Business

Laos Cuts 7-Day Base Interest Rate to 7% as Economic Risks Persist

The Bank of Laos (BOL) has cut its seven-day base interest rate from 8 percent to 7 percent a year as inflation remains below the government’s 8 percent target. The Monetary Policy Committee approved the cut at its meeting on 20 August, where it reviewed monetary policy, economic conditions, fuel...

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...

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 Celebrates National Handicraft Day, Honoring Heritage, Economic Impact

Laos commemorates its National Handicraft Day on 1 November, celebrating the nation’s rich heritage and the economic value of its traditional crafts. Established in...

Flooding Severely Damages Irrigation Systems Across Laos

Recent flooding from July to September has heavily impacted Laos' irrigation infrastructure, damaging 300 projects across 12 provinces and affecting nearly 15,000 hectares of...

Fashion as Cultural Diplomacy: Southeast Asia’s Presence in BRICS+ Summit

In early October, while Laos was immersed in ASEAN responsibilities, the BRICS+ Fashion Summit in Moscow brought together over 80 countries, including several Southeast...

Vientiane Province Boosts Tourism Goals with 1.3 Million Visitor Target by End of 2025

Vientiane Province is actively boosting tourism to position the industry as a key economic driver, with a goal to attract over 1.3 million visitors...

First Direct Export of New Energy Buses from Guizhou to Laos Begins via China-Laos Railway

CGTN - A train carrying 28 China-made new energy buses departed on 28 October from the Dulaying International Land-Sea Logistics Port in Guiyang, Guizhou...

Lao Durian Sector to Focus on Export Growth to China

On 24 October, government officials, agricultural experts, and representatives from the private sector gathered to discuss enhancing the Lao durian sector for export to...