Stakeholders 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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Provincial authorities are working to urgently assist flood-affected villagers in Savannakhet by providing drinking water, rice, and other necessities after heavy rain caused flash flooding in the region over the weekend.
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Upon arrival in Laos, incomers will be tested for Covid-19 and will be quarantined at a designated location for 48 hours while they await the test results.
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The Bank of the Lao PDR (BOL) is upgrading its IT infrastructure system to ensure financial transaction services throughout the country.
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Tour and hospitality business operators have massively cut the cost of their services and package tours to make prices more affordable and encourage Lao people to take vacations around the country.
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China has agreed to support Laos through three projects as part of efforts to strengthen cooperative relations between the two countries.
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Many firms are effectively conducting business and basing their pricing on foreign currencies sold in the parallel market
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Laos is undergoing an unprecedented level of macroeconomic stress and the pandemic has worsened an already fragile economic landscape.
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Laos recorded a total trade value of US$762 million for imports and exports in August 2020, comprising US$377 million worth of exports while about US$384 million was expended on imported goods
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Although Laos was able to dodge severe health impacts from the COVID-19 pandemic, the effect on the country’s economy, particularly on the tourism sector, is being projected to be devastating.
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Lao Airlines State Enterprise has issued travel advice for passengers wishing to use the airline to enter or exit Laos.
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The government has decided in principle to allow visits to Laos by tour groups from countries where there is no community outbreak of Covid-19
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The price of food and beverages increased by 9.91 percent year-on-year and 2.19 percent month-on-month
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Fitch Ratings has downgraded Laos’ rating to “CCC” from “B-,” meaning that the Southeast Asian nation faces “substantial credit risk” and that default is a “real possibility,”
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The business sector has requested the government find ways to reduce transportation and customs clearance costs to ensure that the collection of fees is done strictly under the Lao President’s Decree.
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Construction of the Laos-China railway is progressing as planned despite the obstacles posed by the Covid-19 pandemic.
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Many roads are in need of repair after suffering damage during heavy rain
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Laos set to cede majority control of its national power grid to China to service Belt and Road debts
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Lao Govt and Space Eye Lao Co., Ltd. (Spel) will partner in the study and development of a modern land management system in Laos using digital technology.
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The agriculture sector is expected to grow at a rate of just 0.9-1.7 percent this year, well below the target of 2.8-3 percent
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The primary gold project is expected to generate about US$30 million in government revenue and economic benefits
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EDLT plans to invest about US$2 billion in building Laos’ national backbone power grid and cross-border power grid interconnection for Laos and its neighbouring countries
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The country’s foreign exchange reserves have fallen below $1bn, less than Laos’ annual debt payments
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Laos could face a trade loss of US$102 million under the special tariff scheme if the country graduates from the UN’s Least Developed Country (LDC) status in 2024
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Lao Telecommunications Public Company (Lao Telecom) has officially launched the 5G system, which is the first network in Laos.
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Migrants from China, Myanmar, and Vietnam are increasingly entering Laos by boat and through lightly-guarded border crossings, avoiding more heavily inspected international checkpoints
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The first 7-Eleven-branded convenience store in Laos is expected to be open in Vientiane
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The country is still facing a huge trade deficit
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The Consumer Price Index (CPI) remains high in Laos despite the government increasing measures to curb rising prices at Lao markets.
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The Lao garment industry is in a slump following a significant drop in orders from foreign countries due to the Covid-19 pandemic and must now rely on the domestic market to sustain its long-time workforce.
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Today sees the entry into force of the new Law on Land No. 70/NA dated 21 June 2019 (the “2019 Land Law”), which among other things, includes new provisions concerning the limited ownership of land-use rights by foreigners under certain circumstances, and the limited ownership of individual units in a condominium or apartment building.
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Border guards in central Vietnam are investigating 13 people who paid a smuggling ring to help them enter Laos, and later Thailand, to find jobs.
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Land disputes have become one of the most difficult issues for authorities in the national capital because of growing demand for land
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Chaired by Prime Minister Thongloun Sisoulith, the two-day meeting told officials in charge to improve policies to promote small and medium enterprises (SMEs).
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Expatriates to be eligible first, with students and business travel on agenda
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An elevated fiscal deficit will result in growing public debt, which will ramp up pressure on the country’s debt servicing capacity amid the Covid-19 crisis.
