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,...

Laos Sees Fourth Month of Trade Deficit, Lao Kip Hits Record Low

Laos experienced four consecutive months of trade deficits from January to April this year. This situation has been exacerbated by rising inflation rates, leading...

Luang Namtha Boosts Tourism with New Attraction Study

Luang Namtha Province is actively enhancing its tourist sites to attract both foreign and national tourists. The province is particularly popular in winter, drawing...

Rural Laos Gets Lifeline with Second Phase of Nutrition Initiative

Laos has launched the second Reducing Rural Poverty and Malnutrition Project. Supported by the World Bank, this initiative aims to bring additional resources to...

Prime Minister Highlights Economic Growth Despite Challenges

Amidst ongoing economic difficulties, Prime Minister Sonexay Siphandone reported a 4.7 percent growth in the country's Gross Domestic Product (GDP) in the first half...

Major Road Enhancements in Vientiane to Boost Traffic Safety, Flow

In preparation for the upcoming ASEAN meetings in the capital, many roads in Vientiane are undergoing significant upgrades to enhance driving conditions and safety....

Human Capital, Green Sustainability: Two Priorities for Laos’ Future Economic Model

Laos is currently facing challenges transitioning from commodity-driven growth to a more inclusive prosperity model, reveals a new report from the Organisation for Economic...