Development

Vietnam Emerges as Laos’ Second-Largest Foreign Investor with USD 8 Billion in Projects

Vietnam has become Laos's second-largest foreign investor, with more than 400 projects worth a combined USD 8 billion approved, according to the Lao Ministry of Foreign Affairs.  Vietnam ranks second among 53 countries investing in Laos, behind China, whose investment in the country totals USD 15 billion. Lao authorities approved six...

Laos, China Launch Digital Payment Link For Cross-Border Transactions

Laos and China have launched a new digital payment link that allows Chinese visitors...

Lao, Chinese Energy Firms to Study Battery Storage System for Laos Power Grid

On 11 September, Électricité du Laos (EDL) and Chinese energy company Shenzhen Yichu Smart...

Thailand Approves Loan for New Mekong Bridge in Luang Prabang

Thailand’s Cabinet approved financial assistance for the Lao government to construct the Xiengman-Luang Prabang...

Business, Labor Experts Talk Responsible Business Standards as Laos Prepares for LDC Graduation

Business and labor experts met in Vientiane on 3 September to discuss standard guidelines...

No Longer Poor: Can Laos be Clean, Green and Great?

By Anoulak Kittikhoun, originally published on Fulcrum Analysis on Southeast Asia Laos will graduate from the UN’s Least Developed Country (LDC) category this year. Doing so...

Vang Vieng Gears Up for USD-216M Tourism Overhaul as Old Airport Transforms

Preparations are underway for a USD 216 million tourism complex at the old airfield in Vang Vieng. Lao Yijin Group Co., Ltd. is leading the...

Laos Inflation Drops to 9 Percent, But Living Costs Remain High

Laos recorded an inflation rate of 9 percent in May, down from 10.2 percent in April, marking the first slowdown in consumer price growth...

Laos, Cambodia Advance ASEAN Power Grid

On 25 May, Laos and Cambodia signed a joint framework agreement in Phnom Penh to launch a feasibility study on a cross-border power grid...

Laos Signs Concession for 80MW Xekaman 4 Hydropower Project to Export Power to Vietnam

Laos has formalized a build-operate-transfer (BOT) concession for the 80-megawatt Xekaman 4 Hydropower Project in Sekong province, with all electricity generated designated for export...

Vietnam Invests USD 50 Million in Major Coffee Project in Southern Laos

A new Vietnamese investment in southern Laos will bring a large-scale coffee plantation and processing project to Champasak province, further expanding foreign agricultural investment...