Laos posted a USD 48 million trade surplus in February 2022, with exports totaling USD 519 million and imports totaling USD 471 million. According to the most recent data from the Lao Trade Portal website, the total value of trade in February was USD 990 million, Xinhua reports. Laos’ primary exports were gold (in the form of bars), […]
Read MoreThe Lao Federation of Trade Unions (LFTU) has urged businesses to pay a higher minimum wage. Vientiane Times reports that garment factories, in particular, were singled out by the LFTU, which said they must ensure wages are increased from the previous minimum of LAK 1,100,000 to the new minimum wage of LAK 1,500,000 this year. If businesses […]
Read MoreThe government of Laos has opened a bidding process to purchase over a hundred electric vehicles for Party and government leaders. A ceremony for the opening of the bid took place in Vientiane Capital last week, KPL reports. The government hopes to purchase a fleet of 183 electric vehicles, including 23 electric vehicles with 121KW-163KW motor power, […]
Read MoreA major fuel shortage in Luang Namtha District yesterday saw just one petrol pump open as residents flocked to fill up. Residents of Luang Namtha District, Luang Namtha Province, have expressed concern about the fuel shortage which saw supplies of regular petrol in the district almost depleted. According to eyewitness reports and a video posted to social […]
Read MoreThe Lao National Socio-Economic Research Institute has released a report on the state of the economy in Laos for 2021, as well as predicted trends and forecasts for 2022. Here is a brief overview of the report provided by 10Story. Foreign Direct Investment In the first nine months of 2021, the total value of foreign direct […]
Read MoreThe Laos-China railway has been used for the first time to carry Thai fruit to China, according to a report in Thailand’s The Nation on Monday. Two containers carrying 40 tonnes of durian and one container filled with 20 tonnes of coconuts from Rayong made their way to Thanaleng Station in Laos and entered China […]
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