Business

Laos Makes Single Window System For Import Processing Mandatory

It is now obligatory that the processing of all imports will be conducted via the Lao National Single Window (LNSW). In line with this, the Ministry of Finance has mandated that traders must immediately register on the system. The range of services available via the LNSW system includes issuing permits; facilitating requests and tracking the movement of cargo by manifest reference ID; collecting trading taxes, duties and other fees; providing a single point of invoicing and billing; and providing statistical information and reports. All economic operators and shipping agents engaged in import, export or transit can visit the LNSW office in Vientiane, the national capital, for free training in the use of the system. The cost of making a payment using the LNSW is LAK120,000 (US$12.82) per transaction, excluding customs and other duties, taxes, fees and service charges. The system also permits the use of multiple payment options, including BCEL i-Banking, BCEL One and LDB Corporate Banking, as well as cash, money transfers and cheques.