On 24 March 2026, the Bank of the Lao PDR (“BOL”) issued Decision No. 251/BOL on the Management of Offshore Bank Account Openings (the “Decision”), which applies to Lao residents who wish to open bank accounts overseas, but not to commercial banks and financial institutions. Who can open an offshore bank account? An offshore bank […]

On 7 March 2024, the Bank of the Lao PDR (“BOL”) issued Decision on the Management of Foreign Currency Revenue from Goods and Services Exports No. 333/BOL (“Decision 333”) to manage foreign currency revenue from export activities and build foreign currency flexibility into the banking system. Export operators are required to import the payments (in […]