PDR (BOL) has issued licences authorising two companies to trade in cryptocurrencies, namely Lao Digital Assets Exchange (LDX) and Bitqik.
Read MorePhongsavanh 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.
Read MoreThe Lao Coffee Association (LCA) is worried about a steep decline in coffee production and a gradual increase in prices of the commodity.
Read MoreThe 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.
Read MoreThe total value of goods imported and exported by Laos in December rose to over US$1.1 billion
Read MoreThe new hospital will enhance Laos’ health and medical environment as well as provide professional training and health research.
Read MoreThe 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.
Read MoreIt was another incredible year for our J&C Group with lots of challenges and achievements!
Read MoreWater suppliers will set different rates according to the volume used by a household
Read MoreSource: Vientiane Times All commodities produced in Laos will have copyright protection under the Property Law after it has been
Read MoreThe 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
Read MoreThe applicable VAT rate on importing goods and supply of goods and general services will be reduced from 10% to 7% from January 1, 2022
Read MoreThe pandemic has led to Chinese authorities putting in place strict measures to monitor drivers and cargo bound for China. This has resulted in thousands of cargo vehicles on both sides of the border facing long waits.
Read MoreOfficials dismiss nine government employees who embezzled funds in Bokeo province.
Read MoreSeveral 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.
Read MoreAbout 350 trucks have been arriving at the Boten checkpoint each day but Chinese authorities are allowing only 150 to cross the border.
Read MoreThe 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
Read MoreChina 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.
Read MoreThe 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.
Read MoreDespite 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.
Read MoreOver 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.
Read MoreIt 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
Read MoreTo 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
Read MoreThe 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
Read MoreA 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.
Read MoreThe United Nations General Assembly has adopted a resolution to upgrade Laos from the least developed country category (LDC)
Read MoreLaos registered a record monthly trade deficit of US$45 million in October, when total two-way trade was worth US$819 million
Read MoreSeoul 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).
Read MoreInauguration 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
Read MoreSource: Vientiane Times Motorists in Vientiane and provinces across Laos are in the hot seat again as the retail prices
Read MoreThe government has declined a request by the Phousy Group to purchase a major stake in a leading Lao bank, the Banque pour le Commerce Exterieur Lao Public (BCEL).
Read MoreChinese authorities have reopened the border crossing from Boten into China for a three-day test run
Read MoreNo 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
Read MoreLaos 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.
Read MoreLaos saw the year-on-year inflation rate moving up from 3.81 percent in August to 4.17 percent in September
Read MoreThe 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.
Read MoreThe 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.
Read MoreThe government is set to hold talks with business operators to encourage them to produce more of the goods required by Chinese buyers
Read MoreThe government is discussing the planned route of an expressway running from Vientiane through Xaysomboun, Xieng Khuang and Huaphan provinces to the Vietnamese border.
Read MoreLawmakers reportedly plan to use the extra revenue for “priority programs,” including paying down the national debt and responding to the pandemic.
Read MoreThe 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.
Read MoreLao PDR now has great new potential to grow exports to the EU with many products!
Read MoreThe 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.
Read MoreInternational Business Magazine has acknowledged the price competitiveness and the outstanding & professional services provided by J&C Insurance Brokers to its clients in Laos
Read MoreThe 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.
Read MoreThe 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.
Read More‘AutoMarche.com.la’ is the largest online marketplace in Laos, connecting used car “buyers” and “sellers”.
Read MoreThe 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.
Read MoreThailand is Laos’ largest trading partner but the country’s main export markets continue to be China and Vietnam.
Read MoreThe 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.
Read MoreMotorists in Vientiane are struggling to find premium grade and regular fuel for their vehicles after some petrol stations ran out of supplies
Read MoreThe 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.
Read MoreMany Lao people feel they deserve lower prices because the country has built dozens of electricity-generating plants over the years. EDL officials, however, maintain that electricity is already cheap and that people should use it more economically.
Read MoreLaos 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.
Read MoreThis mean that motorists in Vientiane and the provinces will pay extra for fuel this month. This follows several changes in retail prices recently.
Read MorePeople hoping to build a house this coming dry season will have to think twice now that the price of many construction materials on sale in Vientiane has risen sharply.
Read MoreThe Lao Statistics Bureau has highlighted three main underlying causes of inflation, amid rising concerns over the ongoing health crisis and food security.
Read MoreLaos will explore issuing its own digital currency with support from a Japanese financial technology startup that was involved in a similar effort by Cambodia
Read MoreMost of the stations on the Laos-China Railway are now complete ahead of the planned opening of the railway in December.
Read MorePrime 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
Read MoreThe Lao and Vietnamese governments are considering the feasibility of building an expressway linking Vientiane to Hanoi, with assistance from the government of Japan.
Read MoreJapanese 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.
