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...

Regional Partners Cooperate to Enhance Disaster Monitoring, Response in ASEAN

The Mekong River Commission (MRC) Secretariat and the ASEAN Coordinating Centre for Humanitarian Assistance on Disaster Management (AHA Centre) have agreed to deepen their...

Surge in Cross-Border Tourism: Thailand Welcomes Over 300,000 Lao Nationals in Early 2024

In a surge of cross-border tourism, Thailand welcomed over 300,000 Lao nationals in the first three months of this year. This influx has placed...

Inflation in Laos to Remain High All Year Long, Bank of Laos Says

Inflation will remain high through the end of 2024, making it impossible to reduce the inflation rate to a single-digit figure within this year,...

Laos Expands Telecommunications Network, Reaching Remote Villages

Laos has achieved a big step in its telecommunications system by adding fiber optic cable that stretches 98,524 kilometers. This means more villages across...

China Identified as Most Influential Economic Power in Southeast Asia, Survey Finds

A recent survey of nearly 2,000 respondents from the 10 ASEAN countries has identified China as the most influential economic power in the region. The...

Inadequate Minimum Wage Deepens Economic Woes in Laos, Fueling Labor Shortages, School Dropouts

Laos is grappling with growing economic and societal challenges as the current minimum wage, deemed inadequate by both workers and business owners, exacerbates labor...