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Lao PDR


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General

Support and Enhanced Control Measures and Policies for COVID-19 Outbreak

To combat the worsening COVID-19 outbreak in the country, the Prime Minister of the Lao People's Democratic Republic issued an order relating to enhanced prevention and control measures for the COVID-19 outbreak on 29 March 2020 ("Order") and a decision on policies and measures to reduce the impact from COVID-19 on 2 April 2020 ("Decision"). The Ministry of Finance issued a notification on 10 April 2020 to implement certain provisions relating to tax contained in the Decision. The Order takes effect from 30 March 2020 to 19 April 2020. On 15 April 2020, the Laos Government announced an extension of the duration of the Order for an additional two weeks (ending 3 May 2020). If necessary, the Government will notify of a further extension. This Update outlines the enhanced measures in the Order and the policies to reduce the impact on businesses caused by COVID-19 in the Decision. 

Lao PDR | General | 15 April 2020

Support Measures

Control and Support Measures in Lao PDR Amid the COVID-19 Pandemic

On 29 March 2020, the Prime Minister issued the Order on Reinforcement Measures on Containment, Prevention and Full Response to the COVID-19 Pandemic ("Order"). Pursuant to the Order, restrictions were imposed on movement and gatherings, and employees (other than those in essential services) were required to work from home for the period from 30 March 2020 to 19 April 2020. The Order had been extended to 3 May 2020. 

Even before the Order was issued, the Bank of Lao PDR ("BOL") had on 26 March 2020 issued the Decision on Policy in Respect of Loans to Provide Relief Measures Due to the Impact of the COVID-19 Pandemic ("BOL Decision").  The BOL Decision requires commercial banks to allow borrowers more time to repay principal and interest and to support parties adversely affected by the pandemic.  Loans re-structured pursuant to the BOL Decision need not be classified as non-performing.

Lao PDR | Support Measures | 30 April 2020

Useful Resources

Centre of Information and Education for Health


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