Read MoreThis year’s Covid-19 outbreak has deepened the impacts on Laos’ economy, resulting in business shutdowns, growing health concerns, and falling sales.
Read MoreThe 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.
Read MoreThe unanticipated Covid-19 pandemic has delayed economic recovery in Laos, with consumption hit hard by the virus control measures implemented since April
Read MoreMotorists across Laos will have to spend more on petrol as the Ministry of Industry and Commerce issued a notification on Wednesday increasing the prices of all types of fuel.
Read MoreSome 419 money exchange units have become representatives of commercial banks and will operate under the authorisation of the bank, in an attempt to tackle the difference in currency exchange rates between banks and money-changing outlets.
Read MoreLaos 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.
Read MoreA Chinese firm’s plans to build a 100-meter-high Buddha statue in low-lying Vientiane encapsulate China’s outsized economic presence in Laos
Read MoreThe 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.
Read MoreLao 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.
Read MoreBOL issued a notice informing currency exchange units nationwide to register with commercial banks to ensure their operations are carried out under the authorisation of the banking system.
Read MoreNot counted is the cost in damage to the country’s environment and Lao citizens’ loss of homes and livelihoods, experts say.
Read MoreLaos 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
Read MoreJust 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.
Read MoreLand 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.
Read Morehe 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
Read MoreThe government has extended Covid-19 prevention and control measures for another 15 days until September 15, with some measures being strengthened.
Read MoreInsurance 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.
Read MoreLaos 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.
Read MoreThe 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
Read MoreThe company on Tuesday invited interested applicants to apply for the jobs concerning the maintenance of communication, engineering and power supply equipment on the railway.
Read MoreRevenue 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
Read MoreRecent college graduates in Laos are having trouble finding work, as businesses continue to shut down in the face of economic difficulties tied to the COVID-19 pandemic.
Read MoreThe Ministry of Finance has revised several articles of the Law on Income Tax, to enable businesses to operate
Read MoreThe 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.
Read MoreThailand’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.
Read MoreNew 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.
Read MoreThe escalating deficit will ramp up the government’s public debt burden, posing challenges for Laos in sourcing more funding to address the shortfall.
Read MoreThe Bank of the Lao PDR (BOL) is now working to tackle several unresolved issues related to financial matters, including differences between the exchange rates in the market and banks.
Read MoreLaos is making strides toward providing clear legal guidance for e-commerce operations by issuing legal measures to facilitate the regulation of online business activities.
Read MoreAs 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?
Read MoreThe 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
Read MoreThe Korean government through Samwhan Lao Sole Co., Ltd trusts the professionalism and the high-end services provided by J&C Insurance Brokers.
Read MoreLaos saw a record US$932 million in the value of imports and exports for June, but recorded a trade deficit of US$62 million
Read MoreThe 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.
Read MoreOfficials 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.
Read MoreThe 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.
Read MoreThe 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.
Read MoreThe government has extended the ban on the import of cattle and other beef products due to an outbreak of lumpy skin disease, which is continuing to spread in various areas of the country.
Read MoreLao and Russian foreign ministers have agreed that both sides will work together to cement ties and broaden cooperation between their two countries.
Read MorePeople living in Laos and entering the country will be required to install the LaoKYC programme on their smartphones so they can use the Lao Sou Sou service to scan a QR code.
Read MoreJapanese trading conglomerate Mitsubishi Corp. will develop a massive onshore wind farm in Laos that will supply electricity to Vietnam.
Read MoreThe 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.
Read MoreThe consumer price index has continued to surge despite measures imposed by the government to manage the prices of goods in local markets.
Read MoreThe government has approved the construction of an expressway running between Bokeo province and Boten, which will link China and Thailand through Laos.
Read MoreChina 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.
Read MoreLao Airlines has announced that flights to several domestic destinations will resume on June 27 and July 2, after being initially planned for June 25.
Read MoreThe first trial run of a train on the under-construction Laos-China railway is scheduled to take place in August.
Read MoreLaos values the Asia-Europe Partnership as an important forum for promoting cooperation and understanding between the peoples of the two regions.
Read MoreLaos has issued important new guidelines on obtaining investment promotion incentives in the country.
Read MoreA 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.
Read MoreThe value of coffee sold by Laos to the European (EU) market is likely to increase thanks to additional EU support for the trade.
Read MoreThe Lao government has recently approved the route selection for Vientiane-Pakse Expressway Project recommended by a Chinese engineering company.
Read MoreAuthorities have issued a new guidance to prevent officials in-charge of natural resources and environment affairs from committing corruption and bureaucratic malpractices.
Read MoreTelecom operators plan to cut the charges for voice calls by 15 percent, as well as increase internet speeds, so that people can study online and work from home more easily during the Covid-19 outbreak.