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Vinamilk’s investment capital in Lao-Jagro has increased from 25.4 million USD to 66.4 million USD. Additional capital increased to build the first two farms in the complex of high-tech dairy farms in Laos.
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Moody’s Investors Service (“Moody’s”) has downgraded the Government of Laos’s issuer rating to Caa2 from B3 and changed the outlook to negative.
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The project will focus on Promotion of Strengthening Regional Structures for Small and Medium Enterprise Promotion in Asean.
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The continuing spread of Covid-19 in neighbouring countries and beyond has forced Laos to intensify measures to protect the tiny nation against a second wave of the virus.
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The inflation rate is increasing in Laos despite the government’s measures to regulate the prices of goods in the local markets.
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Laos has detained and deported hundreds of Chinese nationals in recent months for illegally entering the country to sidestep a mandatory 14-day coronavirus quarantine period and head straight to casinos to gamble or work
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The organisers of the top three expos of Laos have announced that LaoBuild 2020, Lao Food & Hotel 2020 and LaoCafe 2020 have been rescheduled to June 17-19, 2021 in line with the government’s Covid-19-related restrictions.
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Laos expects to lose millions dollars in remittances from overseas workers this year following the return of thousands of Lao citizens to the country due to the Covid-19 pandemic.
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Source: Vientiane Times The National Committee for anti-money laundering (AML) and counter-terrorism financing (CTF) has reviewed the progress of preparations
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“Marketing Over Coffee” is back with its second edition “Top 5 Facebook Metrics: What they tell you about your business”
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Gold jewellery prices in Laos on Wednesday were almost 8.8 million kip per baht-weight (15 grams) and 2.2 million kip a sleung (3.75 grams)
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Health authorities say officials and the public have achieved excellent results in controlling the COVID-19 pandemic, but Laos now needs to prevent an outbreak of a virulent form of dengue fever this rainy season.
Read more State-run Lao Airlines plans to soon resume its international service from Vientiane to Hanoi in Vietnam, with two flights a week on Mondays and Fridays.
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The Bank of the Lao PDR has come up with a new administrative rule designed to administer currency exchange businesses amid the appreciation of international currencies against the Lao kip.
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Authorities in Vientiane have set the maximum rates of rice to protect consumers and ensure price stability amid the economic crisis because of natural disasters and the Covid-19 pandemic.
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The Tourism Council of Thailand estimates that in the next three months up to 30 per cent of tourism-related businesses in Thailand are at risk of shutting down permanently
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Many manufacturers in Laos are facing challenges to stay afloat even as the government has given them the nod to resume business.
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Regions across Laos have been put on alert for flash floods and landslides after weather forecasters warned an active low pressure system will increase heavy rains in parts of the country during July 1-5.
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Source: Vientiane Times Laos needs at least US$4 billion in foreign currencies to purchase goods from other countries each year,
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The Decision brings clarity to certain important provisions of the Amended Law on Intellectual Property No. 38/NA, published in May 2018.
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Source: The Star Laos will establish the National Center for the Quality Inspection of Foodstuff and Beverage to ensure the
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Sports competitions, casinos, and some social gatherings will be allowed to resume under the government’s decision to relax the COVID-19 prevention measures
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PRI·MED Medical Products (PRI·MED), a worldwide leader in manufacturing single-use medical personal protective equipment (PPE) including face masks, gowns and examination gloves – has today announced the development of a new manufacturing facility in Vientiane, Laos
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The one-stop service introduced by the government to enable the completion of service procedures at one location is still not implemented effectively
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Vietnamese carriers’ plans to resume international flights next month will come to naught, given fresh Covid-19 outbreaks in Asia and other factors, experts say.
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Thailand will allow some foreigners to enter the country from July 1, in an easing of the months-long travel lockdown.
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The value of coffee exported by Laos increased as the price of local coffee beans was better this year
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The country’s porous borders have been an ongoing issue with some 5 million+ illegal immigrants floating around Thailand at any one time.
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Electricity du Laos (EDL) will reduce electricity prices for households using less than 461kwh per month for the three months of April, May, and June as part measures to offset the financial impact of COVID-19 in the country.
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Thailand Civil Aviation Authority (CAAT) has said it will be September before international flights to and from the country resume.
