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,...

US Embassy, Lao Govt Celebrate Three Decades of Law Enforcement and Justice Sector Cooperation

Members of the Lao government, US Embassy Vientiane, and international organizations gathered at the Lao Plaza Hotel last month to celebrate the long history...

Laos to Provide Over 300,000 Employment Opportunities Next Year

The Ministry of Labor and Social Welfare expects to provide training and employment for more than 300,000 workers nationwide. Vientiane Times reports that Ms....

BOL Shares New Credit Policy to Stimulate Lao Economy

The Bank of Lao PDR convened a meeting at the Prime Minister's Office on Tuesday to discuss implementing a new credit policy aimed at...

Explainer: Amended Lao Law on Foreign Currency Management

Over the past two years, Laos has experienced a sharp depreciation of its local currency, the LAK, against foreign currencies. The government has taken...

Lao Govt Keen on Promoting Digital Transformation Via Blockchain Technology

The government of Laos has expressed its support for developing the country's digital technology to advance its economy and society. Prime Minister Sonexay Siphandone spoke...

Volatile Baht Predicted in 2023 Amidst Political and Financial Uncertainties

A new financial outlook released on Tuesday said that the Baht has become increasingly volatile, which has also affected foreign investment in Thailand. A...