Laos > Finance

Lao money changers must liaise with commercial bank

09/15/2021 09:21

Bank of the Lao PDR (BoL) is set to tackle the difference in currency exchange rates between banks and money-changing outlets through the registration of exchange units, bringing them under the authority of commercial banks.

Laos > Finance

Laos revises VAT law to promote investment, MSMEs

08/11/2021 08:31

The Lao Ministry of Finance, on behalf of the government, has asked the National Assembly (NA) to consider changes to the Law on Value-Added Tax (VAT) to help address the country’s financial difficulties.

Laos > Finance

Exchange rate gaps widen in Lao PDR

10/14/2020 07:51

The gap between the official and parallel market exchange rates has widened in recent months, driven by a mismatch in supply and demand, resulting in pressure on importers and inflation.

Laos > Finance

Fiscal deficit ramps up pressures on Lao gov’t

08/25/2020 08:04

An elevated fiscal deficit will result in growing public debt, which will ramp up pressure on Laos’ debt servicing capacity amid the Covid-19 crisis.

Laos > Finance

Central bank of Laos imposes new regulation for currency exchanges

07/15/2020 08:37

The Bank of the Lao PDR has come up with a new administrative rule designed to administer currency exchange businesses amid the appreciation of international currencies against the Lao kip.


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