Laos Records US$932 Million Trade Value In June
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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Lao Economy
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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Govt To Take Stronger Action To Contain Spread of Covid-19
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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Laos, Russia Agree To Cement Ties, Broaden Cooperation
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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Laos Grapples With Rising Inflation
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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Laos’ trade deficit exceeds US$54 million in May
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 Sets Out Rules for Securing Investment Promotion Incentives
Laos has issued important new guidelines on obtaining investment promotion incentives in the country.
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Lockdown Extended For 15 Days, Some Restrictions Lifted
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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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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Railways To Help Laos’ Businesses Blossom
Once opened, the Laos-China Railway promises to be a significant engine of business development in Laos.
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Laos Must Speed Up Reform To Maximise Benefits Of Railway: World Bank
In order to maximise benefits from the rail project, Laos must quickly create a business friendly environment.
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Lao Govt To Address Seven Urgent Issues To Spur Development
Newly-elected Prime Minister Phankham Viphavanh highlighted the seven concerns
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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 Records US$729 Million In Imports, Exports For October
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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Lao Govt Vows To Smooth The Path For Investors
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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Lao Government Outlines Plans To Tackle Debt Issue
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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Projected Revenue Shortfall Adds To Nation’s Debt Burden
Laos is undergoing an unprecedented level of macroeconomic stress and the pandemic has worsened an already fragile economic landscape.
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Laos To Lose US$483mil In Export Revenue Over COVID-19
The country is still facing a huge trade deficit
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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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Lao PM Announces Tax Break
Lao Prime Minister Thongloun Sisoulith just announced the following tax measures to reduce the impact from COVID19 on SME’s
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Thai Economic Outlook Among Asia’s Weakest
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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Laos’ Eonomic Growth Outlook Stable For 2019, 2020
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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