Trade

Trade policy and regulation

Lao PDR: Economy Recovers then Falters Again under COVID-19

The Lao economy is on course for moderately improved growth in 2021, despite the second wave of COVID-19 denting the promising economic recovery made early in the year. The World Bank’s latest Economic Monitor for Lao PDR — A Path to Recovery —predicts that GDP ...

KPL

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

Cost of farmed fish exceeds price set by Lao government

VIENTIANE (Vientiane Times/ANN) – The price of farmed fish on sale in Vientiane markets is now higher than the price set by the government after many fish farmers suffered losses during the recent floods.Adding to their woes are the higher costs they incur in raising ...

News Desk
http://annx.asianews.network/content/cost-farmed-fish-exceeds-price-set-lao-government-105206

Laos to stop quality testing of electronic, electric appliances

VIENTIANE (Vientiane Times/ANN) – The government has mandated to abolish quality tests for electronic and electrical appliances which are imported through the Lao-Thai Friendship Bridge I. Ever since its implementation, this move seems to have impacted the business sector. This has led to the rise in ...

News Desk
http://annx.asianews.network/content/laos-stop-quality-testing-electronic-electric-appliances-104729

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 plans regulatory reforms to boost trade at border crossings

VIENTIANE (Vientiane Times/ANN) – The Ministry of Industry and Commerce will continue efforts to improve or remove unnecessary measures and regulations relating to exports and imports to bolster cross-border trade.Officials in charge of trade facilitation met in Vientiane last week for the 2nd Trade Facilitation ...

Bounfaeng Phaymanivong
http://annx.asianews.network/content/laos-plans-regulatory-reforms-boost-trade-border-crossings-102230

Laos heading for half year trade surplus

VIENTIANE (Vientiane Times/ANN) – Laos is likely to enjoy a trade surplus of about US$121 million for the first six months of the year, even as the government is predicting an overall trade deficit of around US$259 million for 2019.Projected exports for the first six ...

News Desk
http://annx.asianews.network/content/laos-heading-half-year-trade-surplus-99327

Laos launches national single window

VIENTIANE (Vientiane Times/ANN) – Laos has officially opened a national single window (LNSW) system at a container yard – Thanaleng – to bring in transparency and facilitate trade. This move will optimise the flow of goods for the benefit of the people of Laos. The ...

Phetsamone Chandala
http://annx.asianews.network/content/laos-launches-national-single-window-99106

Laos Improves Trade Regulations for Foreign Companies

Foreign companies that export products to Laos will no longer require a domestic business license under new trade regulations issued by the Ministry of Commerce.Mrs Khemmani Pholsena, Lao Minister of Industry and Commerce, issued a ministerial decision on June 6 ending the requirement for a domestic business ...

News Desk
https://laotiantimes.com/2019/06/19/laos-improves-trade-regulations-foreign-companies/

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