The government has agreed in principle to increase the minimum wage in a bid to ease the hardships suffered by many people amid the rising cost of living. The agreement was reached at the government’s monthly meeting held in Vientiane on April 26-27, chaired by Prime Minister Phankham Viphavanh and attended by cabinet members. However, […]
Read MoreAuthorities in Vientiane Capital are struggling to control unlicensed currency exchange businesses amid a widening gap between official and market exchange rates. Rising inflation and a continually depreciating local currency have seen many turn to illegal or online currency exchange operators to take advantage of favorable, unofficial rates. Authorities already ordered currency exchange businesses to transition into […]
Read MoreBokeo province: The Golden Triangle Special Economic Zone (GTSEZ) is growing in development and investment projects, especially economic infrastructure, agriculture, livestock, hotels, tourism, residential areas, and entertainment, to attract more visitors, while over 500 companies are investing in the area. During a visit by reporters this week to mark the 15th anniversary of the Golden Triangle […]
Read MoreLaos recorded a trade surplus in the first three months of this year, despite the continued depreciation of the Lao kip amid increased production and consumable costs. The country recorded a trade surplus of USD 41 million in January, while February saw a surplus of USD 48 million. Meanwhile, Laos recorded yet another trade surplus in March of […]
Read MoreThe Ministry of Finance has called upon vehicle owners to make payment of the 2022 road tax, which is now due and payable. According to a notice issued by the Ministry of Finance, payment for road tax has been extended from January until now due to the Covid situation. The notice states that vehicle owners have until […]
Read MoreTwo-way trade turnover between Vietnam and Lao topped 403 million USD in the first quarter of this year, up 19.2 percent over the same period last year, according to the Vietnamese Trade Office in Laos. Vientiane (VNA) – Two-way trade turnover between Vietnam and Lao topped 403 million USD in the first quarter of this year, up 19.2 […]
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