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...

Recent Cold Snap Damages Coffee Plantations in Champasack

On 14 January, the Department of Agriculture and Forestry of Champasack Province reported significant damage to coffee plantations in Pak Song district caused by...

Lao Government Aims for Fifth Year of Budget Surplus

The Lao government is striving to surpass its state budget revenue targets for a fifth consecutive year,  With a vision toward an independent and self-reliant...

Laos Adopts Satellite Technology to Boost Carbon Credit Potential

Laos is leveraging satellite remote sensing technology to calculate carbon stocks across nine forest areas in the country totaling 170,556 hectares.  The objectives of this...

Nine Lao University Students Heading for Japan to Participate in the ASEAN-Japan Students Conference

Nine Lao university students will soon travel to Japan to participate in the ASEAN-Japan Students Conference as part of JENESYS, an exchange program supported...

Houaphanh’s Nam Xang River Turns Red Due to Iron Ore Wastewater Discharge

On 12 January, an overflow of wastewater from an iron ore washing reservoir in Viengxay district, Houaphanh Province, turned the Nam Xang River dark...

Vietjet to Boost Aviation Infrastructure in Laos

Vietnamese airline Vietjet has signed an agreement to support Laos in advancing its aviation infrastructure.  The partnership, announced on 10 January, was overseen by Lao...