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...

Thai Dominance at Vientiane Book Festival Spurs Reflection on Lao Literary Identity

Additional reporting by Phontham Visapra The Vientiane Book Festival 2023 kicked off on 27 November at the Vientiane Center shopping mall and is set to...

Laos Explores Rare Earth Token Project to Boost Economy

The Lao government is exploring the possibility of launching a pilot rare earth token project to generate more foreign currency and bolster the country's...

Laos, Australia Ink Agreement on Human Rights Cooperation

In a significant stride towards promoting and safeguarding human rights, the Australian Human Rights Commission has inked an agreement with the Lao Government and...

Laos Grapples with 25.2 Percent Inflation in November

Laos recorded a 25.2 percent inflation rate in November, marking a slight drop from the previous month. The surge in inflation rates hit various sectors...

Booming Sectors, Looming Debts: Laos Nears Halfway Point of Socio-Economic Development Plan

As Laos reaches the midpoint of its five-year socio-economic development plan (NSEDP), the country looks back at the achievements and challenges of the past...

Laos to Hold Second Human Capital Summit to Tackle Nutrition

Human capital—the knowledge, skills, and health needed for boosting productivity—is the most important form of capital for the growth of society, and Laos is...