The Lao Brewery Firm Ltd. (LBC) cemented its place as Laos’ largest taxpayer in 2024, contributing over LAK 5.1 trillion (USD 240 million) in taxes. This marks a 32 % enhance in comparison with the earlier yr.
Henrik Juel Andersen, Managing Director of LBC, emphasised the corporate’s dedication to selling the nation’s growth.
“As an organization with an id deeply intertwined with the nation, LBC is absolutely dedicated to supporting the nation’s development by paying all our taxes,” he acknowledged.
In accordance with Andersen, LBC exported Beerlao price over USD 13 million to just about 20 nations. He famous that the rising worldwide recognition of Beerlao has boosted overseas foreign money inflows, thereby supporting the Lao Kip foreign money.
Andersen additionally identified LBC’s dedication to sustainable development by means of the Carlsberg Group’s “Sail 27” imaginative and prescient. The corporate is targeted on enhancing product high quality, elevating innovation, driving environmental stewardship, and interesting in group growth to profit the folks of Laos.
Regardless of these achievements, challenges stay. Kissana Vongsay, Chairman of LBC’s Board, expressed concern over the rising challenge of beer smuggling from neighboring nations, significantly Vietnam. He famous that the unlawful import of untaxed beers considerably impacts authorities income, lowering funds accessible for public providers and growth tasks.
“This follow harms the native economic system throughout the worth chain – from farmers and producers to authorized merchants and F&B companies,” Vongsay acknowledged, including that smuggled merchandise might embrace counterfeit objects that pose well being dangers to shoppers.
Since 2022, the corporate has spent over LAK 10 billion (USD 460,595) on tasks associated to environmental sustainability, training, catastrophe aid, healthcare, and group assist. These efforts additional reveal LBC’s dedication to enhancing the welfare of Lao communities.
