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,...

NA Member Reveals Costly Toll of Illegal Mining on Lao Economy, Calls for Govt Action

During the ongoing 5th Ordinary Session of the 9th National Assembly Legislature, Mr. Deng Pathoumthong, a constituent from Xaysomboun Province, pointed out that illegal...

Thousands of Fish Die After Nam Ou Hydropower Discharge

Authorities at the five Nam Ou River Basin Hydropower project in Phongsaly Province issued a notice this week stating that the release of stored...

Vientiane Petroleum State Enterprise Starts Importing Fuel From China

The first shipments arrived in Laos this week after an MoU was signed between the Vientiane Petroleum State Enterprise, SINOPEC Hong Kong, and SINOLAO...

Luang Prabang Dam Developer Shares Progress With Mekong Countries

The Lao government welcomed a Mekong River Commission delegation last week to showcase the development progress of its third Mekong mainstream hydropower project. While...

Booyoung Group Donates 600 Buses to Improve Public Transportation in Laos

Booyoung Lao Co., Ltd. signed a Memorandum of Understanding (MOU) with the Lao Government on 28 June to provide 600 buses to help improve...

National Assembly Member Proposes Adjusting Lao Workers’ Wages to Current Forex Rates

During the ongoing 5th Ordinary Session of the 9th National Assembly Legislature, Mr. Xayadeth Phouiyavong, a constituent of Savannakhet’s District 13, urged the government...