The Ministry of Labor and Social Welfare of the Lao PDR (MLSW) has issued Decree No.2718/LSW dated 8 July 2022 (the “Decree”) stipulating specific guidelines to implement the Notification No. 829/PMO dated 13 June 2022 issued by the Prime Minister’s Office concerning an increment of the national statutory minimum wage from LAK1,100,000 to LAK1,300,000 (please […]

As the costs of essential commodities continue to soar, driven by the unfettered weakening of the Lao Kip (“LAK”), the pandemic, and other external factors, many people in the Lao PDR are having a hard time making ends meet. In consideration of the ongoing monetary crisis and following a tripartite discussion between the Lao Federation […]

Recently, the Minister of Labor and Social Welfare issued Decision No. 1740/LSW dated 25 April 2016 to determine a minimum and increase secured salary for social security purpose. The ceiling of or maximum secured salary for calculation of social security contribution will be increased up to LAK4.5 Million, which is five times of minimum wage […]