State Enterprise Reform: Some Now Profitable, Others Dissolved

Two 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

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Covid-19 Cases In Laos Surpass 200,000 But Infections Are On A Downward Trend Despite Festive Season

The 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.

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Laos Issues Tax Obligations for Non-Resident E-commerce and Digital Platform Providers, Joins Other ASEAN Markets

Under 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.

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Labour Ministry To Set Up Worker Database

A 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.

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Work On Vientiane-Vung Ang Railway Expected To Start In November

The 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.

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Measures To Free Stranded Trucks, Rail Transport To China Outlined  

Lao 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.

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Schools Prepare To Resume Face-To-Face Classes

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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PM’s Office Approves Resumption Of Tourism On January 1

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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Govt Extends Covid Controls But Keen To Open Schools, Factories

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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More Workers Needed For Lao Garment Industry

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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Covid Restrictions Extended, Some Lifted To Ease Economic Impacts

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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Authorities Mull Policies To Ease Impacts Of Covid-19

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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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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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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