(KPL) The Ministry of Finance has opened a hotline ‘1519’ for the general public members to voice problems or complaints on financial matters. The hotline number 1519 has been put in operation since April 7, 2017, according to an announcement by the ministry. The issues raised by the public will be discussed by relevant officials […]
Read MoreA newly-amended Investment Promotion Law has recently been promulgated, offering a variety of incentives to attract investment in both promoted sectors and hardship areas. Businesses investing and operating in hardship communities (known as Area I),where infrastructure has not yet been developed, will enjoy favourable profit tax exemptions over 10 years according to the amended law, […]
Read MoreVIENTIANE (Xinhua) – The Lao government set its target of economic development in 2017 at seven per cent, one of the highest among regional countries. In an article titled “These Are The Fastest Growing Economies In East Asia In 2017” by Ralph Jennings released on the website of Forbes Magazine in late March, Laos was […]
Read MoreThe government is creating new decrees to ensure the sustainable development of Special Economic Zones (SEZs) in ways that yield strong benefits. Special Economic Zones are economic development areas set up to attract large-scale investors, both Lao and foreign, to spur economic growth and create job opportunities for local people. Government officials from central and […]
Read MoreThe Lao PDR’s economic growth is picking up this year and is expected to continue growing in 2018, supported by the expansion of production, sale of electricity, buoyant service sector growth, and construction of the cross-border railway project, an Asian Development Bank report pointed out. The ADB’s flagship annual economic publication, Asian Development Outlook (ADO) […]
Read MoreThe transport of goods by railway could cut costs by 30 to 50 percent of the current charges for road transportation, a senior government official has said. Deputy Director General of the Lao Railway Department, Mr Sonesack N. Nhansana, told Vientiane Times on Tuesday that Lao and Thai officials are preparing for the start of […]
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