Lao Airlines’ Earnings Nosedive By 70 Percent In 2020
Lao 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.
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Lao Economy
Lao Economy Set to Recover If Threats Can Be Contained
While economic growth in the Lao PDR contracted in 2020 for the first time in over two decades, the economy is set to recover in 2021 and in the medium term, provided the impact of the COVID-19 pandemic is contained and business can resume with trading partners
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Unemployment In Laos Soared By 20 Percent In 2020
The unemployment rate in Laos skyrocketed to 20 percent in 2020, a 10.6 percent increase compared to the figures for 2017, and the global Covid-19 outbreak was the main factor for the sharp increase in the number of jobless in the country.
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Inflation Rises In Laos In December
The Consumer Price Index (CPI) in Laos continues to rise despite the government’s enhanced measures to control the prices of products in local markets.
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XI National Party Congress Opens
The 11th Congress of the Lao People’s Revolutionary Party opened on Wednesday to track achievements made in implementing the resolution of the 10th Party Congress under the leadership of the Party Central Committee over the past five years (2016-2020).
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Bangchak Corporation (BCP) Adds Coffee Shops In Laos, Cambodia
Inthanin 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.
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Authorities Ramp Up Lao-Thai Border Checks To Prevent Virus Spread
Local authorities have been urged to monitor border crossings to prevent people from entering Laos illegally from Thailand, to stem the spread of Covid-19 after a widespread outbreak in Thailand.
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Visitor Adventure Park Planned For Phou Bia Mountain
The developers expect to spend more than US$47 million to create tourism activities alongside environmental conservation measures undertaken by the Khamphay Sana Group.
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Lao Postal Enterprise Partners With Chinese Express Delivery Operator
Laos’ 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.
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Vientiane City Authorities Plan To Introduce Smart Zones
Several 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.
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Expressway Operator Clarifies Toll Charges
All 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.
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Govt Recruits Fewer Officials, Prioritises Teachers And Doctors
More than 10,000 people have been nominated by state sectors across the country for hiring as new civil servants but the government has decided to recruit only 1,600 officials in 2021
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China-Laos Railway Tracks Laid To Luang Prabang, Achieving Yearly Goals
The 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.
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More Domestic Tourists Rush To Vangvieng Amid Covid-19 Restrictions
Tourists from Vientiane and other nearby provinces are rushing to Vangvieng district for a short break despite the suspension of the Vangvieng Music Festival to curb the spread of the Covid-19 pandemic.
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Vientiane City Authorities Plan 30 Large-Scale Development Projects
Vientiane 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.
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Audit And Compliance In Laos: A Guide For Foreign Investors
The Enterprise law and the Law on Independent Audit are the main laws that establish audit requirements in Laos.
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Thailand Could See Tens Of Thousands Of New Daily COVID Cases By Next Month: CCSA
Thailand could see tens of thousands of new COVID-19 cases per day by mid January, if people fail to follow the preventive guidelines issues to combat the spread of the virus.
Read more Ban On Charter Flights Extended To Keep Covid-19 In Check
The government is continuing the suspension of charter flights as of Wednesday, aiming to prevent people bringing the coronavirus into Laos.
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Laos Introduces Corporate Criminal Liability
Not 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.
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Free Covid-19 Vaccinations May Be Available In 2021
Free Covid-19 vaccinations will be available for Lao people next year to provide protection against the potent virus while the threat of infection persists.
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Vientiane-Vangvieng Expressway Officially Open For Motorists
Motorists 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.
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Festivals Postponed Amid Covid Fears
Authorities have ordered the postponement of many popular festivals and their related activities scheduled to take place in the provinces in a recent move to prevent a potential Covid-19 outbreak in Laos.
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Govt, Private Sector Mull Use Of Electric Vehicles
The 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.
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Inflation Trending Downwards But Still High
The Consumer Price Index (CPI) has dipped in recent months after inflation peaked at 6.94 percent in January.
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“Made in Laos 2020” To Promote Economic Recovery After Covid-19 Crisis
The 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.
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Laos’ Banks Linked For Money Transfers Via Mobile App
Customers 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).
