Business

Laos Studies USD 1 Billion Vientiane-Lidu Industrial Park in Pakngum

On 13 August, Laos agreed to study the development of a new industrial park in Vientiane, with the proposed project expected to attract around USD 1 billion in investment. The feasibility study for the Vientiane-Lidu Industrial Park will cover 307 hectares across four villages in Pakngum district and is expected...

Vientiane Halts New Microfinance, Pawnshop Licenses Amid Regulatory Review

On 31 July, the Bank of the Lao PDR (BoL) suspended applications for new...

Lao Authorities, Lao Bank Seek Legal Action Against Thai Media Over Money Laundering Claims

On 31 July, Lao authorities and Lao Development Bank (LDB) met with Thailand's Central...

Chinese Commerce Chamber Urges Businesses in Laos to Cut Ties with Scam Networks

The General Chinese Chamber of Commerce in Laos has told its members to check...

Laos Inflation Edges Up in July, Electricity Prices Surge 91.5% Year-on-Year

Electricity prices jumped 91.5 percent in July compared to the same month last year,...

Laos Prioritizes Self-Reliant Economy in Next Five Years

The Lao government has planned to build a self-reliant and sustainable economy, leaders said Prime Minister Sonexay Siphandone at the latest government meeting on...

Supreme Court Blocks Trump Tariffs, 15 Percent Levy Keeps Pressure on Laos

A landmark US Supreme Court ruling has reshaped Washington’s trade policy, but for small economies like Laos, the relief may prove temporary. On 20 February,...

Lao Electricity Company Fast-Tracks Nam Ngum 3, Solar Projects to Secure Power Supply

Electricité du Laos (EDL) will accelerate the Nam Ngum 3 hydropower project and push forward 12 large-scale solar farms as it works to secure...

Electricité du Laos Signs Deal to Establish Cyber Security Operations Center

Electricité du Laos has signed a cooperation agreement to establish a Cyber Security Operations Center at EDL headquarters in Vientiane Capital to strengthen protection...

Asian Development Bank Beefs Up Lao Livestock with USD 42.9 Million Project

Lao authorities have launched a new livestock development project backed by USD 42.9 million in funding from the Asian Development Bank (ADB). The financing package...

Seven New Ambassadors Present Credentials to Lao President

On 17 February, President of Laos Thongloun Sisoulith received letters of credence from seven newly appointed foreign ambassadors. The ambassadors represent Thailand, Finland, Egypt, Georgia,...