Logo of Phnom Penh Post newspaper Phnom Penh Post - Lao ministry resolves trading licence issue following complaints

Lao ministry resolves trading licence issue following complaints

Content image - Phnom Penh Post
International companies seeking to export goods to Laos must submit a request to get a trading rights licence from the Import and Export Department. VIENTIANE TIMES

Lao ministry resolves trading licence issue following complaints

Minister of Industry and Commerce Khemmani Pholsena on June 6 signed a ministerial decision authorising international firms to export their goods to the Lao market without obtaining a licence for domestic business operations. Following a slew of complaints, the ministry has set measures in place to remedy the situation.

According to the law, all enterprises conducting business activities in Laos need to obtain an enterprise registration certificate and a business operations licence. However, a number of local companies had complained that international firms were selling their goods in Laos without the necessary permission.

The commerce ministry wanted to resolve this issue to create a fair business environment in Laos, officials said. Although international firms do not need a domestic licence to export their goods to Laos, they need to obtain trading rights from the Export and Import Department, according to the ministerial decision that was posted on the Lao National Gazette website.

From now on, international companies seeking to export goods to Laos must submit a request to get a trading rights licence from the Import and Export Department, the Ministry of Industry and Commerce said.

One of the main requirements for international firms to obtain trading rights from the Import and Export Department is that they must be enterprises registered in countries that are members of the World Trade Organisation.

In addition, the companies must show the Import and Export Department evidence that they operate businesses in line with laws and regulations. Apart from this, they must never commit, or be in the process of being investigated for, crimes related to trade and financial issues.

Companies interested in applying for the trading rights can submit their requests for certification at the Import and Export Department, Ministry of Industry and Commerce.

They must present their formal requests with the attached documents. These include a passport or their enterprise registration certification, alongside a crime-free record certification and a letter of authorisation from the foreign companies.

As part of the document verification process, the Import and Export Department has demanded that the attached documents must be certified by Lao embassies in the countries where companies are registered or certified by authorised representative offices of the countries where the companies are registered.

Recently, Vientiane Times spoke to a group of businesspeople about the import and export business in Laos. A local businesswoman questioned the government’s policy to create a fair trading environment for foreign and domestic firms.

She preferred the relevant sector to investigate how many foreign companies distribute goods in Laos without permission. She thought this was not fair for domestic firms that have business operations licences and pay taxes according to the law. VIENTIANE TIMES


  • PM slams HRW ‘double standards’

    Prime Minister Hun Sen has chided Human Rights Watch (HRW) Asia director Brad Adams for keeping quiet over protest crackdowns in the US following the death of George Floyd in Minneapolis on May 25. Addressing reporters while inspecting infrastructure development in Preah Sihanouk province on Monday,

  • Bank robber of $6M asks to be released

    An accused bank robber who admitted to stealing $6 million has asked the Supreme Court to release him temporarily because he had returned the money. In a court hearing on Tuesday Chan Simuntha, 39, told the judge that on January 18, his wife Teang Vathanaknearyroth told him that

  • WHO: Antibiotics cause more deaths

    Increased antibiotics use in combating the Covid-19 pandemic will strengthen bacterial resistance and ultimately lead to more deaths during the crisis and beyond, the World Health Organisation (WHO) said on Monday. WHO director-general Tedros Adhanom Ghebreyesus said a “worrying number” of bacterial infections were becoming

  • Children in poverty said to rise by 86M

    The UN Children’s Fund (UNICEF) and Save the Children warned that if urgent measures are not taken, the number of children living in poverty across low- and middle-income countries could increase by 86 million, a 15 per cent jump, by the end of the year. In

  • Four more Cambodian peacekeepers get Covid-19 in Mali

    Four more Cambodian Blue Helmet peacekeepers in Mali have been diagnosed with the novel coronavirus, bringing the number of infected Cambodian UN peacekeepers to 10. National Centre for Peacekeeping Forces and Explosive Remnants of War deputy director-general and spokeswoman Kosal Malinda told The Post on Tuesday

  • Huge tracks of undocumented land a concern for registration officials

    Siem Reap provincial deputy governor Ly Samrith expressed concern that land registration plans for residents scheduled to be completed by late 2021 could not be achieved because 80 per cent of the land had not been registered. Land dispute issues are a major factor that poses a