Laos has lowered its value-added tax (VAT) rate as part of the government’s post-Covid-19 economic recovery efforts. Under new regulations issued in December, the standard VAT rate has been reduced from 10 percent to seven percent, while also providing for more business activities that are exempted from VAT. Minerals and power-related activities will also now […]
Read MoreAuthorities in Luang Namtha Province are scrambling to assist thousands of trucks and other vehicles stranded at the border with China in Boten. A large number of freight trucks, as well as Chinese nationals attempting to return to China from Laos, remain stranded at the Boten-Mohan border, Lao Youth Radio reports. During an official visit to […]
Read MoreThe Laos-China Railway Company has asked the government of Laos to allow it to use foreign currency for its transactions. Vientiane Mai reports that the Laos-China Railway Company (LCRC) asked the government to address a number of pressing issues regarding railway operations, including the sale of train tickets and payment of transportation fees and other expenses in […]
Read MoreThe Vientiane Economic Zone Management and Development Committee plans to continue monitoring project rollout and improve facilities in Laos’ economic zones this year. The committee will also work to improve One Door services, oversee the construction of a Buddha image in the Thatluang Special Economic Zone, and build a container yard at the Saysettha Development […]
Read MoreNTP Trading Petroleum Public Company has launched a new fuel delivery service helping motorists to fill up anywhere, any time. The fuel delivery service was announced at the company’s 5th-anniversary ceremony which took place on 7 February, attended by Deputy Minister of Industry and Commerce, Mrs. Chansouk Sengphachan. General Director of NTP Trading Petroleum Public […]
Read MoreLaos recorded a trade surplus of USD 1 billion in 2021, with the country’s overall imports and exports, excluding power exports, totaling USD 13 billion. Xinhua reports that throughout 2021, exports were valued at about USD 7 billion, while imports were valued at USD 6 billion, citing information from the Lao Trade Portal. Major exports […]
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