The 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.
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This mean that motorists in Vientiane and the provinces will pay extra for fuel this month. This follows several changes in retail prices recently.
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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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Laos recorded a trade surplus of US$42 million in February even though the value of goods sold to the country’s two main trading partners, China and Vietnam, dropped compared to January.
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Laos expects to lose millions dollars in remittances from overseas workers this year following the return of thousands of Lao citizens to the country due to the Covid-19 pandemic.
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Petrol stations across Laos on Wednesday increased retail prices of petrol and diesel
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Laos recorded a trade deficit of US$118 million in March, which was higher than the figures for January and February.
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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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