Laos to set up ore inspection offices supporting exports


The Ministry of Finance signed an agreement with Lao Standard Control Ltd. on Dec 3 to establish seven ore inspection offices by the end of 2025. - Photo credit: Laos Economic Daily

VIENTIANE: Laos will establish ore inspection offices at seven key border checkpoints to strengthen mineral export quality control and boost state revenue.

The initiative aims to close gaps in the current export oversight system, where inspections are conducted only at the initial stage, leaving the supply chain vulnerable to smuggling, adulteration with lower-quality materials, or substitution with high-value ores.

Operations are expected to begin by the end of 2025, Lao Economic Daily reported on Friday (Dec 5).

The initiative represents a significant step in improving the management of Laos' natural resources.

Amid ongoing economic and financial challenges, enhancing governance in the mineral extraction and export sector has become essential to ensure transparency and maximise benefits to the state. - Xinhua

 

 

 

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Aseanplus News

Asean warns Middle East conflict disrupts energy and supply chains, hits growth
President Marcos vows better protection and jobs for Filipino workers on Labour Day
Top travel site names Hanoi and Ho Chi Minh City as the world's top 100 walkable cities
Rising and rising: India exit polls suggest ruling party BJP gains in state elections
Iran crisis hampering aid to refugees as supply chain costs soar, UN warns
House arrest sparks little hope of Myanmar's Suu Kyi reclaiming limelight
Cambodia's economy is projected to slow to 4.3 per cent in 2026, says AMRO
Magnitude 5.6 earthquake strikes Taiwan region, GFZ says
Four killed, including two children, as train hits car in Indonesia
Hope for peace: Iran offers new proposal amid stalled US peace talks

Others Also Read