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Thailand To Remain Closed To Mass Tourism Until March, Travel Bubble Discussions Ongoing
Thailand will remain closed to the vast majority of foreign tourists until at least the second quarter of 2021.
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Up To Eight Killed Or Injured In Blast At Lao-Vietnam Border Checkpoint
Source: RFA Up to eight people were killed or injured in a blast at a checkpoint on the Laos-Vietnam border
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Opening Of Vientiane-Vangvieng Expressway Delayed
Authorities have postponed the opening of the 113.50-km expressway linking Vientiane and Vangvieng as work on the project is not yet fully complete.
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Laos Suspends Charter Flights & Entry Visas From Outbreak Countries
The government will no longer issue entry visas for people travelling to Laos from countries with a community outbreak of Covid-19, the national taskforce has announced.
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Laos Records US$729 Million In Imports, Exports For October
Laos 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.
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Lao Govt Explains Main Reasons For Rising Debt Burden
The 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.
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Laos Eagerly Anticipates Opening Of First Expressway
The Vientiane-Vangvieng section is about 110 km long, designed as a two-way four-lane expressway with a design speed of 80 km to 100 km per hour.
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Can Lao Move To A Digital Economy?
The Fourth Industrial Revolution is a train that you either get on or you’ll find yourself being left far, far behind.
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Laos, Asia-Pacific Sign World’s Biggest Trade Deal
RCEP includes China, Japan, South Korea, Australia, New Zealand and the 10 members of the Association of South East Asian Nations (ASEAN)
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Lao Govt Confident Of Economic Recovery Next Year
The government is optimistic that the economy will grow by 4-4.5 percent next year despite complex global changes and Laos’ financial difficulties.
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Coming soon! The banlao.la Homes, Loans & Lifestyle EXPO – December 4, 5, 6 2020
The 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
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Lao Govt Vows To Smooth The Path For Investors
The 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.
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Pandemic Has Set Revenue Collection Back Three Years
The impact of the coronavirus on the economy has driven revenue collection back by three years, the deputy prime minister has told the National Assembly
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International Border Crossings Remain Closed To Ordinary Travellers: Latest Update
The Prime Minister’s Office issued the update on Saturday, relaxing some of the restrictions in a bid to gradually normalise the situation and mitigate economic impacts.
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China-Laos Railway Lays 1st Section Of Electrical High-Voltage Power Cable
The first section of electrical high-voltage power cable for China-Laos Railway has been successfully laid in position.
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Lao Government Outlines Plans To Tackle Debt Issue
The 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.
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Laos Set Its Own Debt Trap
‘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
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Govt Reopens Local Border Crossings To Facilitate Business
The 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.
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Number Of Families Working In Agriculture Down By 10 Percent: Survey
A survey conducted in 2019-2020 revealed that 851,257 families in Laos work in agriculture
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Laos To Launch Fast-Track Immigration Service For China Soon
Incomers are expected to spend a shorter time in quarantine; Authorities are also considering the use of electronic tracking devices
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IMF Downgrades Laos’ Economic Growth To 0.2 Percent
The lower growth rate is attributed to several factors linked to the global economic slump, triggered by the Covid-19 pandemic.
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Economic Issues Top Agenda At Upcoming NA Session
The 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.
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Stakeholders Discuss Establishment Of Consumer Protection Association
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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Authorities Seeking To Aid Savannakhet Flood Victims
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.
Read more COVID Taskforce Details Procedures For Entry Into Laos
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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BOL To Transform IT Infrastructure System
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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Tourism Businesses In Laos Slash Prices To Woo Local Travellers
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 Announces Further Support For Laos
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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Fluctuating Exchange Rate Increases Pressure On Lao Economy
Many firms are effectively conducting business and basing their pricing on foreign currencies sold in the parallel market
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Projected Revenue Shortfall Adds To Nation’s Debt Burden
Laos is undergoing an unprecedented level of macroeconomic stress and the pandemic has worsened an already fragile economic landscape.
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Laos Records US$762 Million Trade Value For August
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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COVID-19 Pandemic Severely Impacts Lao Economy: ADB
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.
