Laos Faces Labour Shortage as Living Costs Skyrocket
Lao people seeks jobs in the neighboring countries, resulting in labor shortage in Laos.
Read MoreLao people seeks jobs in the neighboring countries, resulting in labor shortage in Laos.
Read MoreBusiness and economic connectivity is set to be one of the key drivers of growth between the two nations in upcoming years.
Read MoreYear-on-year inflation in Laos jumped to 40.3 percent in January, the highest rate in 23 years, according to the latest report from the Lao Statistics Bureau.
Read More5th Thai-Lao Friendship Bridge connecting Bueng Kan with Bolikhamsai to open in 2024
Read MoreThe steps needed to register a new business have now been posted online to ease business start-up, which will save time and simplify the process.
Read MoreThe price of beef, pork and farmed fish on sale in markets is continuing to rise, with no sign of a pending decrease given the weak kip and high inflation rate.
Read MoreAlthough its construction has been surveyed and studied for many years, the highway project has not progressed.
Read MoreThe payment of government officials’ salaries, investment in development projects and repayment of debts constitute the largest portion of government expenditure allocated for 2023
Read MoreThe Reform Committee of Electricite du Laos (EDL) will roll out four measures aimed at resolving the company’s debt issues
Read MoreChina has eased Covid-19 control measures after almost three years of travel restrictions
Read MoreThe government plans to mobilise 41.15 trillion kip to address the projected fiscal deficit and repay domestic and overseas loans by the end of 2023
Read MoreLaos has recorded one of the highest rates of economic growth in South-East Asia over the past two decades, but few jobs have been created.
Read MoreIn December 2022, Laos set a new record for the highest inflation rate of the year
Read MoreDespite the global economic downturn, the National Assembly of Laos has set an economic growth target of at least 4.5% for 2023
Read MoreTo achieve this goal, the Ministry of Finance has pledged to modernise customs management systems at the main border checkpoints as part of efforts to plug loopholes resulting in financial leaks
Read MoreChina will stop requiring inbound travellers to go into quarantine starting from Jan. 8
Read MoreThe issuing of the notification was attributed to many reasons, such as the unfolding situation of Covid-19 in Laos and neighbouring countries, as well as globally
Read MoreA straw hut village has opened in Meuang Feuang district, Vientiane province, as a new tourist attraction in this increasingly popular bucolic riverside retreat
Read MoreThe government is looking at ways to derive more financial benefit from e-commerce, hoping to better manage and develop this form of business in order to earn more revenue.
Read MoreThe Asian Development Bank (ADB) has forecast that the inflation in the Lao People’s Democratic Republic (Lao PDR) will average 23% in 2022 before falling to 10% in 2023
Read MoreSkyrocketing inflation is causing great hardship and people are desperately wondering how they can survive as prices across all categories hit record highs.
Read More“Most importantly, more inbound flights should be started and the number of countries eligible for visa-free travel should be increased.”
Read MoreSoutheast Asian countries look set to maintain ties with Russia as a trio of global summits loom, despite United States-led efforts to isolate Moscow over its Ukraine invasion
Read MoreThe main exports included copper, rubber, bananas, cassava and other agricultural products
Read MoreChina has become a key export market for Lao goods, especially agricultural produce, following the opening of the Laos-China Railway at the end of 2021.
Read MoreThe price of food and non-alcoholic beverages has surged by 38.8 percent year-on-year, driven by the rising price of rice and other daily food items such as pork, poultry, fish, seafood, eggs, vegetable oil, fruit and vegetables
Read MoreTransport costs are not the only problem facing the country, but reducing them could help spur progress in other areas.
Read MoreAll seven freight stations on the Laos-China Railway are now operational following the opening of Xay station in Oudomxay province on Tuesday.
Read MoreThe Association of Thai Travel Agents (Atta) believes that about 3 million Chinese tourists may use the almost 423 km long electrified railway that runs between the Lao capital of Vientiane and Boten town in northern Laos bordering China.
Read MoreLaos was listed behind Norway, Malé, Los Angeles, Slovenia and Barbados, which all got special mention at www.wanderlust.co.uk.
