Launching Ceremony of the Lao PDR Inventory Business Licenses Website
Vientiane, 25 January 2023 at Lao Plaza Hotel, Department of Enterprise Registration and Management of the Ministry of Industry and Commerce launches the Inventory Business Licenses Website (www.bned.moic.gov.la) to help business sector including domestic and foreign investors have an easy access to regulatory requirements Conveniently, simply, to save time and reduce the difficulty of requesting information from involve sectors.
The launching ceremony was chaired by H.E Mrs. Chanhsouk Sengphachanh, Deputy-Minister of Industry and Commerce, Dr. Xaybandith Ladsaphon, Vice Chairman of Lao National Chamber of Commerce and Industry and Mrs. Melise Jaud, representative from World Bank.
The Lao PDR Inventory Business Licenses Website (IBL Website) hosted on www.bned.moic.gov.la is an online catalogue of all the license regulations, certificates, and other types of government authorizations from all licensing authorities which contains all of legislation, regulations, procedures, deadlines, costs, documents and list of positive activities that must be applied for business permits from all sectors.
The IBL Website will also have long-lasting effects, and provides a watershed opportunity to improve the business climate and the relationship between the citizen and the Government, generating greater trust and a better perception of the State’s services.
“Streamlining and simplifying the licensing system in Lao PDR is an important reform to help business community to grow and thrive. The website will also help the government to foster ease of doing business in the country,” said Melise Jaud, representative from World Bank..
The IBL Website is supported by the Lao PDR Competitiveness and Trade project (LCTP), which is implemented by the Ministry of Industry and Commerce, with technical and financial support from the World Bank and additional financial contributions from Australia, Ireland, and the United States. The project aims to eliminate barriers to private sector-led growth by improving the regulatory environment, lowering trade costs and raising firm-level competitiveness.
