Economic Growth in Laos Demands Urgent Reforms for Stability
Laos’ economy has shown slight growth this year, but a heavy debt burden and ongoing macroeconomic instability continue to limit its potential, according to the World Bank’s latest Lao PDR Economic Monitor: Reforms for Stability and Growth. Persistent issues with public debt, inflation, and currency weakness are pressing down on purchasing power and raising costs […]
Advantages to have an offshore Bank Accounts
Opening an offshore bank account can offer several advantages, depending on your financial situation and goals. Here are some key benefits: Considerations and Risks: Before opening an offshore bank account, it’s crucial to conduct thorough research and possibly consult with financial and legal professionals to ensure it aligns with your financial strategy and legal obligations.
WHY INVEST IN LAOS?
Laos is a landlocked country in Southeast Asia that has been steadily growing its economy in recent years. There are several reasons why investing in Laos could be a smart choice: These are just a few of the reasons why investing in Laos could be a smart move. Of course, like any investment, there are […]
General Information for Enterprise Registration in Laos
Where to Go To register a business in the Lao PDR, you must visit the Department of Enterprise Registration and Management offices. Depending on the location and the type of business, you will register at the central, provincial, or district office level. Contact any office, and they can advise you of the location you need […]
Laos sees economic recovery but challenges remain: World Bank
The Lao economy is witnessing a gradual recovery from the Covid-19 pandemic, with GDP growth forecast at 3.7 percent this year, up from 2.7 percent in 2022, according to the latest World Bank economic update issued on Thursday. The World Bank is projected that Lao economy will grow at 4.1 percent in 2024. –Photo Katai Thatdam […]