Lao Economy

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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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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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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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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 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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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.

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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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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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BusinessCoronavirus / covid-19GovernmentInvestmentsLao EconomyLatest News

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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BusinessCoronavirus / covid-19GovernmentLao EconomyLatest News

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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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.

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Coronavirus / covid-19EducationGovernmentHealthLao EconomyLatest News

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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BusinessCoronavirus / covid-19GovernmentHealthLao EconomyLatest News

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.

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BusinessCoronavirus / covid-19Finance - Banking - MoneyGovernmentHealthInvestmentsLao EconomyLatest News

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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Coronavirus / covid-19EducationGovernmentHealthLao EconomyLatest News

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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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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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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Lao Banks Partner In Integrated Payment System

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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BanksBusinessFinance - Banking - MoneyGovernmentInvestmentsLao EconomyLatest News

Central Bank To Focus On Currency Management Amid Challenges

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.

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Onboarding New Marketing Clients

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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Thailand Turns To China For High-speed Rail Boost

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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Cambodia’s “Reckless” Microfinance Industry Puts Economy At Risk

Cambodia’s $8 billion microfinance industry, touted by Western aid groups and foreign investors as bringing financial opportunities to the country’s poor, is ensnaring families in crushing debt and could threaten the country’s economy

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