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 vehicle market in Laos is likely to accelerate in 2019 as the government has improved its trade promotion policy and car manufacturers are offering incentives to boost sales.
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The government may re-impose a vehicle quota system as part of efforts to curb the rising number of vehicles in Vientiane.
An official told local media recently the government had assigned the ministry to develop concrete measures to cut down the rising number of vehicles in the country, one of the causes of traffic congestion in major cities.
The official said that under the quota system, the ministry will be able to ban imports of ….