Economy

Laos Inflation Rises to 7.8 Percent in September as Education, Utility Costs Climb

Laos’ inflation rate rose to 7.8 percent in September, up from 7.7 percent in August, with education, utility, and some seasonal costs contributing to the increase, according to the Ministry of Finance. The latest increase came as the new school year began, with education costs rising 18.8 percent from a...

African Swine Fever Disrupts Pork Supplies, Beef Prices Rise in Vientiane

The pork shortage is putting pressure on Vientiane’s meat markets as African swine fever...

Corruption Crackdown in Laos’s Attapeu Province Uncovers Millions in Financial Irregularities

Attapeu authorities have detailed five years of corruption investigations and financial irregularities, including a...

Lao Migrant Workers Send Home USD 500 Million in First Seven Months of 2026

Lao migrant workers sent an estimated USD 500.7 million back to Laos during the...

Vietnam Emerges as Laos’ Second-Largest Foreign Investor with USD 8 Billion in Projects

Vietnam has become Laos's second-largest foreign investor, with more than 400 projects worth a...

IMF Sees Laos Return to Steady Growth, Warns of Debt Risk

This year's conversation with Laos saw the IMF focused on how to support steady economic growth in 2023, considering the high public debt that...

Fire Incidents Cost Vientiane Capital LAK 760 Million in Four Months

Vientiane Capital has reported economic damages of about LAK 760 million or over USD 40,000 due to fire-related incidents from January to April. Lieutenant...

BOL, Ministry of Finance Sign MOU to Enhance Cooperation

The Bank of the Lao PDR (BOL) and the Ministry of Finance signed a memorandum of understanding (MOU) on Monday to improve cooperation between...

President of Laos to Attend “Future of Asia” Conference in Japan

President Thongloun Sisoulith will attend the Future of Asia Conference in Tokyo, Japan which is being held under the slogan, "Leveraging Asia’s Power to...

Drinking Water Association Announces Price Hike Due to Economic Hurdles

The Drinking Water Association in Vientiane Capital released a notice on Thursday, announcing an increase in price of the 18 liters bottle of drinking...

Inflation and Debt Weigh Down Laos Economic Recovery, Says World Bank Report

Economic activity in Laos is weighed down by structural challenges, macroeconomic instability, and a deteriorating external environment, according to the World Bank’s latest Lao...