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Laos: Price of imported goods soars to record high

The cost of imported household goods surged by 15-50 percent in April compared to the figure recorded in January, according to a recent study. Conducted by the Ministry of Industry and Commerce, the research paper attributed the price rise to the continuing depreciation of the kip and higher transport costs, triggered by skyrocketing fuel prices. […]

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Rising fuel price, depreciating kip harming Lao producers

Skyrocketing fuel prices and the continuing depreciation of the kip are ramping up pressure on producers due to soaring production costs, according to a recently unveiled study. Conducted by the Ministry of Industry and Commerce, the research paper stated that the Russia-Ukraine conflict had interrupted the global supply chain, leading to a rise in the […]

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