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...

EuroCham Laos Organizes Its Annual General Assembly, Hosts Laos-Europe Business Networking Event With EU Delegation

The European Chamber of Commerce and Industry in Laos (or ECCIL EuroCham Laos) gathered all its members at this year’s Annual General Meeting on...

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,...