42nd anniversary of Lao Brewery
42nd anniversary of Lao Brewery
The Lao Brewery Co., Ltd has asked the government to ensure strict attention is paid to collecting taxes on all alcoholic beverages which are either produced in the country or imported in order to follow their own regulations and achieve a greater contribution to national revenue.
The company also called on the government, particularly the Ministry of Finance, to maintain the current level of tax on beer because the company is concerned any increase would impact their business operations and open opportunities for the introduction of other imported products.
This year the company expects to pay around 2,000 billion kip in tax to the government, the company's Managing Director Mr Kissana Vongsay informed Lao media to whom he gave an interview in Vientiane on Tuesday to mark the 42nd anniversary of the company's founding, the 40th anniversary of the Lao PDR and the 60th anniversary of Lao People's Revolutionary Party Day.
Throughout its existence the company has paid close attention to meeting its obligations and paying its taxes to the government.
For the three years between 2012 and 2014 the company paid more than 4,500 billion kip in tax.
He was not confident that all other entrepreneurs doing business in the same sector fulfilled their obligations in the same way.
Throughout their 42 years the company's business has continuously expanded by following the policies of the government and Party and their property and administration structures have improved in accordance with national economic expansion.
Employee skills have developed with more experience and greater ability, said Mr Kissana.
The company also created a policy to raise the products' standard and ensure the Beer Lao brand was transformed from a national beer to an international one, recognising the need for market adaptation as well as using new international technology and the experience of strategic shareholders for its implementation.
For this year's 42nd anniversary, the company is focusing on business operations that will help it to reach its sales and damage reduction targets, Mr Kissana explained.
The company will also organise activities to build friendship and social responsibility such as sports competitions, environmental protection and donations.
Since its founding in 1973 the company has been committed to growth and development.
It is focused on two main factors with regard to upgrading its production capacity - human resources and beer technology.
The company currently has three factories employing more than 2,300 people and covers 98 percent of the market in the country.
