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...

Government Cracks Down on Corruption, Grants Amnesty in Commitment to Social Justice

Savannakhet authorities disciplined 69 officials through expulsion and dismissal over corruption allegations, while the Lao government granted amnesty to more than 1,800 prisoners. These...

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...