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Friday, November 14, 2025
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Economy

Laos Uncovers Widespread Corruption, Records Billions in Losses Over Five Years

Laos has uncovered widespread corruption cases nationwide over the past five years, identifying 334 individuals implicated in financial misconduct between 2021 and 2025, with total losses exceeding LAK 642.93 billion (nearly USD 30 million), alongside significant losses in multiple foreign currencies.  Khamphanh Phommathat, President of the State Inspection Authority (SIA),...

Lao State Fuel Company Set to Transform into Public–Private Joint Venture

The Lao government is moving to restructure the Lao State Fuel Company (LSFC) into...

EDL-Gen Signs an Agreement to Boost Floating Solar, Carbon Credit Initiatives

On 10 November, Électricité du Laos Generation Public Company (EDL-Gen) signed an agreement with...

National Assembly Calls for Action on Roads, Education, Agriculture

At the 10th Ordinary Session of the 9th National Assembly on 11 November, members...

Construction Begins on National Road No. 2W Upgrade Project Worth USD 10 Million

On 11 November, the Ministry of Public Works and Transport (MPWT) signed a contract...

Bokeo Airport Completes 90% Construction, Operations to Start This Year

The airport, which was expected to wrap up construction by May, is now planning to start operations by November or December of this year. The...

Laos Records Trade of Over USD 1 Billion in May

The country saw two-way trade of USD 1.086 billion in May, with gold bullion and gold bars being the most exported items, according to...

Vietnam’s Economy Slows Amid Global Headwinds, Experts Predict Rebound

Vietnam's economy is confronting obstacles such as a slowdown in industrial production and declining exports due to weak external demand, as highlighted by the...

Lao Students Gain Technological Insights While Traveling on Laos-China Railway

Lao students from Chomphet secondary school in Vientiane had the opportunity to learn more about the Lane Xang electric multiple units (EMU) trains on...

BOL Gives More Flexibility to Commercial Banks on Foreign Currency Exchange

The Bank of Laos has issued a notice to provide better flexibility in foreign currency exchange rates to commercial banks as the LAK’s value...

Laos Sees Fourth Consecutive Fuel Price Hike in June Amid Inflation and LAK Depreciation

Laos experienced its fourth consecutive fuel price hike in June due to inflation, the depreciation of the Laotian Kip (LAK), and the war in...