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Friday, October 31, 2025
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Economy

Lao MSMEs Struggle with Financing, Bureaucracy Despite Economic Growth

Micro, Small, and Medium Enterprises (MSMEs) in Laos face ongoing challenges, including limited access to finance, complex administrative procedures, and poor business documentation, according to Vice President Pany Yathotou. The vice president addressed the issue on 28 October at the 6th Party Congress of the Ministry of Industry and Commerce,...

Laos, Republic of Korea Celebrate 30 Years of Diplomatic Relations with Launch of Lao Digital Park

Laos and the Republic of Korea (ROK) are celebrating 30 years of diplomatic relations...

Attapeu Exceeds 2025 Revenue Budget Target with Strong Economic Growth

Attapeu Province reported a revenue budget of over LAK 1,230 billion (USD 56.7 million)...

Attapeu Approves South Korean Firm for 5-Megawatt Solar Project

Attapeu Province has approved a South Korean firm, SBIN Corporation, to develop a 5-megawatt...

Inflation in Laos Eases to 4 Percent in October

The cost of living in Laos continues to rise, with new data from the...

Lao Kip Drops to Record Low, Breaches 20,000 to US Dollar

The Lao kip has continued to depreciate against foreign currencies, reaching a historic low today in international markets. While the Bank of the Lao PDR...

Customs Officials from Laos, China, and Thailand Discuss Ways to Prevent Smuggling and Boost Trade

Customs officials from Laos, China, and Thailand met in Vientiane Capital on Monday, 11 September, to discuss ways to streamline customs procedures at border...

Lao Vice President Meets Putin to Bolster Laos, Russia Bilateral Ties

In a move to strengthen bilateral ties between Laos and Russia, the Lao Vice President, Pany Yathotou met with Russian President Vladimir Putin on...

Two Border Crossings Between Luang Namtha and Yunnan, China Reopen After 20 Months

Two border crossings between Luang Namtha province in Laos and China’s Yunnan province reopened on Monday, September 11, after being closed for 20 months...

Social Media Users in Vientiane Capital Raise Alarm Over Poor State of Roads

Many social media users, especially those in the Vientiane Capital, have once again expressed their anger and frustration over the poor state of the...

Lao Government Allocates LAK 4.5 Trillion to Boost Domestic Production and Stimulate Economic Growth

In a move to increase domestic production and counter ongoing economic challenges, the Bank of Lao PDR (BOL) has allocated LAK 4.5 trillion toward...