Economy and commerce

VIENTIANE (Vientiane Times/ANN) – Trading across borders has been eased and quickened thanks to the improvement of the procedures involved, the Ministry of Industry and Commerce says in a report.The improvements are the result of the government’s efforts to create a more business-friendly environment.More ...

VIENTIANE (Vientiane Times/ANN) – Laos expects to see more than 10 percent growth in the construction sector this year with the government putting in place measures to address business financing and stimulate the economy.The trend is being driven by factors such as investment in services, ...

VIENTIANE (Vientiane Times/ANN) – Laos plans to invest about 44,347 billion kip of its budget or 26.80 percent of Gross Domestic Product (GDP) in 2019 to ensure the country’s steady economic growth. Of this amount, 4,359 billion kip, or 9.83 percent of the total, equal to 2.63 ...

VIENTIANE (Vientiane Times/ANN) – The government expects domestic and foreign private investment to climb to 23,086 billion kip in 2019, accounting for 52.06 percent of total investment or 13.95 percent of GDP.More ...

Prime Minister Thongloun Sisoulith on Tuesday praised the country’s planning, investment and finance sectors and urged everyone to keep up their good performance.However, the prime minister said there were plenty of tough challenges coming up, for which everyone should be prepared.More ...

(KPL) Tax Department of the Ministry of Finance and Japan held the 5th seminar on Value-Added Tax (VAT) on 7 Jan to promote discussion on VAT among tax officers.The seminar was held for officials to deepen understandings about tax administration for effective implementation particularly focusing on ...

Businesses operating in a border trade area at a Lao-Vietnamese border crossing in Savannakhet province will soon be offered special tax and non-tax incentives as in special economic zones. “Enterprises operating in the Ban Dansavan border trade area will receive the same tax and non-tax incentives ...

Laos’ capital’s convenience store chain M Point Mart is set for an overhaul as Vientiane’s Phontan store staff confirm joint venture set see the city’s ubiquitous late night shopping outlets rebranded as Mini Big C with 24 hour shopping hours expected.Setting up in Vientiane’s old town before ...

The Vientiane administration has told the capital’s People’s Council it will strive to improve the business environment to attract more investment and raise the economic growth rate to 9.5 percent next year.More ...

China has been offering Laos a special trading treatment, enabling Lao businesses to export their goods to one of the largest markets in the world.According to a report from the Lao Ministry of Industry and Commerce, Lao businesses can now sell their goods in the ...