Read MoreThe 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.
Read MoreLao 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.
Read MoreConstruction 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.
Read MoreThe 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.
Read MoreThe 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.
Read MoreThe government has said there is a sufficient supply of foodstuffs and consumer products for at least two months despite delays in transport caused by the Covid-19 pandemic.
Read MoreThe Ministry of Planning and Investment of Laos selected Korea Airports Corporation as a feasibility study provider for the Luang Prabang airport development project.
Read MoreJ&C Group provided the village administration of Saphanthong Tai with 25 rice bags in the value of LAK 10’000’000
Read MoreJ&C Insurance Brokers, the leading insurance broker in Laos, has launched a new website to drive the company’s objectives of innovation and professionalism.
Read MoreThe unemployment rate has increased sharply since the end of 2020 amid measures imposed to prevent the spread of the virus.
Read MoreFactories 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.
Read MoreThe 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.
Read MoreA number of policies are being considered to mitigate the effects of the ongoing Covid-19 outbreak on the economy and people’s livelihoods.
Read MoreThe year-on-year inflation rate continued to rise in Laos in March amid economic distress triggered by the Covid-19 pandemic.
Read MoreThe 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.
Read MoreLaos is now also the third most corrupt country in the Asean bloc, following Myanmar and Cambodia.
Read MoreOnce opened, the Laos-China Railway promises to be a significant engine of business development in Laos.
Read MoreLaos recorded a trade surplus of US$42 million in February even though the value of goods sold to the country’s two main trading partners, China and Vietnam, dropped compared to January.
Read MoreThe Laos-China Railway Power Supply Project has been completed on schedule, paving the way for the planned operation of the railway in December.
Read MoreBetter knowledge of copyright and trademarks has become necessary in the traditional handicraft industry.
Read MoreIn order to maximise benefits from the rail project, Laos must quickly create a business friendly environment.
Read MoreNewly-elected Prime Minister Phankham Viphavanh highlighted the seven concerns
Read MoreThe Consumer Price Index (CPI) stood at 113.61 points in February, indicating an inflation rate of 1.91 percent year-on-year, down from the 2.01 percent recorded in January
Read MoreThe Thai economy in 2021 will not rebound from a negative growth of 6.1% last year and could risk facing a financial crisis like in 1997″
Read MoreThe deal will deepen China’s involvement in the Lao government’s goal of transforming itself into the “battery of Southeast Asia.”
Read MoreConstruction has been delayed due to the Covid-19 pandemic after work began in November 2018.
Read MoreOnce 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!
Read MoreUnemployment in Laos has skyrocketed to 23.4 percent, indicating that about 320,000 people are out of work
Read MoreA Chinese language education boom is underway in Laos as Beijing’s increasing investments in the Southeast Asian country point to a future where Chinese companies dominate local commerce
Read MoreLuang Prabang province has begun the first steps in becoming a Smart City through the creation of e-government practices.
Read MoreDuring the recent annual agent/broker celebration held by Forte-Toko Assurance, J&C Insurance Brokers was rewarded as Top Agent 2020.
Read MoreLaos, as a least developed country, is still largely dominated by microbusinesses, which account for 94.2 percent of all enterprises in the country
Read MoreThe 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
Read MoreXekong province will open its first international border crossing with Vietnam next month to ease the movement of goods and people between the two countries.
Read MoreAwarded as the ‘Top Agent for Health Insurance’, J&C Insurance Brokers was recognized for their exceptional performance in 2020 – by Lanexang Assurance!
Read MoreAt present, Laos doesn’t have any railways. However, that is about to change in 2021.
Read MoreThe world’s popular soft drink Pepsi, a trend-setter of youth fashion and culture, announced superstar K-Pop girl group BLACKPINK as its new Asia-Pacific spokespersons
Read MoreThe government expects to earn its first income from the sale of carbon credit next year after signing an agreement with the World Bank.
Read MoreLao Airlines’ earnings plummeted by 70 percent last year compared to 2019 as result of a sharp drop in passenger numbers due to the Covid-19 pandemic.
Read MoreWhile 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
Read MoreThe 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.
Read MoreThe Consumer Price Index (CPI) in Laos continues to rise despite the government’s enhanced measures to control the prices of products in local markets.
Read MoreInthanin Coffee claims to be environmentally friendly, with a total of 690 outlets in Thailand and eight overseas. The business is run by BCP’s wholly-owned Bangchak Retail Co.
Read MoreThe developers expect to spend more than US$47 million to create tourism activities alongside environmental conservation measures undertaken by the Khamphay Sana Group.
Read MoreLaos’ state-owned postal enterprise is looking forward to working with its newly-signed partner, ZTO Express, a China-based provider of services including express delivery, logistics and e-commerce, to upgrade the skills of IT personnel as well as build capacity in other areas.
