Economy

Laos Cabinet Approves New Draft Laws Amid 7.6% Inflation, Reviews Economic Priorities

Laos's Cabinet approved 12 draft laws and proposals during its August 24-25 meeting, as the government reported average inflation of 7.6 percent and reviewed economic, social and disaster-related challenges for the second half of 2026. The drafts cover government administration, public procurement, alcohol control, civil law, health insurance, social security,...

Laos Economy Grows 5% in Year’s First Half, Government Holds to 6% Target

Laos’ economy expanded 5 percent in the first half of 2026, helped by a...

Attapeu Looks to Job Support as School Dropouts Rise

Attapeu is expanding its employment services as the province seeks to respond to labor...

Laos Moves to Update Electricity Law for Energy Sector Shift

Laos is moving to update its electricity sector as the government prepares to adopt...

Laos Cuts 7-Day Base Interest Rate to 7% as Economic Risks Persist

The Bank of Laos (BOL) has cut its seven-day base interest rate from 8...

Laos, Singapore Strengthen Ties in Education, Clean Energy

Laos and Singapore have agreed to enhance collaboration on education and carbon credits, with two agreements signed on 9 July during Lao Prime Minister...

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...