Read MoreResidents in Lao capital tighten their belts by giving up buying trendy things, spending money wisely, growing vegetables and using domestic products to beat the spiraling inflation which hit a 22-year high in September.
Read MoreLaos & S. Korea have signed a Memorandum of Understanding (MOU) on cooperation in relation to the dispatch of Lao nationals for seasonal employment in agriculture and fishery in Korea
Read MoreAlthough 72 percent of the population have had two Covid vaccinations, only 14 percent have had a booster dose, the Ministry of Health has revealed.
Read MoreStatistics show the average visitor on a group tour stays for 2.5 days and spends about US$45 per day. In contrast, an individual visitor stays …
Read MoreUnder the new policy, money changers will be allowed to buy foreign currencies from customers but are forbidden to sell currencies other than kip
Read MoreThe Asian Development Bank (ADB) believes the Lao economy will see a gradual recovery next year, supported by new investment and higher renewable energy and mining output.
Read MoreThe survey indicates that businesses main need are for accountants, followed by sales staff.
Read MoreThe IMF’s downgraded growth for Laos is linked to both external and internal factors, with the report forecasting that global growth will decrease from 6.0 percent in 2021 to 3.2 percent in 2022 and 2.7 percent in 2023.
Read MoreFifty-four developing economies, including Laos, that account for more than half of the world’s poorest people need urgent debt relief as a result of cascading global crises
Read MoreInflation rate in Laos surged from 30.01% in August, 2022, to 34% in September
Read MoreThe bitqik platform provides full brokerage and trading services in cryptocurrencies and other digital assets, both within Laos and the region.
Read MoreWorld trade is expected to lose momentum in the second half of 2022 and remain subdued in 2023, as multiple shocks weigh on the global economy
Read MoreThe currency devaluation is having a damaging effect on the Lao economy, driving up the price of products and creating more hardship for the poor.
Read MoreLao Mountain Coffee’s peaberry blend has won first place in the Continental Awards for Asia coffee competition.
Read MoreThe Laos-China Railway plans to begin operating ordinary train service to ease the rising demand for train travel, especially at the weekend.
Read MoreThe 21 deaths included six in Attapeu, five in Vientiane, three each in Luang Namtha and Saravan, two in Xieng Khuang, and one each in Sekong and Oudomxay province.
Read MoreSome 700 Malaysians are reportedly being held captive in Bokeo province, Laos and have been abused by the resort managers who are allegedly demanding a large ransom for their release
Read MoreVaccination proof/ATK test result no longer needed, while period of stay in the kingdom is extended to 45 days for tourists entitled to visa exemption and to 30 days for Visa on Arrival.
Read MoreEconomic performance in Laos could be compromised by slowing global demand, rising debt, and a reliance on short-term economic fixes to cushion against food and fuel price increases
Read MoreThe government has vowed to further address mounting public debt and the vulnerability of the macroeconomy to prevent the country from being dragged into default.
Read MoreLaos, Thailand, and China are thinking about building a new railway bridge, running parallel to the first Lao-Thai friendship bridge
Read MoreThe Asian Development Bank (ADB) has lowered its 2022 economic growth outlook for Laos to 2.5 percent from 3.4 percent projected in April and to 3.5 percent from 3.7 percent for 2023.
Read MoreThe company’s policy is linked to the unfavourable global economic outlook and continuing depreciation of the kip, which are impacting on businesses in Laos.
Read MoreThe Laos-China Railway Company Limited has announced that it will provide overnight parking and toilet facilities at the station in Vientiane.
Read MorePrime Ministerial Decree 599 demands excess vehicles be returned in push to rein in corruption.
Read MorePeople with low incomes across the country are concerned about their growing expenses on food following a steep rise in the prices of agricultural and food products.
Read MoreDiscoverLaos and J&C Group have recently formed a new strategic partnership
Read MoreCross-border tourism flows increase, and fresh goods exports find new markets
Read MoreSome of the direst warnings in more than a decade have been issued from two major Thai sources regarding severe flooding this year in Bangkok, the Thai capital.
Read MoreGeo-economic factors mean that the concerns about Laos defaulting are unrealistic.
