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Laos: Govt announces list of controlled businesses

Prime Minister Thongloun Sisoulith has approved a list of businesses that are subject to government control, while also stating that types of business not on the list would find it easier to operate. An official from the Enterprise Registration Office said yesterday that from now on it would be easier for businesses not included on […]

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Laos: Party adopts nine urgent measures to drive economy

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 […]

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Laos Expects More Private Investment This Year

The 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 […]

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Lao gov’t improves cross-border trade

Trading 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 […]

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Laos: App-facilitated Land Tax Payment Service Launched

(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 […]

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