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...

Capital Links Forum Highlights Opportunities, Barriers to Investment in Laos

On 11 October, Laos hosted the "Capital Links Forum" at the Souphattra Hotel in Vientiane, bringing together financial institutions, investors, policymakers, and fintech innovators....

Laos, Thailand Set Sights on USD 11 Billion Trade Goal by 2025

Laos and Thailand held an economic and trade cooperation talk during the 24th Economic Community Council Meeting on 7 October in Vientiane Capital, aiming...

Laos Launches Unified Foreign Exchange Market

On 6 October, the Bank of Laos (BOL) officially partnered with 11 commercial banks to launch the Lao Foreign Exchange Market Company Limited, an...

Laos and South Korea Deepen Agricultural Cooperation in Key Areas

Laos and South Korea have strengthened agricultural cooperation, focusing on modernizing Laos’s farming sector and boosting ties within ASEAN. On 30 October, South Korea’s Minister...

Thailand to Launch Electronic Travel Authorization System in 2025, Laos Exempt

Thailand plans to launch an Electronic Travel Authorization (ETA) system for visa-free travelers from 93 countries, but travelers from Laos, Malaysia, and Cambodia will...

Lao Bullion Bank Soft Opens in Vientiane

On 27 September, Lao Bullion Bank hosted its much-anticipated Soft Opening Ceremony at its headquarters in Phonsay village, Xaysettha district, Vientiane Capital. The event...