Read more Lao Airlines Issues Travel Requirements
Lao Airlines State Enterprise has issued travel advice for passengers wishing to use the airline to enter or exit Laos.
Read more Lao Govt Eases Covid-19 Prevention Measures To Mitigate Economic Impact
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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Inflation Surges In August
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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Laos Credit Downgrade Signals ‘Real’ Default Risk As China Looms
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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Business Operators Urge Cut In Transportation Costs
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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Laos-China Railway On Track Despite Covid-19 Pandemic
Construction of the Laos-China railway is progressing as planned despite the obstacles posed by the Covid-19 pandemic.
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Vientiane To Spend 7.4 billion Kip To Repair Roads, Prevent Flooding
Many roads are in need of repair after suffering damage during heavy rain
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Laos The Latest China Debt Trap Victim
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 Partners With Hi-tech Company In Land Surveys
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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Agriculture Growth Rate Falls Below Target
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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Lane Xang Minerals Resumes Operation At Sepon Mine
The primary gold project is expected to generate about US$30 million in government revenue and economic benefits
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EDL, CSG Sign Agreement To Establish Transmission Line Firm
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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Laos Faces Sovereign Default As Forex Reserves Dip Below $1bn
The country’s foreign exchange reserves have fallen below $1bn, less than Laos’ annual debt payments
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Laos To Lose Favourable Trading Status After LDC Graduation
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 Telecom Officially Launches 5G System
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 Neighboring Countries Sneak Into Laos, Sparking COVID Fears
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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7-Eleven Signs Agreement with CP ALL to Operate 7-Eleven Stores in Laos
The first 7-Eleven-branded convenience store in Laos is expected to be open in Vientiane
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Laos To Lose US$483mil In Export Revenue Over COVID-19
The country is still facing a huge trade deficit
Read more Inflation In Laos Remains Sore Point For The Poor
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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Garment Makers To Focus On Domestic Market As Foreign Orders Slump
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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Foreigners Permitted To Purchase Limited Ownership Of Land-Use Rights – Amended Lao Land Law
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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13 Vietnamese Caught Sneaking Into Laos
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 Remain A Challenge For Vientiane Authorities
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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Cabinet Instructs Business-Friendly Policy Improvements, Tightening Of Border Crossings
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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Japan And Laos Agree To Relax Coronavirus Travel Restrictions
Expatriates to be eligible first, with students and business travel on agenda
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Fiscal Deficit Ramps Up Pressures On Lao Government
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 Poured An Additional $ 41 Million Into The Dairy Project In Laos
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 Downgrades Laos’s Rating To Caa2, Outlook Changed To Negative
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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Govt, GIZ Launch Project To Promote SMEs
The project will focus on Promotion of Strengthening Regional Structures for Small and Medium Enterprise Promotion in Asean.
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Govt Takes New Steps To Prevent Second Wave Of Covid-19
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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Inflation Rises In Laos Amidst Covid Pandemic
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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Chinese Workers and Gamblers Illegally Stream Into Laos to Avoid Quarantine
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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Top 3 Expos Of Laos Postponed To 2021 Due To Covid-19 Crisis
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 To Lose Millions Of Dollars Remitted By Workers Due To Covid-19 Crisis
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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Laos Toughens Anti-Money Laundering Measures
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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J&C Marketing Seminar with AustCham Lao
“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 Prices Rise Further Amid Covid-19 Pandemic
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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Nation Needs To Focus On Fight Against Dengue Fever
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 Lao Airlines To Resume Flights On Vientiane-Hanoi Route
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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Lao Central Bank Imposes New Regulation For Currency Exchanges
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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Vientiane Authorities Set Prices Of Rice To Protect Consumers
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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Nearly One-Third Of Tourism-Related Businesses ‘May Shut Down Permanently’: Thailand
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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Processing Factories Struggle To Stay Afloat
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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Widespread Heavy Downpours Forecast Across Laos
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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Laos Suffering From Limited Sources Of Foreign Currency
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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Laos: Decision On Trademark Registration Process
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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Laos To Establish Centre For Food Quality
Source: The Star Laos will establish the National Center for the Quality Inspection of Foodstuff and Beverage to ensure the
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Lao Govt Relaxes COVID-19 Prevention Measures
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 Announces New Medical PPE Manufacturing Facility in Laos
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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One-Stop Service ‘Still Can’t Be Implemented’: DPM
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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No Chance Of Vietnam Resuming International Flights In July: Experts
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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Some Foreigners To Be Allowed Entry From July 1: Thailand
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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Laos’ Revenues From Coffee Rise Despite Reduction In Plantations
The value of coffee exported by Laos increased as the price of local coffee beans was better this year
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Thai Immigration Crackdown On Illegal Migrants Flowing Back Into The Country
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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EDL To Slash Electricity Bills For Thousands Of Householders
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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International Flights To Thailand Won’t Resume Until September, Says Aviation Authority
Thailand Civil Aviation Authority (CAAT) has said it will be September before international flights to and from the country resume.
