The government will continue to control inflation and currency exchange rates under its monetary policy to ensure that economic growth remains stable throughout the coming year. The government has set an economic growth target of 7 percent for 2018, with Gross Domestic Product (GDP) to reach 149.47 trillion kip (US$17.98 billion) and GDP per capita […]
Read MoreVIENTIANE, Sept. 18 (Xinhua) — The number of trademark registrations is lagging in Laos as many businesses lack understanding of their rights and fail to register to protect their intellectual property, according to the Intellectual Property (IP) Department under Ministry of Science and Technology on Monday. Some 40,500 applications for trademark registration have been submitted […]
Read MoreLaos and Thailand have agreed to cooperate more closely to assist Lao workers in Thailand who hold a passport but whose temporary work permit has expired. At present, there are about 94,000 Lao workers in Thailand whose temporary work permits and passports have expired but who have temporary identity cards. There are about 71,000 Lao […]
Read MoreThe gap in overall development and incomes between cities and rural communities is substantial, Minister of Planning and Investment Dr Souphanh Keomixay has said. This is reflected in the significant difference between Gross Domestic Product (GDP) and GDP per capita among the various provinces, he told a two-day meeting between government cabinet members, the Vientiane […]
Read MoreThe Ministry of Finance has been instructed to re-inspect sources of revenue and the taxes paid by businesses as well as identify challenges that need to be addressed in the years to come. The government agreed to use more electronic methods in tax collection in the wake of a revenue shortfall and vowed to deal […]
Read MoreInvestment by domestic and foreign private sector climbed to more than 16,530 billion kip in the first half of this year, exceeding the target for the whole year by 10 percent, the government has said. The Laos-China Railway, on which construction began in December last year, appeared to be the main driver of this huge […]
Read More
Thailand
