Economy

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...

Prime Minister Calls for Tighter Oversight of Boten SEZ Amid Development Challenges

Prime Minister Sonexay Siphandone has called for stronger management of the Boten Special Economic...

Laos-China Railway Trade Surges as Cross-Border Freight Hits New Highs

Trade along the Laos-China Railway continued to grow sharply in the first half of...

Laos Identifies Two New Rare Earth Target Areas Across Four Provinces

Laos has completed field surveys and identified two major potential rare earth target areas...

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...

Xekong Province Takes Action to Combat Growing School Dropout Rates

Xekong Province is stepping up efforts to address the rising school dropout rates, which continue to challenge local education systems, authorities said. Provincial officials are...

Families Settle into New Homes as Nam Khan 3 Hydropower Project Progresses

In Laos, the peaceful life of many villages is often disrupted by major infrastructure development projects aimed at promoting greater economic benefit. One such...

Luang Namtha Reports Over 20,000 Land Titles Destroyed in 2024 Floods

Luang Namtha Province experienced severe flooding in 2024, leading to significant destruction, including the loss of 20,000 land titles, according to the provincial authorities. The...

Laos Ranks Seventh Among ASEAN Countries Sending Workers to South Korea

Laos has been ranked seventh among ASEAN countries in terms of sending workers to South Korea, with 2,969 Lao nationals currently employed there, according...

Laos-China Railway Expands Services for Chinese New Year Travelers

With the Chinese New Year approaching, the Laos-China Railway has rolled out special measures at the Bohan Railway Border, including expanded counter services and...

Xam Tai District’s Silk Tapestries Set to Achieve ODOP Status

Traditional silk tapestries from Xam Tai district in Houaphanh Province will soon be recognized as official One District One Product (ODOP), aiming to preserve...