The Lao government has increased the country’s monthly minimum wage from Kip 900,000 (US$108) to Kip 1,100,000 (US$132) with effect from May 1, 2018. While this is the third such raise in the last eight years, the revised wages are still significantly lower than those in neighboring countries in ASEAN.
Landlocked Laos is among the poorest economies of the world. Yet, in terms of gross domestic product (GDP), the economy continues to soar. Read more about Laos’s latest FDI trends and outlook for 2018 in our latest article.
For expatriate workers and their employers in Laos, understanding the process to obtain a business visa and employment permit is essential. Read more about the various business visas and employment permits issued to expatriates planning to work in Laos.
As Laos continues to integrate its market and regulatory system within ASEAN, the ease of doing business for both importers and exporters will continue to improve. In this article we explain best practices for importing into and exporting out of Laos.
The World Bank forecasts ASEAN growth to remain resilient despite risks from global and regional vulnerabilities. Read more for a country by country breakdown of the WB’s forecasts for developing ASEAN countries in our latest article.
In this week’s ASEAN Regulatory Brief, we highlight Malaysia’s cabotage policy exemption for Sarawak, Sabah and Labuan; analyze the Philippines’ comprehensive tax reform proposals; and focus on recent changes to Laos’ land concession regulations.
In this week’s ASEAN Regulatory Brief, we discuss Singapore’s recent adoption of Anti-Bribery Standard, highlight the introduction of e-work permit smart cards for migrant workers in Thailand, and focus on latest developments related to Laos’ bid to gain access to the sea.
In this week’s ASEAN Market Watch, we highlight fresh FDI surge in the Philippines, discuss growth prospects of Malaysia’s construction sector and analyze the slight decline in Laos’ tourism revenue.
An Introduction to Doing Business in ASEAN 2017, the latest publication from Dezan Shira & Associates, is out now and available in the Asia Briefing Bookstore. This guide introduces the fundamentals of investing in ASEAN to foreign investors and provides an overview of current legislation throughout the region.
In this week’s Regulatory Brief, we discuss the hefty fines for building violations in Myanmar, new air cargo subsidies in Indonesia, and tightened quality inspection measures for the food, beverage, and drug sectors in Laos.