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,...

Australian Global Firm AgCo Tech Sets Foot In Luang Prabang With New Factory

Agcotech Global, a prominent producer of animal feed and nutrition solutions, held a grand opening ceremony on 27 April 2023, for their new Methane...

Laos to Raise Minimum Monthly Wage in May

Ahead of International Labor Day, the government has increased the country's minimum wage from LAK 1,200,000 to LAK 1,300,000, during the monthly cabinet meeting...

Bank of Laos to Take Legal Action Against Unauthorized Foreign Currency Trading

The Bank of Lao PDR (BOL) issued a notice on Monday to warn individuals and companies against unlawful foreign currency trade in the country...

United States and Industry Ministry Organize Workshop on World Intellectual Property Day

The U.S. Embassy in Vientiane and the Ministry of Industry and Commerce hosted a workshop on Tuesday to promote protections for creative professionals in...

UNICEF Visits Xieng Khouang to Kick Off 50th Anniversary Celebrations

UNICEF Laos celebrated its 50th anniversary with delegations visiting Xieng Khouang from Thursday to Saturday last week, to see the significant progress made for...

Motorists in Laos Urged to Pay Road Tax by September

The Ministry of Finance has advised residents across the country to pay their road taxes by September this year. The ministry has issued a notice...