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...

New Fund Allocated to Education Improvement in Laos

In the heart of Southeast Asia, Laos is facing a challenge that many developing nations share: a need to improve its education system. To this...

Thailand Reduces Work Permit Fees for Employees from Laos, Cambodia, Myanmar, Vietnam

Thailand issued an official notice that set new fees for inspections and work permits for foreign workers from Laos, Cambodia, Myanmar, and Vietnam to...

Japan Provides Grant to Laos for New Bridge

The Government of Japan has provided a grant of USD 71,500 to support the construction of a new concrete bridge in Na-Han-Noi Village, Savannakhet...

Thai Prime Minister Visits Laos: New Infrastructure Projects in the Pipeline

Thailand’s Prime Minister Srettha Thavisin arrived in Vientiane Capital, Laos on the morning of 30 October, to strengthen and enhance cooperation between the two...

Former Chinese Premier Li Keqiang Passes Away at Age 66

On the morning of 27 October, the world mourned the passing of former Chinese Premier Li Keqiang, a leader who navigated China through a...

Laos Considers Raising VAT Rate to Boost Revenue

The Lao Ministry of Finance is considering raising the value-added tax (VAT) rate from 7 to 10 percent in an effort to boost government...