Economy

Global Financial Bodies Warns of Slower Growth, Higher Inflation for Laos in 2026

Laos' economy is expected to continue expanding this year, even as slower growth and inflation present challenges, according to a global financial institution. In its latest outlook released on 9 July, the Asian Development Bank (ADB) forecast that Laos’ economic growth will ease this year while inflation surges, driven largely...

Railway Expansion, Education Reform Among Key Issues at National Assembly

Expanding the railway to southern Laos, rolling out a new school system, reducing poverty,...

Laos Collects USD 12 Million in Digital Taxes From Global Tech Companies

Laos has collected approximately USD 12 million in digital taxes from global technology companies...

Laos Agricultural, Forestry Exports Top USD 1 Billion in First Half of 2026

Laos earned more than USD 1 billion from agriculture and forestry exports in the...

Champasak Signs Deal for New 5-MW Solar Power Project

Authorities in Champasak signed a concession agreement on 3 July with a private company...

Companies Struggling to Pay Employees Under New Wage Rules

Despite a recent nationwide increase in the minimum wage, many employers in Laos are still paying their workers less than the mandated amount. Employers argue...

Bamboo Concession Project to Boost Local Economy in Oudomxay Province.

On 20 December, Oudomxay Province signed a concession agreement with Ammata Lao Lanexang Co., Ltd., a private company, granting them the rights to utilize...

Vientiane Faces Higher School Dropout Rates in 2023-2024

Dropout rates in Vientiane Capital increased by approximately 13.3 percent during the 2023-2024 school year, government officials said. On 17 December, during a National Assembly...

Korea Funds Bridge, Road Safety Upgrades on National Road in Laos

On 19 December, the Korea International Cooperation Agency (KOICA) announced a grant of USD 13 million to upgrade six bridges and improve road safety...

Vientiane Surpasses Poverty Reduction Target, 99.43% Progress Achieved

Almost the entirety of Vientiane’s population is now above the poverty line, according to Sengaloun Souliyavong, the Head of Vientiane's Department of Agriculture and...

State Budget Mismanagement Uncovered in Vientiane Capital

Laos is facing issues in managing its state budget, with billions of kip unaccounted for, according to the Vientiane Capital People's Assembly on 19...