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...

Sustained Inflation in Laos Forces Shift in Employment Patterns, Hits Low-Income Families Hardest: World Bank Reveals

Laos is grappling with significant shifts in its job market and socio-economic landscape as a result of prolonged inflation, as per the latest findings...

Mekong Day Celebrations Emphasize Cooperation, Conservation Efforts

Representatives from Mekong Basin nations, along with development partners, convened at the Mekong River Commission (MRC) Secretariat to mark the 29th Mekong Day, focusing...

LOCA Currently Operates 20 Fast EV Charging Stations, Plans to Boost EV Infrastructure with 40 Stations by 2024

In a significant stride towards sustainable mobility, the CEO of LOCA announced at the ZEEKR Launch event that the company is now operating 20...

Australia Strengthens Partnerships with Laos, ASEAN

Australia’s ASEAN Senior Official Michelle Chan visited Vientiane this week on a mission to further strengthen Australia’s partnerships with Laos and ASEAN. Last month’s ASEAN-Australia...

Southeast Asian Countries Consider Ways to Boost ‘Green Financing’ as Region Chokes on Smog

LUANG PRABANG, Laos (AP) — Senior finance and central bank officials from Southeast Asia and major economies met Thursday, 4 April in the scenic...

Labor Ministry Calls for Lao Nationals to Apply for Jobs in Laos

Laos is grappling with a severe labor shortage crisis as youths increasingly seek higher wages through employment opportunities abroad. In an effort to retain...