Economy

Lao Scholar Draws on History to Explore What Makes a Country ‘Great’

In many Lao communities, temples are among the cleanest places around. People sweep the grounds, tend to the gardens, and take care of the buildings. There is a shared understanding that these places are sacred, belong to everyone, and that caring for them is a collective responsibility. But why doesn't...

Laos’s Credit Rating Upgraded After Bond Sale, Hong Kong Tax Pact

Laos has received a credit rating upgrade after issuing a USD 500 million international...

Laos Eyes 500MW Renewable Electricity Export to Singapore

Laos is eyeing a major expansion of its clean energy exports following a proposed...

Laos Orders Local Trade Offices to Stop Restricting Business Competition

The Ministry of Industry and Commerce has ordered trade offices nationwide to stop imposing...

Laos Inflation Eases to 7.7 Percent as Electricity Costs Remain High

Laos’ inflation edged down to 7.7 percent in October from 7.8 percent in September,...

Laos’ SEZs Surge with Major Investments, Fueling Economic Growth Amid Lingering Concerns for Worker Safety

Laos experienced a slight economic upswing in 2023 as approximately 178 companies funneled investments into Special Economic Zones (SEZs) across the country, generating over...

Thai Prime Minister Says Visa-Free Policy for Chinese Visitors to Be Made Permanent in March

BANGKOK (AP) — Thailand and China will soon implement visa-free entry for each other’s citizens, Thai Prime Minister Srettha Thavisin said Tuesday. Chinese nationals will...

Airport in Houaphanh Set for International Upgrade

Houaphanh province is set to upgrade Nong Khang airport to international status to boost tourism and economic development across the province, Governor Khampheng Saysompheng...

Government Targets Lower Inflation Rates in 2024

Despite the country's persistent efforts to curb inflation, Laos experienced an average inflation rate of 31.2 percent throughout 2023. But the central bank and...

Laos Advances Russian Language Education with Cultural Festival

A series of events unfolded in Vientiane Capital, Laos, as the Association of Teachers of Literature and Russian Language hosted "Russian Language in Asia"...

Laos Charts Course for Growth in 2024 with Tourism Focus, Infrastructure Overhaul Amidst Economic Challenges

As 2023 nears its conclusion, Laos continues to face economic challenges, including surging inflation, a scarcity of labor, and an expanding trade deficit. In...