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03 Jun '13As computers and technology play an important role in our daily life, many transactions are not only played out within the confines of each individual country but across borders throughout the international community. The Lao PDR has realized this, and therefore has adopted the Law on Electronic Transactions (the “E-Transactions Law”) promulgated on 17 January 2013 through the National Assembly.
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08 May '13According to the Law on Investment Promotion, a representative office may be established in the Lao PDR provided that it is approved by the Ministry of Planning and Investment. Such approval shall have a term of 1 year. It may be renewed for another 2 times, 1 year for each approval. In this regard, the total term of the representative office shall not exceed 3 years. After the term of the representative office has expired, the investors may establish a company in the Lao PDR in accordance with relevant laws and regulations depending on the type of business and investment.
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29 Apr '13Importing liquor products for distribution in the Lao PDR is allowed only through an entity established legally under the laws of the Lao PDR. As liquor products fall under the category of “Food” under Law on Food No. 04/NA, dated 15 May 2004 (“Law on Food”), approval for importing liquor products shall be granted by the Department of Food and Drug, Ministry of Public Health. The Law on Food requires that all imported products must be safe for consumer health. The quality and standard of the container, packaging and labor must also be certified by the Management and Food Inspection Organization.
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08 Mar '13The court system in the Lao PDR consists of The People’s Supreme Court, The People’s Courts of Appeal, The People’s Courts in Provincial and City Level, The People’s Courts in District and Municipal Level, and The Military Court.
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02 Feb '13Suspendisse in nisl diam. Sed elementum augue tempor tortor tincidunt tempor. Vivamus dignissim dolor ac eros pulvinar vel posuere mi molestie. Morbi eget fringilla dolor. Sed rhoncus adipiscing vulputate. Cras ac est eros, et elementum risus. Etiam leo sapien, scelerisque non facilisis ac, euismod at neque. Vestibulum elementum lectus et nunc aliquam vehicula. Nulla molestie nisi a lorem pretium ac hendrerit risus scelerisque. Pellentesque condimentum, nulla nec fringilla vulputate, augue felis congue sem, vitae sodales arcu mauris id liber
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25 Dec '12Currently, the insurance business is not a competitive business in the Lao PDR as there are only 6 insurance companies operating within the Lao PDR, i.e. Assurances Generales du Laos, Champa, Lao-Viet Insurance Co., Mitsui Sumitomo: MSIG Insurance (Lao) Com, Ltd., PCT Asia (formerly Insee Insurance Co. Ltd.), and Toko Assurance Co. Ltd.According to the law on Investment Promotion No.02/NA, dated 8 July 2009, the insurance business is listed as a concession business. Therefore, any application in relation to an establishment of an insurance company or insurance broker must be submitted to Ministry of Planning and Investment (the “MPI”) for consideration.
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In November 2002, leaders of the Association of the South East Asian Nations (ASEAN) agreed on the proposed creation of an ASEAN Economic Community (AEC) by 2020. This was followed by the adoption of the AEC Blueprint in 2007 along with the affirmed and strong commitment by leaders to accelerate such economic integration by 2015.
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31 Aug '12The Tax Law 2005 was amended and replaced by the 2011 version and adopted by the 2nd Ordinary Session of the National Assembly (7th legislative) of the Lao PDR on 20 December 2011 and shall become effective on 1 October 2012.
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The 3rd Ordinary Session of the National Assembly (7th Legislature) was officially held on 20 June to 13 July 2012 in Vientiane, Lao PDR. Consequently, the 7th Legislature of the National Assembly considered and adopted 7 laws which entailed two new laws and five amended laws
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19 Jun '12The Ministry of Planning and Investment, Lao PDR, issued Notification no. 1263/Phor. Tor. dated 15 May 2012 suspending concession considerations related to mining, and forestry of eucalyptus and rubber trees (the “Notification”) to inform all Lao and foreign investors and all industries conducting such related businesses
