Economy

Global Financial Bodies Warns of Slower Growth, Higher Inflation for Laos in 2026

Laos' economy is expected to continue expanding this year, even as slower growth and inflation present challenges, according to a global financial institution. In its latest outlook released on 9 July, the Asian Development Bank (ADB) forecast that Laos’ economic growth will ease this year while inflation surges, driven largely...

Railway Expansion, Education Reform Among Key Issues at National Assembly

Expanding the railway to southern Laos, rolling out a new school system, reducing poverty,...

Laos Collects USD 12 Million in Digital Taxes From Global Tech Companies

Laos has collected approximately USD 12 million in digital taxes from global technology companies...

Laos Agricultural, Forestry Exports Top USD 1 Billion in First Half of 2026

Laos earned more than USD 1 billion from agriculture and forestry exports in the...

Champasak Signs Deal for New 5-MW Solar Power Project

Authorities in Champasak signed a concession agreement on 3 July with a private company...

Laos Enhances Business Infrastructure With Streamlined Approval Process

In a move to foster a more conducive business investment environment, the Lao government has approved a new regulation set to slash the registration...

Laos Government Imposes Higher Fines to Curb Unlawful Mining Practices

In a move to penalize mining companies that carry out unlawful practices, the government has issued fines of over a billion kip to ensure...

Luang Prabang Targets 1.7 Million Tourists Amid Heritage Preservation Concerns

Luang Prabang is set to dazzle visitors in Visit Laos Year 2024, aiming to attract both domestic and international visitors throughout the year. However,...

Laos Partners with Chinese Firm for Tech Advancement in Mineral Exploration, Environmental Management

The Lao government has joined forces with a Chinese firm to revolutionize mineral exploration, natural resource mapping, urban planning, and environmental management across Laos. On...

Oxfam Warns of Trillionaire Emergence as Wealth Soars Amid Global Poverty

The wealth of the world's five richest individuals has soared by an alarming 114 percent since 2020. With Oxfam predicting the emergence of the...

Tallest Building in Laos to Open in March, Marking 75th Army Anniversary

The upcoming 75th anniversary of the Lao People’s Army will be marked with the grand opening of the towering 33-story Latsavong Plaza in central...