26 C
Vientiane
Tuesday, September 24, 2024
spot_img

Economy

Lao Producers Gear Up for Duty-Free Exports to UK Under New Trade Scheme

Lao food and drink producers are preparing to export their products tariff-free to the United Kingdom (UK) under the UK’s Developing Countries Trading Scheme (DCTS). This initiative provides Lao exporters with access to the UK market without the burden of import tariffs, opening up new growth opportunities. On 19 September,...

Lao Government to Take Action Against Floodings, Economic Challenges

The Lao government has outlined plans to tackle national issues during its latest cabinet...

China-Laos Railway Facilitates Regional Trade Surge, Handling Over 10 Million Tons of Goods

Since its launch on 3 December 2021, the China-Laos Railway has handled over 10...

Khammouane Province Fights Deforestation with New Farmer-Led Conservation Initiative

The forestry authorities in Khammouane have launched a new project to protect biodiversity and...

Namtheun 2 Wins ASEAN-OSHNET Excellence Award for Outstanding Safety Performance

Namtheun 2 was recognized for its excellent health and safety performance at the 5th...

Mekong Tourism Forum Concludes with Great Hope for the Future

The Mekong Tourism Forum 2022 (MTF) was held this week on 12-13 October to highlight the profile of the Greater Mekong Sub-region (GMS) as...

Five Ways Laos Could Revive its Economy (By an Economist)

Given the soaring inflation rate and economic crisis in the country, Phil Allan, a Macroeconomic Policy Analyst, opines on what reforms could transform the...

Laos Records a Trade Deficit of USD 233 Million in September

Laos recorded a trade deficit of USD 233 Million in September, according to the latest information from the Lao trade portal. The trade deficit...

Over 100 Gas Stations in Ho Chi Minh City Run out of Fuel

Vehicles were seen queuing for hours outside gas stations in Ho Chi Minh City in Vietnam as 121 petrol stations, i.e. 20 percent of...

Laos, Thailand Meet to Discuss Railway Project Connecting Vientiane and Nong Khai

Officials from Laos and Thailand met last week in Vientiane Capital to discuss the Laos-Thailand railway project, which is expected to commence operation in...

Inflation in Laos Skyrockets to a 22-Year High of 34 Percent in September

According to the Lao Statistics Bureau, the inflation rate has increased by four percent from August's figures of 30.01 percent to 34 percent in...