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,...

USAID Okard Celebrates Success in Promoting Disability-Inclusive Development in Laos

On 11-13 October, Acting USAID Country Representative to Laos Kevin Smith and Deputy Director General of the Department of Policy for Devotees, Persons with...

Lao Residents Continue Crossing to Thailand Amidst High Inflation

Residents in Laos are still seen actively traveling to neighboring Thailand despite high inflation and fluctuating foreign currency prices. Since the reopening of the Lao-Thai...

Freight Train Between Vientiane, Shanghai Officially Launched

A freight train service linking Vientiane Capital, Laos, and Shanghai, China, was officially launched on 8 October. This freight service which links the Laos-China Railway...

Thai Credit Rating Agency Demotes Lao Sovereign Rating to Below Investment Grade

The Lao government has issued the first-ever Thai Baht bond in the Lao domestic market, as a Thai credit agency downgraded the country’s credit...

Works on Largest Wind Power Project in Southeast Asia Move Forward

Wind turbine delivery continues as the country carries on with the development of the largest wind farm in Southeast Asia (SEA). Following the delivery of...

Lao Ministry Partners With ADB to Enhance Capacity in Public Debt Management

The Lao Ministry of Finance, in partnership with the Asian Development Bank (ADB), concluded a 2-day training on “High-level Policy Dialogue on Good Practices...