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,...

Lao University Students Head to Japan to Celebrate 50 Years of ASEAN-Japan

Ten university students from the National University of Laos will be in Japan from 9-19 December as part of the Japan-East Asia Network of...

World Bank Recommends Fiscal Reforms to Address Laos’ Economic Challenge

The World Bank urged Laos to take immediate steps to stabilize the national economy. With public debt exceeding 100 percent of GDP and a...

Laos Joins Global Call for Action on Climate, Health Issues at COP28

Laos has joined 122 other countries in endorsing the Declaration on Climate and Health (COP28) at the 28th UN Climate Change Conference in the...

New Lao-Thai Friendship Bridge Project to Be Completed by End of 2024

Construction is currently underway for the 5th Lao-Thai Friendship Bridge Project, with an anticipated completion date set for the end of 2024, according to...

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...