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...

Bank of Laos to Launch Centralized Forex Market

The Bank of Laos (BOL) and 15 commercial banks signed a Memorandum of Understanding (MOU) on 5 August to establish a centralized foreign exchange...

Study Reveals Water Insecurity Crisis in Rural Laos, Urges Improved Management Strategies

Despite Laos' abundant water resources, a recent research by the Faculty of Public Health at the University of Health Sciences has revealed critical issues...

First Lao Nationals Certified as Train Drivers by Lao-China Railway

On 5 August, the Lao-China Railway awarded driver certificates to 14 Lao nationals who successfully completed a self-driven test. This certification ceremony marks the...

Japanese Ambassador Celebrates Lao Scholars Heading to Japan

On 1 August, the Ambassador of Japan, Tsutomu Koizumi hosted a reception at his residence in Vientiane Capital for students and senior fellows of...

Laos Faces Sixth Consecutive Monthly Trade Deficit, Reaches USD 133 Million in June

Laos experienced a trade deficit of USD 133 million in June, marking the sixth straight month of trade deficits in 2024. According to data...

Laos Unveils Electronic Certificate of Origin Issuing System to Boost Trade

The Ministry of Industry and Commerce (MOIC) of Laos, with support from the United States Agency for International Development (USAID), has launched an enhanced...