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 Navigates Mid-Range in Sustainable Competitiveness Journey

In the ever-evolving landscape of sustainable development, the Global Sustainable Competitiveness Index (GSCI) serves as a compass, guiding nations towards a balanced and eco-friendly...

Government Unveils Plan to Revamp Road Infrastructure

In a move to address the issue of deteriorating roads, the government has pledged to bolster its efforts by increasing funding for road maintenance...

Laos Sets Targets in 5-Year Energy, Mines Development Plan

Accurate resource assessment is key to effectively managing rare mineral resources, said the Minister of Energy and Mines, Phoxay Sayasone, at the 6th Ordinary...

Stricter Fiscal Management, Tighter Monetary Policy Key to Sustainable Growth

PRESS RELEASE by ASEAN+3 Macroeconomic Research Office (AMRO) Laos' economy is expected to maintain its recovery from the COVID-19-pandemic in 2023. But currency depreciation and...

National Assembly Members Raise Alarms Over Soaring Dropout Rates

National Assembly members have raised concerns over the rising school dropout rates and the acute teacher shortage plaguing both Vientiane and rural areas of...

Laos Explores Growth Opportunities in Wood Processing Industry through EU, Regional Cooperation

As the wood processing industry in Laos is poised for significant growth in export value and economic development, the Lao government has been working...