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 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...

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...