Laos to revamp zero-import duty policy

laos-vietnam-border-signThe Lao government plans to tighten measures on items subject to zero duty brought into the country by investors and development firms, the Vientiane Times reported.

The move largely targets tariff-free petrol as some firms import more than they need and sell the excess, the paper said. This had led to a shortfall in government revenue, it added.

The newspaper quoted Lao government spokeswoman Bounpheng Mounphosay as saying that Vientiane will try to solve the problem by requiring “only necessary development projects” to import tariff-free items.

Lao Deputy Planning and Investment Minister Bounthavy Sisouphanthong said officials would tighten up screening of authorised imports.

The newspaper did not specify where the imports came from but indicated that Thailand was a conduit. Revenue collected at the Thai-Lao Friendship Bridge border checkpoint accounted for $290 millionin 2013. It could not reach government targets because of the tariff exemptions on various items, it said.



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The Lao government plans to tighten measures on items subject to zero duty brought into the country by investors and development firms, the Vientiane Times reported. The move largely targets tariff-free petrol as some firms import more than they need and sell the excess, the paper said. This had led to a shortfall in government revenue, it added. The newspaper quoted Lao government spokeswoman Bounpheng Mounphosay as saying that Vientiane will try to solve the problem by requiring "only necessary development projects'' to import tariff-free items. Lao Deputy Planning and Investment Minister Bounthavy Sisouphanthong said officials would tighten up screening...

laos-vietnam-border-signThe Lao government plans to tighten measures on items subject to zero duty brought into the country by investors and development firms, the Vientiane Times reported.

The move largely targets tariff-free petrol as some firms import more than they need and sell the excess, the paper said. This had led to a shortfall in government revenue, it added.

The newspaper quoted Lao government spokeswoman Bounpheng Mounphosay as saying that Vientiane will try to solve the problem by requiring “only necessary development projects” to import tariff-free items.

Lao Deputy Planning and Investment Minister Bounthavy Sisouphanthong said officials would tighten up screening of authorised imports.

The newspaper did not specify where the imports came from but indicated that Thailand was a conduit. Revenue collected at the Thai-Lao Friendship Bridge border checkpoint accounted for $290 millionin 2013. It could not reach government targets because of the tariff exemptions on various items, it said.



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Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

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