Education authorities are assessing the readiness of schools in Vientiane to restart face-to-face classes in Grade 5 of primary schools and Grades 4 and 7 of secondary schools following months of closure due to the Covid outbreak.
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Health authorities have lifted restrictions on Covid-19 patients following discharge from hospital, allowing them to resume their lives without further testing or isolation.
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The World Bank has predicted that Laos will see economic growth of 4.5 percent in 2022 and 4.8 percent in 2023 despite projected slower growth of the global economy.
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The total value of goods imported and exported by Laos in December rose to over US$1.1 billion
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Health authorities say that 421 people died from Covid related causes last year and that more than 100,000 people contracted the virus.
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Health officials are speeding up the Covid vaccination programme, aiming to vaccinate 87.25 percent of the population by the end of this year.
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The Omicron variant has been detected in a passenger arriving on flight AK7552 from Malaysia on Sunday.
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The Lao PDR’s international trade volume for November reached US$912 million with exports valued at US$390 million and imports estimated at US$521 million
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The pandemic has led to Chinese authorities putting in place strict measures to monitor drivers and cargo bound for China. This has resulted in thousands of cargo vehicles on both sides of the border facing long waits.
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The Prime Minister’s Office on Wednesday officially set January 1 as the start of the resumption of tourism in Laos and approved an action plan on the designation of green travel zones where tourists will be protected against Covid-19.
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The Lao economy is projected to grow by 4.2 percent in 2022, driven by commercial production for exports and opportunities and benefits arising from the Laos-China Railway.
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Despite racking up a trade deficit of US$336 million in the first 11 eleven months of 2021, the government is hopeful that its planned trade targets will be reached by the end of year.
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The committee will formulate procedures to facilitate the return of tourists and their travel within Laos, including immigration regulations and the electronic tracking of visitors following their arrival.
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To begin with, tickets will be on sale at railway stations but will not be available online, and travel will be limited to destinations within Laos because of the ongoing Covid-19 outbreak
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The government will require 18.7 trillion kip (US$1.8 billion) to address the projected fiscal deficit and repay domestic and overseas loans by the end of this year
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Laos registered a record monthly trade deficit of US$45 million in October, when total two-way trade was worth US$819 million
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Chinese authorities have reopened the border crossing from Boten into China for a three-day test run
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Covid-19-related restrictions were eased to allow schools at all levels across the country to reopen
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Health authorities are advising people with Covid-19 who have mild or no symptoms to self-isolate at home instead of going to a hospital
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Laos saw the year-on-year inflation rate moving up from 3.81 percent in August to 4.17 percent in September
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Laos and Thailand have agreed to set up a working committee to further discuss details and regulations concerning the reopening of their shared land border.
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Filling stations began to post signs reading “No Gas” or “Temporarily Closed” around Nov. 1, and supplies have fallen since
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The government is set to hold talks with business operators to encourage them to produce more of the goods required by Chinese buyers
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The government has in general extended Covid-19 control measures for another 15 days but has lifted some restrictions in order to ease the economic impacts, such as the reopening of more schools and factories.
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The International Monetary Fund (IMF) is projecting that Laos will see economic growth of just 2.1 percent this year, down from the 4.7 percent growth rate predicted in April.
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The Lao Federation of Trade Unions (LFTU) plans to ask the government to approve an increase in the monthly minimum wage from 1.1 million kip to 1.3 million or 1.5 million kip.
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Thailand is Laos’ largest trading partner but the country’s main export markets continue to be China and Vietnam.
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The number of new locally-transmitted Covid cases recorded over the past five days remains high, especially in the provinces of Vientiane, Khammuan, Savannakhet and Luang Prabang.
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The government has vowed to reduce the total public and publicly guaranteed debt stock to 64.5 percent of Gross Domestic Product (GDP) by the end of 2023.
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People hoping to build a house this coming dry season will have to think twice now that the price of many construction materials on sale in Vientiane has risen sharply.
