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...

Asian Development Bank Greenlights Funding for Enhanced Healthcare in Lao Border Provinces

In a bid to enhance access to quality healthcare services in Laos border provinces, the Asian Development Bank (ADB) has approved a financing package...

Inflation Rate in Laos Dips Slightly to 24.98 Percent in March

Amidst a backdrop of economic challenges, Laos experienced a marginal decline in its inflation rate, dipping to 24.98 percent in March from February's 25.35...

Government Holds Job Fair Amidst Labor Shortage Crisis

Desperate situations call for desperate measures. Laos held a job festival on 22 March in Vientiane Capital in a move to seek recruitment for...

Laos Drops in Global Happiness Rankings, Economic Factors Play Key Role

In the 2024 global happiness report, Laos has slid down to the 94th position among more than 140 countries worldwide, marking a decline of...

Australia Joins World Bank to Support Laos’ Land-Linked Agenda

Greater connectivity is a goal for Laos and a goal for ASEAN. This is why the World Bank and the Government of Laos have...

Government Faces Backlash After Notice of ‘Low’ Subsidy Raise for Civil Servants

The Lao government announced an increase in extra monthly subsidy by LAK 150,000 (USD 7.15)  for civil servants, including soldiers, police officers, retired employees,...