Trade

Imports

Laos Records Lowest Year-on-Year Trade Deficit of USD 13 Million in January

The trade deficit in Laos soared to USD 233 million in September 2022 but has been decreasing steadily since then.The overall value of trade in Laos was USD 935 billion in January this year, with USD 461  million in exports and USD 474 million in imports, according ...

Manyphone Vongphachanh

Laos Sees a Trade Deficit of USD 23 Million in December

According to the Lao Trade Portal, the country recorded a trade deficit of USD 23 million in December, which is considerably lower than the trade deficits of USD 45 million and USD 230 million reported in November and October, respectively.The overall value of trade hit USD ...

Phontham Visapra

Lao National Single Window to ease imports, exports at international borders

The Lao National Single Window (LNSW) – a  unique computerised platform – is now fully in force to simplify and streamline the import, export, and transit of all goods and cargo at all international borders and airports in Laos.The Ministry of Finance recently issued a ...

Souksakhone Vaenkeo

Laos' trade deficit reaches US$78mil in December 2020

Laos recorded a trade deficit of US$78mil in December 2020, according to the latest information from the Lao people’s Democratic Republic Trade Portal website.Laos’ export during December were worth US$468 million, while the value of import was US$546 million, said the report.Keep reading  ...

The Star

Laos govt reviews conditions for import and sale of vehicles

VIENTIANE (Vientiane Times/ANN) – The government has instructed dealers who import and sell vehicles to present their documents to the Department of Import and Export of the Ministry of Industry and Commerce no later than November 29.If a company fails to present their documents they ...

News Desk

Laos to clamp down on imports in bid to curb rising exchange rate

VIENTIANE (Vientiane Times/ANN) – The government will introduce strict measures to regulate the import of consumer goods and bolster domestic production, in an attempt to reduce imports and cut capital flow to other countries.A surge in both legally and illegal imported goods from neighbouring countries ...

News Desk

Lao firms demand regulation of illegal imports

VIENTIANE (Vientiane Times/ANN) – A large number of Lao businesses that produce goods for the domestic market are at a disadvantage because nothing has been done to control the influx of illegally imported goods.“Many Lao firms are suffering from lost business because they can’t compete ...

Ekaphone Phouthonesy
http://annx.asianews.network/content/lao-firms-demand-regulation-illegal-imports-102623

Laos’ fuel importers to undergo further assessment

VIENTIANE (Vientiane Times/ANN) – Eleven fuel companies that are given registrations to import fuel must complete all the business improvement measures stipulated in Prime Minister’s Decree No. 331 by November, a senior official at the Petroleum and Gas Association has said.The authorities plan to conduct ...

News Desk
http://annx.asianews.network/content/laos%E2%80%99-fuel-importers-undergo-further-assessment-100659

Border bottlenecks hinder Lao imports: Study

VIENTIANE (Vientiane Times/ANN) Limited procedural knowledge amongst both government authorities and traders at border areas is being blamed as the cause of trade bottlenecks at borders between Laos, Thailand and Vietnam.However, while problems in some areas are well known, a study conducted by the Department ...

News Desk

Laos eyes increased exports to China, drop in imports

VIENTIANE (Vientiane Times/ANN) – Lao exports to China this year are expected to increase to US$1,510 million, while imports will decline to US$985 million, according to the latest projections from the Ministry of Industry and Commerce.Last year, Laos planned to earn US$1,478 million from exports ...

News Desk

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