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More Restaurants Resume Services, Some Remain Closed
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, Exporters Face Further Trade Barriers
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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Laos Has Avoided A Major Health Crisis, Yet To Be Immune To Global Economic Downturn
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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Vientiane-Vangvieng Expressway Over 70 percent Complete
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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Laos Announces Victory Over Covid-19
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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Lao Employment Law During The COVID-19 Pandemic
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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Laos-China Railway Almost 90 Percent Complete
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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Singapore Firm To Build US$1.7 billion Coal Power Plant In Laos
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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Real Estate Market Expected To Drop Sharply This Year
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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Labour Ministry Orders Businesses To Pay Workers Amid Virus Outbreak
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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Marketing in the time of COVID-19
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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Foreign Ministry Issues Update On Entry And Exit Rules
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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BOL Launches Real Time Financial System
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 Lays Off 700 Workers In Laos and Thailand As Part Of “Structural Reform”
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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Govt Lifts More Restrictions On Road To ‘New Normal’
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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Mass Unemployment The New Normal In SE Asia
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.
Read more Laos’ Tax Collections Decrease Due To Covid-19 Pandemic And New Tax Law Adjustment
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 Increase Fuel Prices
Petrol stations across Laos on Wednesday increased retail prices of petrol and diesel
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Commercial Crops In Vientiane Impacted By Drought
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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Amended Law On Insurance In Laos
The amended law addresses insurance activity in Laos, insurers’ daily operations, and termination and liquidation of an insurance company.
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PM Advises Energy Ministry To Clarify Electricity Charges
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.
Read more COVID-19 To Impact Lao PDR Growth, Debt In 2020: World Bank Report
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 Reduces Household Tariffs By 5 Percent
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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Gradual Reopening Of Int’l Borders
39 days no infections prompts gradual reopening of int’l borders
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Little Laos Teeters Towards Big Debt Crisis
Laos will be hard-pressed to meet its external debt obligations
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Lao Economy Needs Cash Injection
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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Unemployment Spirals Due To Covid-19 Outbreak
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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Travel Restrictions Lifted As More Lockdown Measures Eased
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 Revises Laos’ Outlook to Negative, Affirms Rating at ‘B-‘
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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More Thunderstorms Forecast To Rumble Across The Country
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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Petrol Prices In Laos To Decrease
The new lower rates for fuels will come into effect across Laos from 4 pm on May 14.
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Laos Sets Criteria For Entry And Exit
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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Lao Migrant Workers Clear Quarantine, Return Home, After Crossing Back From Thailand
More than 6,000 Lao migrant workers held in camps in quarantine after returning from Thailand have now gone home
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Laos Extends Flight Ban
The ban on flights to Laos continues with no end date in sight as far as government announcements go
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Laos’ Exports Drop Further Amid COVID-19 Crisis
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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Farmers Told To Brace For Dry Three Months
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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Shopping Centres Reopen To Public
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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Businesses Must Implement Virus Measures To Prevent New Outbreaks
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 Laos Cautiously Optimistic Over Covid-19 / 4.5.2020
Some prevention and control measures that were previously enforced are still in place to prevent a second wave of infections.
