Economy

Laos Moves to Update Electricity Law for Energy Sector Shift

Laos is moving to update its electricity sector as the government prepares to adopt a revised Electricity Law aimed at supporting a greener, more modern and sustainable energy system. The current Electricity Law, adopted in 2017, no longer fully reflects changes in how electricity is generated, traded and managed, according...

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...

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...

Vietnam, Laos Promote Trade, Industrial, Energy Cooperation

On 3 January, the Ministry of Industry and Trade of Vietnam and the Lao Embassy in Vietnam agreed to continue coordinating closely to promote...

New Lao-Thai Bridge Close to Completion

Construction of the fifth “Friendship Bridge” across the Mekong River, linking Bolikhamxay Province in Laos and Bueng Kan Province in Thailand, is now 96.64...

Lower Inflation in Laos in 2024, but Cost of Living Remains High

Laos’s inflation rate dropped in 2024 to 21,3 percent, down from 31,2 percent in 2023, according to official reports. Despite this decline, the cost of...

Lao Government Addresses 73,000 Illegal Workers Abroad

The Lao government has revealed that more than 73,000 Lao workers are currently working abroad illegally, particularly in neighboring countries, despite the government's efforts...

ChildFund Bids Farewell to Laos After 14 Years

After 14 years of development work in Laos, ChildFund in Laos held its close-out ceremony today in Vientiane. The event recognised the organisation's dedication...

Vientiane’s New Bus Project: A Step Forward or a Traffic Gamble?

Additional reporting by Kheuakham Chanlivong In Laos, daily commutes are largely dominated by private vehicles, with public buses playing only a minor role in Vientiane...