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...

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...

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...