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,...

Laos Launches New Job Search Website to Address Labor Market Challenges

On 14 August, Laos unveiled a new job search website, developed by the Ministry of Labor and Social Welfare (MOLSW) with support from the...

Vehicle Registration in Vientiane Exceeds City’s Population

In Vientiane Capital, the number of registered vehicles has now surpassed the city's population, exacerbating traffic congestion, pollution, and safety concerns. According to Amphaivanh...

Laos Faces USD 154 Million Trade Deficit in July, Seventh Consecutive Month of Imbalance

Laos recorded a USD 154 million trade deficit in July, marking its seventh consecutive month of trade imbalances. According to the Trade Information Center...

From Clicks to Progress: Youth Digital Pathways for Sustainable Development

The Lao Youth Union (LYU) and the United Nations Population Fund (UNFPA) marked International Youth Day with an event that gathered 300 young people...

Laos Establishes Bullion Bank to Secure Gold Reserves, Stabilize Kip

The Ministry of Finance, has signed an agreement with PTL  Holding Co., Ltd. on 7 August to establish the Lao Bullion Bank to build...

Bank of Laos to Launch Centralized Forex Market

The Bank of Laos (BOL) and 15 commercial banks signed a Memorandum of Understanding (MOU) on 5 August to establish a centralized foreign exchange...