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...

Laos Advances Russian Language Education with Cultural Festival

A series of events unfolded in Vientiane Capital, Laos, as the Association of Teachers of Literature and Russian Language hosted "Russian Language in Asia"...

Laos Charts Course for Growth in 2024 with Tourism Focus, Infrastructure Overhaul Amidst Economic Challenges

As 2023 nears its conclusion, Laos continues to face economic challenges, including surging inflation, a scarcity of labor, and an expanding trade deficit. In...

Laos to Grow EV Market, Fueled by Renewable Energy Ambitions

The burgeoning popularity of electric vehicles (EVs) in Laos has marked significant growth in 2023, with a total of 4,631 EVs sold, comprising 2,592...

Lao Government Rejects Claims of Luang Prabang’s World Heritage Status Threat Amidst YouTube Controversy

In response to a video uploaded on a Thai YouTube channel, the Lao government has denied claims that Luang Prabang town is at risk...

Vietnam Considers Importing Electricity From Laos to Tackle Power Shortage

In response to the persistent power shortages in Northern Vietnam, the Vietnam Electricity Group (EVN) has put forth a proposal to import wind power...

Hong Kong Stands Ready to Cooperate With Laos on Yuan Trading, Green Financing

Hong Kong has identified three areas for cooperation with Laos and Vietnam during the Secretary for Financial Services and the Treasury’s visit to the...