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...

Vientiane Sees Over 20 Percent Surge in Tourist Numbers in First Half of 2024

Vientiane Capital welcomed a total of 674,196 visitors in the first six months of this year, including international and domestic tourists. This surge in number...

Vientiane Council Urges Compensation for Thanaleng Dry Port Affected Residents

The Vientiane People’s Council has called for compensation for residents who lost land or property due to the construction of the 51.1-hectare Thanaleng Dry...

Oudomxay Province Sees Tourism Boom in First Half of 2024

Oudomxay Province experienced a tourism boom in the first half of 2024, attracting over 113,000 visitors and generating more than USD 6.5 million in...

China Targets Southeast Asia in Bid to Lead Global EV Market

China's growing electric vehicle (EV) industry has its eyes set on dominating the Southeast Asian market as part of its broader ambition to lead...

Thai Tourists Go Cashless in Laos with New QR Payments

Thai tourists visiting Laos can now conveniently scan QR codes to pay for goods and services, thanks to a new cross-border payment system recently...

Vietnam Plans 6-Kilometer Conveyor Belt for Coal Transport from Laos

Vietnam will construct a 6-kilometer-long conveyor belt to transport coal from Laos. The project, costing around VND 1.5 trillion (USD 58.3 million), aims to...