LUANG PRABANG, Laos — Located between the Mekong and Nam Khan rivers, the UNESCO World Heritage Site of Luang Prabang is a picturesque destination that combines natural beauty and charming Lao …
Foreign investors are now required to open bank accounts in Laos, says central bank
The Bank of the Laos (BOL) has issued a decision on the regulation of foreign currency, which requires foreign investors to open specific bank accounts in Laos to process their financial transaction.
ASEAN special envoy meets Myanmar junta chief
Myanmar’s junta chief Min Aung Hlaing met with a special envoy from the Association of Southeast Asian Nations (ASEAN), state media reported on Thursday as Laos takes over chairing the bloc, which has …
A veteran diplomat from Laos, the new ASEAN special envoy for Myanmar, embarks on inaugural mission
A veteran Laotian diplomat recently appointed the Association of Southeast Asian Nations’ special envoy to Myanmar, has arrived on his first mission to the strife-torn nation.
Foreign investors required to open bank accounts in Laos
The Bank of the Lao PDR has issued a Decision on the regulation of foreign currency, which requires foreign investors to open specific bank accounts in Laos to process their financial transactions.
President: Laos to create independent ownership of economy, finance
President: Laos to create independent ownership of economy, finance. Secretary General of the Lao People’s Revolutionary Party Central Committee and President, Thongloun Sisouli …
Railway turns Laos from landlocked to land-linked
VIENTIANE: China and Laos are collaborating to facilitate quicker cross-border customs clearance between the two countries to enhance railway transportation efficiency, said a diplomat of the Lao …
Laos’ special economic zones attract over US$520mil investment in 2023
A total of 178 companies have invested in Special Economic Zones (SEZs) across Laos, with a total investment of more than US$520 million and a registered capital of more than US$178 million.
Vietnam and Laos agree on major cooperation orientations for 2024
Vietnam and Laos agreed on major orientations to bolster their partnership in 2024, during the 46th meeting of the Vietnam-Laos Intergovernmental Committee for Bilateral Cooperation that was held in …
Laos government targets lower inflation rates in 2024; aims to hit 9% target in 2024
Despite the country’s persistent efforts to curb inflation, Laos experienced an average inflation rate of 31.2 per cent throughout 2023. But the central bank and the Lao government are committed to …