Read MoreSeveral areas of Vientiane have been designated for development as “smart zones” through the use of Information, Communication and Technology (ICT) in the development of the capital.
Read MoreAll vehicles using the newly-opened Vientiane-Vangvieng expressway must pay the set toll rates, except in the case of an emergency or accident, when specially designated ambulances can enter free or charge.
Read MoreThe China-Laos railway tracks have successfully extended from Lao capital Vientiane to northern Laos’ transport hub Luang Prabang on Tuesday, thus accomplishing all the construction targets set at the beginning of 2020.
Read MoreVientiane authorities have pledged to carry out 30 large-scale development projects from now until 2025 in a bid to accelerate the capital’s economic growth.
Read MoreThe Enterprise law and the Law on Independent Audit are the main laws that establish audit requirements in Laos.
Read MoreNot only natural persons (individuals) but also legal persons, such as companies, NGOs, associations, and foundations operating in the Lao PDR, now face criminal liability under new legislation enacted by the government aimed at strengthening the rule of law in the country.
Read MoreMotorists will now have the convenience of travelling from Vientiane to Vangvieng in an hour following the opening of a new expressway linking the capital to the popular tourist destination on Sunday.
Read MoreThe government and private sector are partnering to promote the development of electric vehicles to encourage the use of clean energy and reduce greenhouse gas emissions.
Read MoreThe Consumer Price Index (CPI) has dipped in recent months after inflation peaked at 6.94 percent in January.
Read MoreThe upcoming Made in Laos 2020 fair, to be held at Lao-ITECC in Vientiane from December 25 to January 3 next year, will be used as a platform to spur domestic consumption and to promote a range of “Made in Laos” goods.
Read MoreCustomers of many banks in Laos will now be able to transfer money via a mobile application managed by the joint venture Lao National Payment Network Co Ltd (LAPNet) under the Bank of the Lao PDR (BOL).
Read MoreAuthorities have postponed the opening of the 113.50-km expressway linking Vientiane and Vangvieng as work on the project is not yet fully complete.
Read MoreNew streetlights along seven main roads in the capital have given the city a bright new feel amid preparations to celebrate National Day on Wednesday.
Read MoreLaos reported a record US$729 million in imports and exports in October this year, with the value of exports put at US$347 million and the value of import calculated at US$382 million.
Read MoreThe government has cited five reasons for its spiralling public debt over the past five years, which is continuing even though measures have been introduced to address it.
Read MoreThe Fourth Industrial Revolution is a train that you either get on or you’ll find yourself being left far, far behind.
Read MoreRCEP includes China, Japan, South Korea, Australia, New Zealand and the 10 members of the Association of South East Asian Nations (ASEAN)
Read MoreThe Personal Accident coverage is applicable to all children on their premises. With the skilled staff at Tukata and our comprehensive coverage in case of accident, your child is safe at all times.
Read MoreThe government is optimistic that the economy will grow by 4-4.5 percent next year despite complex global changes and Laos’ financial difficulties.
Read MoreThe banlao.la Homes, Loans, and Lifestyle Expo will see 100+ companies under one roof at the NCC in Vientiane Capital and is set to welcome 10,000+ guests from across Laos, the ASEAN region, and Mainland China
Read MoreShopping-D online grocery has over 6.000 items starting from fruits, vegetables, fresh meat, cleaning products and other items for your daily needs. Try – you will love it.
Read MoreThe Lao government has pledged to remove barriers and further improve the business climate in a bid to attract more investment from Laos and foreign countries.
Read MoreThe impact of the coronavirus on the economy has driven revenue collection back by three years, the deputy prime minister has told the National Assembly
Read MoreThe first section of electrical high-voltage power cable for China-Laos Railway has been successfully laid in position.
Read MoreThe Lao government has announced that it will manage and address public debt in various ways as it seeks to ease the country’s financial tensions.
Read More‘Inadequate’ foreign exchange reserves, a widening current account deficit, contingent liabilities from public–private partnerships, poor governance — including weak institutional capacity and corruption controls — and constrained political freedoms that limit accountability have all contributed
Read MoreThe government is temporarily reopening some “local” and “customary” border crossings in a bid to revive the economy and minimise the impacts of the Covid-19 pandemic.
Read MoreIncomers are expected to spend a shorter time in quarantine; Authorities are also considering the use of electronic tracking devices
Read MoreThe lower growth rate is attributed to several factors linked to the global economic slump, triggered by the Covid-19 pandemic.
Read MoreThe economy will feature as one of the main topics of debate at the 10th Session of the National Assembly (NA)’s 8th legislature, which starts next week.
Read MoreStakeholders from the public and private sectors as well as civil society met in Vientiane to discuss and exchange views on the establishment of a consumer protection association.
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