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,...

Vientiane Council Urges Compensation for Thanaleng Dry Port Affected Residents

The Vientiane People’s Council has called for compensation for residents who lost land or property due to the construction of the 51.1-hectare Thanaleng Dry...

Oudomxay Province Sees Tourism Boom in First Half of 2024

Oudomxay Province experienced a tourism boom in the first half of 2024, attracting over 113,000 visitors and generating more than USD 6.5 million in...

China Targets Southeast Asia in Bid to Lead Global EV Market

China's growing electric vehicle (EV) industry has its eyes set on dominating the Southeast Asian market as part of its broader ambition to lead...

Thai Tourists Go Cashless in Laos with New QR Payments

Thai tourists visiting Laos can now conveniently scan QR codes to pay for goods and services, thanks to a new cross-border payment system recently...

Vietnam Plans 6-Kilometer Conveyor Belt for Coal Transport from Laos

Vietnam will construct a 6-kilometer-long conveyor belt to transport coal from Laos. The project, costing around VND 1.5 trillion (USD 58.3 million), aims to...

Laos Seeks Debt Deferrals as External Payments Nearly Double to USD 950 Million

Laos is seeking more time to pay off its debts, as its external debt payments nearly doubled to USD 950 million last year, from...