Read More“The EV is one of the keys to fight inflation,” Loca chief executive Souliyo Vongdala tells the Straits Times.
Read MoreRetail and wholesale outlets together with car and motorbike repair businesses accounted for 29.4 percent of all new business registrations in the first six months of 2022.
Read MoreThousands of people in northern areas of Laos are suffering after rivers flooded following several days of heavy rain.
Read MoreSource: TheStar A total of 5,885,061 Lao people have had one dose of a Covid-19 vaccine, equaling 80.2 per cent
Read MoreThe main importing countries of Laos include Thailand, China, Vietnam, the United States, and Japan.
Read MoreLaos has seen a surge in the number of visitors following the lifting of travel restrictions in January as the Covid-19 pandemic subsided.
Read MoreRemoval of the excise tax charged on diesel is in response to a request from fuel businesses and importers, who are struggling source sufficient funds to buy fuel.
Read MoreThe higher prices of fuel and consumer goods and the continuing depreciation of the Lao currency kip are among the main factors driving the inflation.
Read MoreThe government has outlined measures to reduce extravagance and promote austerity, to cut waste and ensure effective use of the state budget for the intended purpose and the maximum benefit of the nation.
Read MoreAs tourists return to Laos, with many coming from Thailand, there have been complaints about the high prices charged at some hotels, guesthouses and restaurants.
Read MoreThe government is holding talks with the Lao Fuel and Gas Association over the possibility of importing another shipment of fuel, as it is expected that current stocks will be depleted by the end of this month,
Read MoreDuring the first six months of this year, Lao nationals working in other countries transferred millions of US dollar in remittances to Laos, with most of the money going to their parents.
Read MoreThe Lao government is committed to ensuring that sufficient supplies of fuel are provided to meet public demand and boost economic growth after a countrywide fuel shortage in May and June caused widespread disruption.
Read MoreLaos has one of the highest inflation rates in the region, with the price rise recorded 23.6 percent year-on-year in June, according to ADB
Read MoreThe West has pressed Laos to ditch Russia and support its sanctions but the SE Asian nation has stayed true to its old Cold War ally
Read MoreThe government pledged to ensure sufficient fuel is available by pursuing market-based mechanisms, saying this would minimise damage to the economy and small-scale commercial production.
Read MoreThe central banks of five Southeast Asian (SEA) countries have agreed to link their payment systems by November of this year, in order to allow for easier transactions for travellers within the region.
Read MoreA number of Lao social media users have called on authorities to take immediate action to prevent the cheating of foreign visitors by some vendors at popular tourist destinations such as Luang Prabang.
Read MoreThe year-on-year inflation rate hit 23.6 percent, the highest figure ever recorded since May 2000.
Read MoreThe Asian Development Bank (ADB) has lowered its economic growth forecast for developing Asia including Laos to 4.6 percent this year, from 5.2 percent projected in April.
Read MoreLand surrounding a new railway station in the capital is in high demand, sources say.
Read MoreThe monthly minimum wage in the country will be increased to 1.2 million kip (US$78) starting on August 1.
Read MoreLaos faces intensifying economic and financial crises and there is likely no way out without some form of a Chinese bailout or debt forgiveness.
Read MoreFew of the fishermen are there legally, leaving them vulnerable to exploitation
Read MoreThe inflation rate in Laos hit 23.6 percent year-on-year in June, the highest figure ever recorded since May 2000 as surging prices of energy and consumer goods continue to deepen hardship and create new pains for the Lao public.
Read MoreThe premier said changes to the quantity of vehicles, alcoholic beverages and other imported luxury items would be considered, so that shrinking foreign currency reserves could be kept for essential goods.
Read MoreThe government’s policy for promoting EVs includes zero percent tariffs, an excise tax of only three percent and a value-added tax of seven percent in order to lower the prices of EVs
Read MoreThailand Pass registration and compulsory Covid-19 insurance will be lifted for all people arriving in Thailand from July 1
Read MoreSource: Bloomberg Laos, with dwindling cash reserves and surging inflation, is facing some of the same strains that pushed Sri
Read MoreThe Lao government will aim for Gross Domestic Product (GDP) growth of at least 4.4 percent over the last six months of this year
Read MoreTwo banks previously owned by the state and which suffered chronic losses have begun making a profit following major reforms that saw a 70 percent stake in the banks sold to local investors
Read MoreMore than 2,000 Lao people are arriving in Nong Khai province every day after the Thai-Laos border checkpoint reopened.