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Several restaurants in Vientiane and tourist destinations across Laos continue to be closed after suspending operations several months ago due to the Covid-19 crisis, and some operators are now seeking new ways to earn a living.
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Importers and exporters in Laos are grappling with several challenges despite the government’s active efforts to reduce procedures and trade barriers.
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The Lao PDR has so far avoided a major health crisis but has not been immune from the global economic downturn as the COVID-19-induced economic recession has affected the country through multiple channels including tourism, trade, investment, commodity prices, exchange rates, and lower remittances.
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Source: Vientiane Times Construction of a 113.50-km expressway linking Vientiane and Vangvieng is now over 70 percent complete and authorities
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The Lao government announced an initial victory in the battle against Covid-19 after all 19 patients infected by the virus were discharged from hospital
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We address the human resources challenges facing employers in Laos and answer the challenging questions relating to the workplace within Laos’ labour law framework and COVID-19-specific regulations and guidance
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Construction of the Laos-China railway was 89.43 percent complete as of the end of May with Lao authorities calling for the project developer to progress work according to plan.
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Laos has approved a Singapore energy firm’s plan to build a 1,000 MW coal-fired power plant in the southern province of Sekong.
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The real estate market in Laos is expected to decline by 15 percent to 20 percent this year because of the impact of the Covid-19 pandemic and a continuing economic slowdown.
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The Ministry of Labour and Social Welfare has instructed businesses in the production and service sectors to respect the Law on Labour, related laws, and regulations on the payment of workers affected by the Covid-19 outbreak.
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The current impact of the situation is still being molded, consumer behaviors and consumption patterns are changing and will continue to change drastically in the coming few months.
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In its latest announcement issued on June 1, the ministry said an application must also be made to the Secretariat of the National Taskforce Committee for Covid-19 Prevention and Control
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Bank of the Lao PDR (BOL) has officially launched the Lao Payment and Settlement System (LaPASS), a real-time gross settlement system, to promote a more efficient financial system.
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Nikon Corporation has announced that they’ve reduced the number of employees in their Imaging business by 700 at its factories in Thailand and Laos – around 10% of their workforce in each of those locations.
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The government has lifted more of the restrictions put in place to curb the Covid-19 outbreak, enabling people to gradually return to a ‘new normal’ based on Laos’ good track record in keeping the virus at bay.
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A new International Labor Organization report suggests that more than one in six young people worldwide has stopped working since the start of the Covid-19 pandemic, while the rest have seen their working hours cut by almost a quarter.
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Laos will not be able to achieve the target for tax collections this year due to the Covid-19 crisis and the implementation of the adjusted new tax law.
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Petrol stations across Laos on Wednesday increased retail prices of petrol and diesel
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Various projects in Vientiane for the promotion of dry season commercial crops have been impact by a drought and the lack of water in irrigation systems.
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The amended law addresses insurance activity in Laos, insurers’ daily operations, and termination and liquidation of an insurance company.
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Prime Minister Thongloun Sisoulith has directed the Ministry of Energy and Mines to clearly explain the electricity tariff structure following concerns raised by society about increased monthly bills.
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Between 96,000 and 214,000 additional people are estimated to fall into poverty as a result of the pandemic, jeopardizing past gains.
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Vientiane Water Supply Enterprise will reduce its rates from May to July for household customers by five percent with the change coming into effect next month.
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39 days no infections prompts gradual reopening of int’l borders
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Laos will be hard-pressed to meet its external debt obligations
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The government needs to speed up the provision of the loans it has approved as this is one of the best ways to help Lao businesses survive amid the Covid-19 pandemic
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The perennial challenge of unemployment in Laos has been further exacerbated by the Covid-19 outbreak as large numbers of people have been laid off from their jobs.
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The government has lifted travel restrictions to enable people to travel freely around the country as Laos eases more Covid-19 prevention measures to minimise the impact on livelihoods and the economy.
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Fitch Ratings has affirmed Laos’ Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B-‘ and revised the Outlook to Negative from Stable.
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Thunderstorms, strong winds and hail are forecast for northern, central and southern provinces from May 15-17, while storms and light rain will affect some regions from May 18-19,
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The new lower rates for fuels will come into effect across Laos from 4 pm on May 14.
