Industries that produce pollution may have to pay more taxes now that the government has embraced the National Green Growth Strategy. Under the strategy, which Prime Minister Thongloun Sisoulith endorsed on January 30, the Ministry of Finance will impose taxes to discourage industries from producing pollution and harmful waste. At present, industries pay corporate tax, […]
Read MoreLaos and Thailand have committed to increasing bilateral trade volume by 10 to 15 per cent annually as the two governments expect to meet the target of $12 billion in 2021, according to the Lao trade minister. As part of promoting an increase in two-way trade volume, the Lao and Thai governments have closely cooperated […]
Read MoreFollowing a meeting of high-ranking officials last weekend in Kratie province, Cambodia, Laos, and Vietnam (CLV) have agreed on nearly two-thirds of an action plan to promote economic connectivity in the area. The 12th meeting of the Joint Coordination Committee on Cambodia-Laos-Vietnam Development Triangle Area (CLV DTA JCC) took place over the weekend in the […]
Read MoreLaos is one of the fastest growing economies in Southeast Asia (SEA). On average the country’s economy as measured by GDP has grown by 7.5 per cent per year and trade by 17 per cent per year since 2000, reflecting the importance of trade as a key driver of its growth. However, while Laos is […]
Read MoreTHE Lao government has given the green light for state agencies to revoke land concession licences held by investors who fail to develop state land in accordance with agreements. Speaking at a press conference at the end of the cabinet’s monthly meeting on Wednesday, government spokesperson Chaleun Yiapaoher said the meeting approved measures to encourage […]
Read MoreIn a drastic move to promote health and safety among members of Lao society, the Mayor of Vientiane has taken measures to ban the sale of alcohol or alcoholic beverages in the capital before 4pm. According to a Decision issued 21 December 2018 by the Office of the Mayor of Vientiane Capital on Measures for […]
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