Read MoreExpansion of the route makes Thailand a ‘China Plus One’ Option
Read MoreLao health authorities are monitoring tourists for cases of monkeypox, following a report from the World Health Organisation (WHO) that cases of the disease have emerged in several countries.
Read MoreFew people have crossed the Lao-Thai Friendship Bridge linking Vientiane to Nong Khai province in Thailand since the government reopened all international border crossings on May 9.
Read MoreForeigners are still required to download Thailand Pass prior to entering Thailand
Read MoreLao workers are returning to Thailand where they can make more money.
Read MoreA plummeting currency, dwindling foreign reserves, and a spike in global oil prices have led to shortages across the country.
Read MoreThe value of the Lao kip has dropped significantly since last year against the backdrop of volatility in the global fuel market due to the Russia-Ukraine conflict.
Read MoreThai authorities are preparing for border reopening with Laos after the neighbouring country lifts entry restrictions from Monday.
Read MoreThe government has announced that all international border crossings will reopen, so that Lao and foreign nationals, well as stateless people, can enter and exit Laos freely.
Read MoreThe National Taskforce for Covid-19 Prevention and Control reported in an announcement yesterday that the Covid-19 situation had not been dramatically affected by new year celebrations.
Read MoreThe government has agreed in principle to increase the minimum wage in a bid to ease the hardships suffered by many people amid the rising cost of living.
Read MoreA total of 99.67 percent of people living in areas of the country designated by the government as Tourism Green Zones have been vaccinated against Covid
Read MoreLaos registered record two-way trade of US$1,100 million, including exports of US$600 million and imports worth approximately US$500 million, in March, resulting in a trade surplus of US$100 million.
Read MoreThe cost of imported household goods surged by 15-50 percent in April compared to the figure recorded in January
Read MoreUnder the new rules, non-resident e-commerce and digital platform providers must register for a tax identification number (TIN) via an online portal to file and pay their taxes. Further, they must register and pay value-added tax (VAT) if their annual revenue meets a certain threshold.
Read MoreThe year-on-year inflation rate in Laos surged 8.5 percent in March, even more than expected, and rose to the highest figure recorded since January 2016.
Read MoreThe government will consider cutting or even waiving excise tax on the price of imported oil, to reduce skyrocketing prices at petrol stations.
Read MoreLaos’ economy is projected to expand by 3.8 percent in 2022, down from the 4.5 percent growth rate predicted in October last year, and 3.3 percent in the downside scenario, according to the World Bank’s latest report.
Read MoreThe government is mulling full reopening of the country to foreign tourists after piloting the first phase of partial reopening for targeted groups of visitors.
Read MoreThe Lao Federation of Trade Unions (LFTU) has called on businesses, including garment factories, to pay workers the increased minimum wage, which rises from 1,100,000 kip to 1,500,000 kip per month this year.
Read MoreElectricite du Laos (EDL) lost more than 200 million kip last year due to illegally modified electricity meters and other forms of electricity theft.
Read MoreTo reduce the pressure of rising food prices, the government will cut the cost of fuel by 650 kip per litre for premium fuel, 540 kip per litre for regular fuel and 610 kip per litre for diesel
Read MoreInflation in Laos has surged higher than the projected rate for the Gross Domestic Product (GDP), sparking fears among many people regarding the impact on their living standards.
Read MoreLaos’ first perfume brand HSMM Fragrance launched two new scents – “Lady of Lao” and “Black Intense” – at the 2021 Outstanding Entrepreneurs “Made in Laos” Award ceremony held in Vientiane la
Read MoreA Labour Registration and Data Platform will be set up in Vientiane for the compilation of information concerning both Lao and foreign nationals working in Laos.
Read MoreLaos-China Railway Company Limited opened a ticket office in Luang Prabang city on Thursday, giving rail passengers an option to queueing for tickets at the station.
