The Ministry of Agriculture and Forestry in Laos has exported over three million tons of agricultural products in the first three months of 2023. Bounchan Kombounsalued, Director of the Plantation Department, Ministry of Agriculture and Forestry, informed the public that the Ministry was able to export 3,032,517 tons of agricultural products, until March this year. […]
Read MoreWhile economic activity has recently picked up in Laos, the rising cost of living is having a widespread negative impact, with poorer families most severely affected, a World Bank survey released in May shows. The World Bank’s latest Rapid Monitoring Phone Survey, conducted from December 2022 to January 2023, covers access to food, employment, and the impact […]
Read MoreThe country recorded an inflation rate of 39.89% in April, according to the report from the Lao Statistics Bureau (LSB). Laos’ inflation rate decreased slightly to 39.89% In April, compared to the first quarter figures of this year with January at 40.3%, February at 41.3%, and March at 41.0%. In April, the price of food and non-alcoholic […]
Read MoreThe government has agreed to increase the monthly minimum wage from the present 1.2 million kip to 1.3 million kip, with the rise to come into effect on May 1 to mark International Labour Day. The wage hike is aimed at easing the hardships suffered by many Lao people amid the skyrocketing cost of living […]
Read MoreShenzhen, with economic, technological and capital strengths, has large potential of cooperation with the five Mekong countries and the city’s enterprises can make big contributions to their economies. Officials and business leaders made the remarks on Tuesday at the themed event of 2023 Lancang-Mekong Cooperation Week in Shenzhen. The event also featured the launch of […]
Read MoreThe Ministry of Finance has advised residents across the country to pay their road taxes by September this year. The ministry has issued a notice addressing individuals, legal entities, and organizations that own or use vehicles to clear their road tax payments by the end of September. Car shop owners will pay road taxes for vehicles that […]
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