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All people entering Laos will have to undergo a health check, be tested for Covid-19 and be placed in quarantine for 14 days
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More than 6,000 Lao migrant workers held in camps in quarantine after returning from Thailand have now gone home
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The ban on flights to Laos continues with no end date in sight as far as government announcements go
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The value of Laos’ exports this year have dropped from US$410 million in January to US$209 million in April because of the impact of the global Covid-19 pandemic.
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Laos farmers are expected to have difficulty finding enough water for wet season rice planting from May to July as hotter weather brings less rain
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Many large shopping centres have resumed operations after being temporarily closed in line with the government’s orders to prevent the spread of Covid-19.
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Enterprises operating during the ongoing COVID-19 pandemic must strictly implement precautionary measures to avert further outbreaks of the virus, authorities have advised.
Read more Some prevention and control measures that were previously enforced are still in place to prevent a second wave of infections.
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The government has introduced the three-step Business Start-up process for registration of enterprises that will facilitate entrepreneurs, and reduce time and unnecessary costs.
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The state-run Lao Airlines will suspend all domestic and international flights in order to prevent, limit and control the spread of Covid-19.
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As from this Monday, the J&C management is back working from our offices and is welcoming our clients to visit.
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The new guidelines issued by the Lao PM are temporary measures to prevent and control the virus and will begin from 4th to 17th May 2020.
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Work on the country’s third longest tunnel at Namor district in Oudomxay province, which is part of the Laos-China Railway Project and has a length of 9020 metres, has been completed.
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Though Thailand will allow some businesses to reopen from Friday (May 1), the country is still not ready to welcome foreign tourists, say government officials.
Read more The government looks set to keep some strict measures in place as part of its bold policy to control the spread of COVID-19
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A total of 60 fires were reported around the country in the first three months of this year
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State and private kindergartens, primary and secondary schools and tertiary education institutions along with sporting activities, are expected to reopen on May 11 amid strict measures.
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Six restrictions under the current lockdown could be eased after May 3 if there are no more confirmed case of coronavirus by that date, authorities have suggested.
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Private schools must pay 50 percent of the salaries of teachers, while parents must pay 50 percent of the fees for students for the month of April.
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The Civil Aviation Authority of Thailand (CAAT) is planning to extend its inbound flight ban for another 15 days
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The waste disposal fee for residents, entrepreneurs and organisations in Vientiane has been reduced by 50 percent from April to June this year.
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The prime minister told the cabinet to remain tough in enforcing his Order No. 6 which imposes tougher prevention and control measures, and measures imposed by the relevant authorities.
Read more Factories and businesses at the heart of the Lao economy will be able to resume their operations amid the extended lockdown ordered by the Prime Minister to combat the Covid-19 pandemic.
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Laos is expecting tourism revenues to fall by at least US$350 million (3,111 billion kip) this year with the sector to cut 2 percent off the nation’s gross domestic product (GDP).
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More than 100,000 hectares of forests in Luang Namtha province were destroyed by bushfires that raged for more than a month
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Many regions across the country are expecting thunderstorms and strong winds with the public being urged to be on alert
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Lao Airlines will resume flights on all domestic routes next month after operations were suspended during April 1-19 to help prevent the spread of Covid-19.
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Thailand’s cabinet approved a second automatic visa extension for foreigners for three more months until July 31
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Thailand’s anti-monopoly watchdog warned food delivery platforms they could face fines for charging higher commissions
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12 predictions for the travel and tourism industry in Asia
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Laos recorded a trade deficit of US$118 million in March, which was higher than the figures for January and February.
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Local authorities must ensure that Prime Minister’s Order No. 6, aimed at preventing the spread of Covid-19 by putting a lockdown in place, is enforced
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The Ministry of Education and Sports announced on Friday that all schools and tertiary centres of education will remain closed from April 22 to May 3 as part of government efforts to curb the Covid-19 outbreak.
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Prime Minister Thongloun Sisoulith has extended the current lockdown for Laos until 3 May 2020.
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Authorities in Vientiane have taken steps to ensure food security amid the challenges posed by the Covid-19 outbreak, which has resulted in problems in transporting agricultural products from other provinces.
