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 Records Seven Months of Trade Deficit in 2023, Totaling USD 675 Million

Laos has grappled with a trade deficit for seven of the first nine months of this year, totaling USD 675 million. Only in February...

Laos Sets Tourism Record Boasting 285 Percent Surge in 2023

Nestled amid the green landscapes of Southeast Asia, Laos finds itself at the epicenter of an extraordinary tourism surge, statistics by the Ministry of...

Tourism, Hospitality in Focus as Lao Youth Embark on Japan Study Tour

Japan is set to welcome a delegation of 10 young people from Laos who are participating in the Japan-East Asia Network of Exchange for Students...

National University of Laos Turns 27

Lao higher education turns 27 years old. With a quiet celebration, the National University of Laos (NUOL) marks another milestone.  Founded in 1996 as a...

Bridge in Savannakhet Collapses under 42-ton Truck

Local authorities in Xayaboury District, Savannakhet Province, have promptly responded to the collapse of the Houay Thahao Bridge after the crossing of a 42-ton...

Laos, South Korea Partner to Simplify Cross-Border Money Transfers

Laos and South Korea are joining forces in a pilot project to facilitate the process of cross-border money transfers for Lao workers abroad and...