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...

Laos Gears Up for First Digital Population, Housing Census in 2025 With Pilot Test

Laos is preparing to conduct its 5th Population and Housing Census (PHC) in March 2025, with a pilot test set to take place in...

Nam Theun 2 Power Company Boosts Lao Government Revenue with Significant Tax Contribution

Nam Theun 2 Power Company handed over more than USD 15 million in income taxes from its electricity production in 2023 to the Lao...

Luang Prabang Approves New Economic Zone for Tourism, Economic Growth

Luang Prabang is set to launch a new economic zone for the development of ecology, agriculture, and tourism at a 7,693-hectare site in Luang...

Malaysia Pledges Support to Elevate Industrial, Commercial Standards in Laos

Malaysia has pledged its support to enhance industrial and commercial standards in Laos to promote trade between the two nations. This commitment was reiterated during...

Adapting to Adversity: How Lao Citizens Cope with Economic Challenges

Over the past four years, starting with the onset of COVID-19 in 2019, Laos has experienced a significant economic shift. The current economic woes,...

LOCA Secures Funding from ADB Frontier to Expand Electric Vehicles Fleet, Charging Network

LOCA, Laos's leading mobility service provider, has received significant funding from the Asian Development Bank (ADB) through ADB Frontier, with support from the United...