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Prime Minister Phankham Viphavanh said on Wednesday that the Laos-China Railway will open on December 2 – the day when the Lao PDR will celebrate its 46th anniversary.
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The Lao Statistics Bureau has highlighted three main underlying causes of inflation, amid rising concerns over the ongoing health crisis and food security.
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The Lao government has extended measures to counter the Covid-19 outbreak for another 15 days until October 15 as infections have continued to rise.
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Prime Minister Phankham Viphavanh has told the Ministry of Energy and Mines to re-negotiate with the operators of hydropower and mining projects to ensure fair benefits from such projects
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This year’s Covid-19 outbreak has deepened the impacts on Laos’ economy, resulting in business shutdowns, growing health concerns, and falling sales.
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The unanticipated Covid-19 pandemic has delayed economic recovery in Laos, with consumption hit hard by the virus control measures implemented since April
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Authorities have ordered a full lockdown of Vientiane following new clusters of locally-transmitted cases of Covid in several factories.
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Not counted is the cost in damage to the country’s environment and Lao citizens’ loss of homes and livelihoods, experts say.
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Laos registered a record low trade deficit of US$24 million in August compared to the previous records of the year, with the two-way trade value amounting to US$880 million
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he economic fallout in Laos over the second quarter of this year as employment fell off sharply and households and businesses suffered declining income and revenue
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Laos registered a record trade deficit of US$99 million in July, with exports valued at US$374 million and imports at a US$473 million, comprising a total two-way trade value of US$847 million.
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Revenue earned from potential mining operations, revamped state enterprises and from other as yet untapped sources will be used to pay debts amounting to almost US$14 billion
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Recent college graduates in Laos are having trouble finding work, as businesses continue to shut down in the face of economic difficulties tied to the COVID-19 pandemic.
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The Ministry of Finance has revised several articles of the Law on Income Tax, to enable businesses to operate
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The United States has an opportunity to reset its relationship with Laos and establish a future-oriented partnership based on economic development to offer a complement to Chinese influence.
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Laos is making strides toward providing clear legal guidance for e-commerce operations by issuing legal measures to facilitate the regulation of online business activities.
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Laos saw a record US$932 million in the value of imports and exports for June, but recorded a trade deficit of US$62 million
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The garment industry in Laos requires more workers, both skilled and unskilled, with almost all garment factories in Vientiane now reopening as lockdown restrictions are lifted.
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The surge in imported cases of Covid-19 has prompted the government to extend the virus control measures outlined in Prime Ministerial Order No. 15 for another 15 days until August 3.
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The government has vowed to take stronger action to contain the spread of Covid-19 and to tackle economic difficulties created by the pandemic.
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Lao and Russian foreign ministers have agreed that both sides will work together to cement ties and broaden cooperation between their two countries.
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The consumer price index has continued to surge despite measures imposed by the government to manage the prices of goods in local markets.
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China is the largest market for Lao exports, while Thailand remains one of Laos’ main importing countries with imports reaching a record value of US$227 million in May.
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Laos has issued important new guidelines on obtaining investment promotion incentives in the country.
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The government has extended the lockdown for another 15 days until June 19, with restrictions to continue in areas of infection known as red zones, while some virus control measures have been eased.
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A number of policies are being considered to mitigate the effects of the ongoing Covid-19 outbreak on the economy and people’s livelihoods.
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Once opened, the Laos-China Railway promises to be a significant engine of business development in Laos.
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In order to maximise benefits from the rail project, Laos must quickly create a business friendly environment.
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Newly-elected Prime Minister Phankham Viphavanh highlighted the seven concerns
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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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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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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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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 is undergoing an unprecedented level of macroeconomic stress and the pandemic has worsened an already fragile economic landscape.
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The country is still facing a huge trade deficit
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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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Lao Prime Minister Thongloun Sisoulith just announced the following tax measures to reduce the impact from COVID19 on SME’s
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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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Economic growth in Laos is expected to remain stable this year and next, supported by the expanding agriculture, energy, industry and services sectors, says a new Asian Development Bank (ADB) report.
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