The Central Committee of the Lao People’s Revolutionary Party recently adopted core and urgent measures to drive the macro economy which is currently encountering some difficulties. New state investment must focus only on projects which are economically efficient, except for recovery projects following damage from natural disasters, according to the measures. Urgent action must be […]
Read MoreThe Communist Lao government expects domestic and foreign private investment to climb to 23,086 billion kip ($2.7 billion) in 2019 from around $2.36 billion last year, accounting for 52.06 per cent of total investment or 13.95 per cent of GDP, the Vientiane Times reported. The figure was revealed on January 9 at the Lao central and provincial […]
Read MoreVIENTIANE, Jan. 10 (Xinhua) — The Lao government expects domestic and foreign private investment to climb to 23,086 billion kip (over 2.72 million U.S. dollars) in 2019, accounting for 52.06 percent of total investment or 13.95 percent of GDP, local media reported here on Thursday. The figure was revealed on Wednesday at the Lao central […]
Read MoreTrading across borders has improved due to the government’s effort to create a more business-friendly environment, a local report said on Thursday, quoting Lao Ministry of Industry and Commerce. Lao ministries and other government bodies are making efforts to improve the ease-of-doing-business (EDB) climate after Laos’ EDB ranking as assessed by the World Bank dropped […]
Read More(KPL) The Department of Tax has launched a system that ensures land tax payment isbank-based, safe, and fast. “To improve tax payment mechanism and method for convenience, verifiability and ensure the integration of tax revenue information system, the Department of Tax in cooperation with a local IT company andBanque Pour Le Commerce Exterieur Lao (BCEL) has conducted a research […]
Read MoreBusinesses operating in a border trade area at a Lao-Vietnamese border crossing in Savannakhet province will soon be offered special tax and non-tax incentives as in special economic zones. “Enterprises operating in the Ban Dansavan border trade area will receive the same tax and non-tax incentives as in the Savan-Seno Special Economic Zone,” Mr Champa […]
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