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...

Luang Prabang Launches Startup Ecosystem Initiative with South Korea

Luang Prabang Province in Laos is making strides to boost its startup ecosystem through a collaboration with Sejong City and the Hannam University Consortium...

Fighting Corruption: Laos Recovers Millions in 2024

Corruption continues to pose a significant challenge in Laos, with total losses amounting USD 32.1 million in 2024, according to the State Inspection and...

Laos to Enhance Truck Weighing Stations to Prevent Road Damage

On 26 November, Ngampasong Muangmani, Minister of Public Works and Transport, addressed concerns about road damage caused by overloaded trucks while highlighting efforts to...

YSEALI Summit 2024 Inspires Regional Collaboration Through Creative Economy

From 2 to 5 December, the Young Southeast Asian Leaders Initiative (YSEALI) Summit 2024 brought together 100 young leaders from across ASEAN and Timor-Leste...

Lao Bullion Bank Officially Opens Its First Financial Institution in Laos

On 3 December, a ceremony was held to celebrate the official launch of Lao Bullion Bank at the office building in Ban Phonxay, Xaysettha...

United Nation Expert Calls for Greater Protection of Cultural Rights in Laos

Laos is taking significant steps to preserve its cultural heritage and celebrate ethnic diversity through various government initiatives. However, challenges remain in fully protecting...