by Teuvo Tuomi | Mar 24, 2024 | Business, Economy, Laos, News
The Lao government has announced plans to raise the value-added tax (VAT) rate from 7% to 10% as part of efforts to increase budget revenue and support economic and social development in the country. The decree still lacks specific details regarding the implementation...
by Teuvo Tuomi | Mar 7, 2024 | Energy, Laos, News, Technology
Vietnam Electricity (EVN) has received proposals from seven wind farm investors in Laos aiming to sell electricity to Vietnam, totaling nearly 4,150 megawatts (MW). According to Vietnam’s Ministry of Industry and Trade (MoIT), the wind power from Laos would be...
by Teuvo Tuomi | Feb 20, 2024 | Laos, Business, News
The Lao Ministry of Finance has announced a new regulation on mandatory tax payments for all digital shopping platforms. The ministry divides digital platform shopping websites into three groups: registered enterprises in the Value-Added Tax (VAT) system,...
by Teuvo Tuomi | Feb 8, 2024 | Laos, News, Travel
Banque pour le Commerce Exterieur Lao Public (BCEL) has unveiled the EZyKip application to streamline currency exchange for tourists visiting Laos during “Visit Laos Year 2024”. Designed for foreigners, EZyKip facilitates cash withdrawals from over 400...
by Teuvo Tuomi | Jan 18, 2024 | Economy, Business, Laos, News
The Lao government has approved a new regulation set to slash the registration time for new businesses from 10 to 3 days. Approved by the Minister of Industry and Commerce, Malaythong Kommasith, this new regulation is poised to streamline the business registration...
by Teuvo Tuomi | Jan 14, 2024 | Laos, News, Technology
Lao Telecom has officially unveiled Laos’s first-ever 5G high-speed internet service. 5G offers up to 20 Gbps peak data rates and over 100 Mbps average rates. With increased capacity, it supports a hundred times surge in traffic, enhancing network efficiency and...