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Economic growth in Laos has slowed as production and consumer spending drop amid fears of a spread of the coronavirus, with growth expected to shrink by about 50 percent
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Local filmmakers are starting to overcome financing and censorship constraints
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There are sufficient imported sources of consumer goods to maintain food security Lao authorities have said.
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Lao Prime Minister Thongloun Sisoulith just announced the following tax measures to reduce the impact from COVID19 on SME’s
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Vientiane State Bus Enterprise (VSBE) suspended its services on every route in Vientiane and to other provinces yesterday following the cancellation of international routes on March 23.
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The filing due date of the financial statements for 2019 is postponed to 30 April 2020
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Fuel prices fell on Monday morning in line with the trends in the world market even though people are worried about a shortage of supplies
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VAFD is spending more than 74 billion kip on four irrigation projects to expand agricultural production for this year’s rainy season and better cope with natural disasters
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The Lao government has adopted in principle an economic stimulus package to minimise the impact caused by the ongoing outbreak of the coronavirus (COVID-19)
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Lao consumers will not face serious food shortages as in other countries if the international supply chain is disrupted due to the Covid-19 pandemic, according to a senior economist.
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Thailand is preparing to restrict some aspects of daily life after the country’s biggest spike in coronavirus cases, further damaging one of Asia’s weakest economic outlooks.
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Authorities in northern Laos’ Huaphan province on Sunday (March 15) called for the temporary closure of 10 traditional border crossings with Vietnam
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Authorities in Laos are urging the public to suspend or postpone all “unnecessary” social events including weddings and Lao New Year celebrations in an attempt to prevent the spread of COVID-19.
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Bangkok Airways Public Company Limited has announced a decrease in flight frequency as well as flight termination on certain domestic and international routes to be in line with current passenger demand.
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Coverage by the national power grid is still limited due to a lack of funding for power grid development
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China-dependent countries feel fallout in tourism, manufacturing, and exports.
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The first sector hit hard by the situation is tourism, followed by investment and trade.
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It’s not that these countries are getting lucky, says Marc Lipsitch, director of Harvard’s Center for Communicable Disease Dynamics, and one of the study’s authors. “They’re missing infections.”
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Chinese entrepreneurs in Laos’ capital Vientiane are allegedly importing vehicles from China illegally for car rental and taxi businesses, much to the ire of their Lao competitors
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Bananas continue to be a top earner among all agricultural products, earning revenue for local development, despite the government banning the creation of more plantations.
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The top five categories of imported goods were construction equipment, fuel and gas, items used in industry, electronic products, vehicle parts, and food.
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Despite a new set of challenges like the long dry season, Covid-19 outbreak, and US-China trade war, Laos looks set to enjoy stable growth of at least 6 per cent, possibly 6.3-6.4 per cent.
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Source: Vientiane Times Laos’ national airline, the Lao Airlines State Enterprise, will suspend flights to the Republic of Korea beginning
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Vehicle owners are urged to pay the 2020 Road Tax or face a penalty. The Ministry of Finance issued a
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Source: The Star Laos has been named second runner-up in the Top Country rankings in the UK’s Wanderlust Reader Travel
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Construction of the mega Vientiane Expressway No. 1 officially began yesterday, with the project aiming to ease traffic congestion and respond to economic growth in the Lao capital.
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All vehicle imports and exports will have to be recorded under the Lao National Single Window (LNSW) system at the Lao-Thai Friendship Bridge checkpoint starting on March 1.
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The State Audit Organisation (SAO) inspected 104 state-funded projects and government bodies in 2019, exceeding its plan of 99, as financial irregularities continue to be detected.
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Laos stands to lose US$250 million to US$300 million in first-quarter revenue from the service sector, including tourism, due to fallout from the coronavirus outbreak
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The Dongbang water treatment extension plant is to be built in Xaythany district, Vientiane with aid from Hungary
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Laos is likely to face an acute water shortage over the next two months as rivers continue to fall to lower-than-normal levels.
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Vientiane authorities have opened hotline number 1168, so the public can report fire emergencies and the illegal burning of garbage, rice fields and scrubland in and around the city.
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Lao’s macroeconomic growth is projected to improve moderately this year, with growth of 6.3 to 6.4 percent
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The new law provides better progressive rates for personal income tax and has lowered profit tax rates.
