Economy

Lao Scholar Draws on History to Explore What Makes a Country ‘Great’

In many Lao communities, temples are among the cleanest places around. People sweep the grounds, tend to the gardens, and take care of the buildings. There is a shared understanding that these places are sacred, belong to everyone, and that caring for them is a collective responsibility. But why doesn't...

Laos’s Credit Rating Upgraded After Bond Sale, Hong Kong Tax Pact

Laos has received a credit rating upgrade after issuing a USD 500 million international...

Laos Eyes 500MW Renewable Electricity Export to Singapore

Laos is eyeing a major expansion of its clean energy exports following a proposed...

Laos Orders Local Trade Offices to Stop Restricting Business Competition

The Ministry of Industry and Commerce has ordered trade offices nationwide to stop imposing...

Laos Inflation Eases to 7.7 Percent as Electricity Costs Remain High

Laos’ inflation edged down to 7.7 percent in October from 7.8 percent in September,...

Bank of Laos Increases Interest Rates Amid Economic Challenges

The Bank of Laos (BOL) has announced a hike in interest rates to tackle rising inflation. After a recent Monetary Policy Committee meeting, the...

Laos, Vietnam to Introduce Kip-Dong Cross-Border Payment System

Laos and Vietnam are set to Launch a new payment system enabling direct trade transactions in kip and dong currencies. Starting in September, the...

First Cold-Chain Train Connects Yunnan with Vientiane

China has introduced its first refrigerated freight train service from Yunnan Province to Laos via the Lao-China Railway, marking a significant step in enhancing...

Government Considers Increasing Employee Allowances to Counter Rising Costs

To address the growing cost of living, the Lao government is considering a proposal to raise allowances for employees in enterprises. This topic is...

First Meteorological Tower to be Installed for Savannakhet Wind Farm Projects

On 22 August, a groundbreaking ceremony was held for the first meteorological tower in Nathou village, Phin district, Savannakhet Province. This tower will collect...

Laos Boosts Modern, Traditional Medicine Management to Improve Public Health

The Lao Ministry of Health has introduced a set of measures aimed at improving the management of both modern and traditional medicines in a...