Read MoreThe railway, estimated to cost US$5 billion, is a proposed line that the Lao and Vietnamese governments have agreed to jointly develop. It would enable landlocked Laos to access the deep seaport – the closest feasible seaport to Vientiane.
Read MoreThe rise in price of imported fuel means that retail prices in Laos will inevitably continue to rise.
The price of oil is factored into the cost of production, meaning that product prices will also rise.
Developers and operators of four hydroelectric power plants in Laos will sign power purchase agreements with energy policymakers in Laos and Thailand within May under a plan to promote more renewable energy.
Read MoreLao Airlines – the national flag carrier – has decreased domestic flights to balance its revenues and expenditure.
Read MoreA rise in cases of the Omicron variant, particularly in Vientiane, may be causing the country to experience its third wave
Read MoreLao authorities will ask their Chinese counterparts to consider reopening more border crossings to allow trucks carrying goods to enter China as hundreds remain stranded at the Boten-Mohan crossing on the Laos-China border.
Read MoreThe government is aiming for a trade surplus of at least US$1.55 billion this year, despite the country’s economic difficulties triggered by the Covid pandemic.
Read MoreA total of 5,940,724 people had received a first dose of a Covid vaccine, equal to 69.43 percent of the population
Read MoreAttempts to increase the minimum wage are meeting with resistance because of the impacts on businesses caused by the Covid-19 pandemic.
Read MoreA drug to treat Covid-19 in Laos will soon be available in the form of Molacovir, at a relatively cheap price and with guaranteed quality.
Read MoreLaos took on huge debt to become the “Battery of Southeast Asia,” but sales are not as robust as hoped.
Read MoreTravel industry figures fear the war in Ukraine could derail the much-anticipated recovery of tourism-dependent economies in Southeast Asia just as COVID-19 travel restrictions are finally being lifted across the region.
Read MoreThe Vientiane Women’s Union plans to contribute to the nation’s economic recovery amid economic and financial difficulties caused by the Covid-19 pandemic by organising its first carnival.
Read MorePassengers on the Laos-China Railway may purchase only two tickets at a time and must present their ID card and Covid-19 vaccination certificate when buying tickets at the new sales outlet in the city centre
Read MoreThe year-on-year inflation rate in Laos jumped to 6.25 percent in January, the highest figure recorded since January 2020.
Read MoreThe decision was made after Lao ambassador to Thailand Seng Soukhathivong paid a courtesy call on Prime Minister and Defence Minister Gen Prayut Chan-o-cha to mark the occasion of his 4.5 years at Government House.
Read MoreThe Laos-China Railway Company has announced it will operate a slower-speed train in addition to the two existing high-speed EMU trains to meet the growing needs of passengers.
Read MoreTickets for travel on the Laos-China Railway will soon go on sale at the Vientiane Center
Read MoreIn the past 42 days, fuel prices have risen four times, causing heated debate among members of the public who are increasingly concerned about the spiralling cost of consumer goods.
Read MoreLaos recorded a trade surplus of US$41 million in the first month of this year, with China continuing to be the country’s largest export market.
Read MoreLCRC also asked the government to counter negative publicity concerning the railway as well as for assistance with other issues
Read MoreSource: EAF Despite closed international borders and rolling lockdowns due to the ongoing COVID-19 pandemic in 2021, the Lao People’s
Read MoreHundreds of trucks loaded with goods are stranded at the Boten-Mohan crossing on the Laos-China border, with strict Covid screening procedures causing long delays.
Read MoreChina topped the list of five main countries for exports with a figure of US$ 2,221 million, and the others were Thailand (US$ 2,187 million), Vietnam (US$ 1,220 million), Australia (US$ 348 million), and Switzerland (US$ 116 million).
Read MoreLaos is suffering from one of the highest inflation rates in the region, raising concerns as the population suffers from financial hardship
Read MorePolicymakers in Laos are studying a proposal to rise the country’s minimum wage as inflation and an increasing cost of living bites particularly low-earners
Read MoreThe prices of goods and services in Laos continue to rise at a rate unseen since August 2020, increasing by 5.27 percent in December last year when compared to the figures for the same period in 2020.
