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 Targets Global Audience for ‘Visit Laos Year 2024’

In a bid to enhance international tourism in Laos, the government has reached out to countries across the world, extending invitations for their support...

ADB Greenlights Dual Funding Initiatives for Sustainable Urban Development in Luang Prabang

The Asian Development Bank (ADB) has approved two funding projects for the sustainable urban development of the Luang Prabang UNESCO World Heritage Site in...

Lao University Students Head to Japan to Celebrate 50 Years of ASEAN-Japan

Ten university students from the National University of Laos will be in Japan from 9-19 December as part of the Japan-East Asia Network of...

World Bank Recommends Fiscal Reforms to Address Laos’ Economic Challenge

The World Bank urged Laos to take immediate steps to stabilize the national economy. With public debt exceeding 100 percent of GDP and a...

Laos Joins Global Call for Action on Climate, Health Issues at COP28

Laos has joined 122 other countries in endorsing the Declaration on Climate and Health (COP28) at the 28th UN Climate Change Conference in the...

New Lao-Thai Friendship Bridge Project to Be Completed by End of 2024

Construction is currently underway for the 5th Lao-Thai Friendship Bridge Project, with an anticipated completion date set for the end of 2024, according to...