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 | 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...
by Teuvo Tuomi | Dec 29, 2023 | Laos, Economy, Travel
Laos continues faces surging inflation, a scarcity of labor, and an expanding trade deficit. In response, the nation has initiated the Visit Lao Year 2024 campaign, turning to tourism as a key strategy to overcome economic obstacles. The government officially...
by Teuvo Tuomi | Dec 7, 2023 | Laos, Economy, Thailand, Travel
81% of the 5th Lao-Thai Friendship Bridge Project has already been completed, including 69% of the bridge and 93% of related facilities. The bridge should be operational by the end of 2024. The project started in August 2019, funded by a 1.38 billion (USD 39 million)...