Read MoreThe government has pledged to remove barriers that hinder business operations in Laos while speeding up bitcoin mining by authorised companies.
Read MoreEducation 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.
Read MoreHealth authorities have lifted restrictions on Covid-19 patients following discharge from hospital, allowing them to resume their lives without further testing or isolation.
Read MoreThe 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.
Read MoreThe total value of goods imported and exported by Laos in December rose to over US$1.1 billion
Read MoreHealth authorities say that 421 people died from Covid related causes last year and that more than 100,000 people contracted the virus.
Read MoreHealth officials are speeding up the Covid vaccination programme, aiming to vaccinate 87.25 percent of the population by the end of this year.
Read MoreThe Omicron variant has been detected in a passenger arriving on flight AK7552 from Malaysia on Sunday.
Read MoreThe 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
Read MoreThe 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.
Read MoreThe 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.
Read MoreThe 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.
Read MoreDespite 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.
Read MoreThe 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.
Read MoreTo 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
Read MoreThe 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
Read MoreLaos registered a record monthly trade deficit of US$45 million in October, when total two-way trade was worth US$819 million
Read MoreChinese authorities have reopened the border crossing from Boten into China for a three-day test run
Read MoreCovid-19-related restrictions were eased to allow schools at all levels across the country to reopen
Read MoreHealth authorities are advising people with Covid-19 who have mild or no symptoms to self-isolate at home instead of going to a hospital
Read MoreLaos saw the year-on-year inflation rate moving up from 3.81 percent in August to 4.17 percent in September
Read MoreLaos and Thailand have agreed to set up a working committee to further discuss details and regulations concerning the reopening of their shared land border.
Read MoreFilling stations began to post signs reading “No Gas” or “Temporarily Closed” around Nov. 1, and supplies have fallen since
Read MoreThe government is set to hold talks with business operators to encourage them to produce more of the goods required by Chinese buyers
Read MoreThe 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.
Read MoreThe 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.
Read MoreThe 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.
Read MoreThailand is Laos’ largest trading partner but the country’s main export markets continue to be China and Vietnam.
Read MoreThe 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.
Read MoreThe 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.
Read MorePeople 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.
Read MorePrime 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.
Read MoreThe Lao Statistics Bureau has highlighted three main underlying causes of inflation, amid rising concerns over the ongoing health crisis and food security.
Read MoreThe Lao government has extended measures to counter the Covid-19 outbreak for another 15 days until October 15 as infections have continued to rise.
Read MorePrime 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
Read MoreThis year’s Covid-19 outbreak has deepened the impacts on Laos’ economy, resulting in business shutdowns, growing health concerns, and falling sales.
Read MoreThe unanticipated Covid-19 pandemic has delayed economic recovery in Laos, with consumption hit hard by the virus control measures implemented since April
Read MoreAuthorities have ordered a full lockdown of Vientiane following new clusters of locally-transmitted cases of Covid in several factories.
Read MoreNot counted is the cost in damage to the country’s environment and Lao citizens’ loss of homes and livelihoods, experts say.
Read MoreLaos 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
Read Morehe 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
Read MoreLaos 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.
Read MoreRevenue 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
Read MoreRecent 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.
Read MoreThe Ministry of Finance has revised several articles of the Law on Income Tax, to enable businesses to operate
Read MoreThe 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.
Read MoreLaos is making strides toward providing clear legal guidance for e-commerce operations by issuing legal measures to facilitate the regulation of online business activities.
Read MoreLaos saw a record US$932 million in the value of imports and exports for June, but recorded a trade deficit of US$62 million
Read MoreThe 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.
Read MoreThe 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.
Read MoreThe government has vowed to take stronger action to contain the spread of Covid-19 and to tackle economic difficulties created by the pandemic.
Read MoreLao and Russian foreign ministers have agreed that both sides will work together to cement ties and broaden cooperation between their two countries.
Read MoreThe consumer price index has continued to surge despite measures imposed by the government to manage the prices of goods in local markets.
Read MoreChina 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.
Read MoreLaos has issued important new guidelines on obtaining investment promotion incentives in the country.
Read More