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...

Lao Tour Guides Trained to Meet International Standards

To promote the growing tourism sector in Laos, the Ministry of Information, Culture, and Tourism recently organized an intensive training course to enhance the...

Lao Kip Continues to Depreciate Despite Government Measures

The Lao government is taking steps to address the ongoing depreciation of the national currency, the Lao kip, and the skyrocketing inflation rates. However,...

New Expressway Section from Oudomxay to Boten Gets Green Light

The Lao government has approved the construction of the fourth section of the Laos-China expressway connecting Oudomxay Province to Boten at the Chinese border...

National University of Laos to Admit 5,920 New Students

The National University of Laos (NUOL) has announced that it will accept 5,920 new students for the 2024-25 academic year, with over 4,000 applicants...

USAID Pledges USD 15 Million to Aid Persons with Disabilities in Laos

The United States Agency for International Development (USAID) is set to provide Laos with up to USD 15 million to improve the lives of...

Laos to Raise VAT to 10 Percent on Digital Platforms

Starting 1 August, digital platforms like Google, Facebook, and Amazon will enforce a 10 percent value-added tax (VAT) on customers in Laos, following the...