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The Bank of the Lao PDR (BOL) makes a soft launch of the Lao QR Code standard for payments
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Several private schools, most in Laos’ capital Vientiane, have closed down as fears over the spread of the Wuhan coronavirus (nCoV)
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Prime Minister Thongloun Sisoulith told his cabinet to take steps to expedite the approval of investment and business operation licences
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Laos will open the Pang Mon checkpoint in Sayaboury province opposite Thailand’s Ban Huak checkpoint in Phu Sang district
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Experts met to make recommendations on policies and technical standards in the transition from internal combustion engine vehicles to electric vehicles (EVs).
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Inflation continued to increase in December, sending a strong warning that serious action is needed to rein in the price of goods and services to prevent them rising further
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In an extraordinary example of applied capacity building, Australian businesswoman Susie Martin is leading the way in helping one of South East Asia’s poorest countries set about improving its food production systems.
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The government must employ concrete measures to implement its policy on transformation of the country from landlocked to a land bridge,
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China and Laos have signed an agreement on bilateral monetary cooperation to enhance the use of local currencies in trade and investment,
Read more The Ministry of Energy and Mines has predicted that the demand for electricity in Laos will increase to 1,800MW during the period 2020-2025,
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The government has promulgated a new prime ministerial decree, which aims to more effectively administer the growing number of businesses involved in the import, sale and assembly of vehicles in Laos.
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The government should persist with its promotional policy for investment in the energy and mines sectors as they are key income earners for Laos’ economic growth
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Equipment testing at China’s Jinghong Dam in the first week of January will reduce water it releases into the Mekong River by more than 50 percent
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The Customs Department will extend the use of an automated customs management system to other main customs checkpoints
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A section of the Mekong river in Laos has changed color from muddy brown to blue—a warning sign indicating poor health in Southeast Asia’s most important waterway.
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The Tourism Authority of Thailand (TAT) will continue to push health and wellness tourism and shopping to draw high-income tourists from Laos.
Read more Two land entry points – Nong Khai (between Thailand and Laos) and Sadao (between Thailand and Malaysia), will be open 24 hours a day for a three-month trial period.
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The Bank of the Lao PDR (BOL), the country’s central bank, on Monday officially launched the new joint venture Lao National Payment Network Co Ltd (LAPNet) in collaboration with seven major banks.
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Source: Vientiane Times The government has asked the National Assembly to approve an amendment to the Law on Enterprise Bankruptcy,
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South Korean President Moon Jae-in said Tuesday his country will help Laos achieve its goal of becoming a “transportation and logistical hub” in the region.
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Laos’ central bank will tackle challenges to ensure the stability of the kip and prevent it weakening further against the Thai baht, and ensure the rate of inflation stays below 5 percent.
Read more Laos has registered a trade surplus, although money transfers are below target.
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Prime Minister Thongloun Sisoulith has agreed with the concept of establishing a special taskforce committee, to address unresolved issues relating to the improvement of the business climate
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The railway is currently about 70 percent complete and is scheduled for completion at the end of 2021.
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Thai Airways International is offering a One Pass One Price Value Card Package for four economy class fares to destinations in the Mekong region
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The government plans to recruit 2,000 new civil servants in 2020, up from 1,500 new recruits this year.
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J&C Marketing is glad to welcome Phanthamit Analytical Lab, The Spirit House, and Davina Furniture as our new clients. We are delighted to work for them and help them strengthen their marketing efforts.
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A plan to create “smart” and “eco” cities in Luang Namtha, and Oudomxay provinces topped the agenda at the government’s monthly meeting
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The Vientiane Water Supply State Enterprise has placed pumps in the Nam Ngum river to feed the Dongmakkhai water treatment plant in Xaythany district
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U.S. President Donald Trump on Friday reinstated duty-free trade for certain items from Ukraine, but suspended it with Thailand.
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The baht could further strengthen to Bt29 per dollar, a Kasikornbank analyst warned this week.
Read more The United Nations Conference on Trade and Development (UNCTAD) will encourage development partners to maintain their assistance to Laos for a while after the nation graduates from Least Developed Country status.
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China has become a major player in the railway industry and, as a result, many countries — including Thailand — are working with China to develop their own high-speed rail networks.
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The first two of five planned large-scale Lao dams on the Mekong river are set to go online before the end of this year, amid controversy over their impact on the environment and people’s livelihoods.
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