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Government Introduces Three-Step Business Start-Up Process
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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Lao Airlines Suspends All Flights
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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J&C Group Welcomes Customers At Office Again
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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Temporary Easing of Lockdown Restrictions
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 Completed On Laos’ Third Longest Tunnel For Railway Link With China
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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Lockdown Eased, But Thailand Remains Closed To Foreign Tourists For Another Month
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 Govt Discusses Post-Lockdown Measures / 29.4.2020
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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60 Fires In First Three Months Of Year
A total of 60 fires were reported around the country in the first three months of this year
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Schools Expected To Reopen On May 11 Under Close Supervision
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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Easing of Lockdown Restrictions Proposed
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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Ministry Says Parents Of Students In Private Schools Must Pay 50 Percent Of Fees
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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Ban On Inbound Flights Continues: Thailand
The Civil Aviation Authority of Thailand (CAAT) is planning to extend its inbound flight ban for another 15 days
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Vientiane Cuts Waste Disposal Fee By 50 Percent
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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PM Extends Restrictions For Virus Control, Some Eased To Minimise Economic Impact
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, Businesses To Operate Amid Lockdown
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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Lao Tourism Income To Decline At Least US$350 Million In 2020
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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Bushfires Destroy 100,000 Hectares Of Forests
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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Widespread Thunderstorms, Strong Winds Forecast Until Sunday
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 To Resume All Domestic Flights Next Month
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 Extends Foreigners’ Visas As Coronavirus Cases Slow
Thailand’s cabinet approved a second automatic visa extension for foreigners for three more months until July 31
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Thailand Warns Food Delivery Apps For Overcharging Amid Coronavirus Outbreak
Thailand’s anti-monopoly watchdog warned food delivery platforms they could face fines for charging higher commissions
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Twelve Predictions For Life After Coronavirus: Travel & Tourism
12 predictions for the travel and tourism industry in Asia
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Trade Deficit Spikes In March
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 Urged To Enforce PM’s Order On Lockdown
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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Schools, Centres Of Higher Education To Remain Closed
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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Lockdown Extended Until 03 May !
Prime Minister Thongloun Sisoulith has extended the current lockdown for Laos until 3 May 2020.
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Vientiane Focuses On Food Security Amid Covid-19 Pandemic
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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Lao Economic Growth Shrinks Amid Drop in Production, Spending
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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Laos Goes To The Movies
Local filmmakers are starting to overcome financing and censorship constraints
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Govt Pledges Food Security During Outbreak Fears
There are sufficient imported sources of consumer goods to maintain food security Lao authorities have said.
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Lao PM Announces Tax Break
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 Bus Suspends All Services
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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Tax Update: Postponement Of The Filing Due Date of Financial Statements for 2019
The filing due date of the financial statements for 2019 is postponed to 30 April 2020
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Fuel Prices Drop Despite Concerns Over A Shortage Of Supply
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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Vientiane Splashing 74 Billion Kip on Irrigation Improvements
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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Laos Adopts Stimulus Package To Minimise Virus Economic Impact
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: Senior Economist
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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Thai Economic Outlook Among Asia’s Weakest
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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Northern Laos Province Closes 10 Border Crossings With Vietnam
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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Laos Cancels Public Events Including Lao New Year Celebrations on COVID-19 Fears
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 announces flight suspensions VTE-BKK
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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Laos To Increase Domestic Distribution Of Electricity
Coverage by the national power grid is still limited due to a lack of funding for power grid development
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Idle Factories, Empty Trade Zone Highlight Coronavirus Impact on Southeast Asia
China-dependent countries feel fallout in tourism, manufacturing, and exports.
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Economic Recession Possible In Laos Due To Covid-19
The first sector hit hard by the situation is tourism, followed by investment and trade.
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A Silent Epidemic? Experts Fear the Coronavirus Is Spreading Undetected in Southeast Asia
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 Allegedly Run Illegal Car Rental and Taxi Businesses in Laos
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 Remain A Large Slice Of Laos’ Export Pie
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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