Economy

Oudomxay Seeks More Railway Services to Boost Investment

Authorities in Oudomxay Province, northern Laos, have announced plans to expand railway services and free up land for investment around the region's three Laos-China Railway stations. The provincial government said on 3 August that it would set aside more than 300 hectares around Xay, Namor and Nga stations for commercial,...

Vientiane Halts New Microfinance, Pawnshop Licenses Amid Regulatory Review

On 31 July, the Bank of the Lao PDR (BoL) suspended applications for new...

Lao State Fuel Enterprise Posts 70 Percent Profit Surge in 2025, Eyes Stock Market Listing

The Lao state-owned Lao State Fuel Company (LSFC) reported a sharp rise in profits...

Naphao Customs Exceeds Annual Target on Mining Debt Repayments, Trade Growth

Naphao International Border Checkpoint in Khammouane Province collected more than LAK 669.5 billion (USD...

Laos Inflation Edges Up in July, Electricity Prices Surge 91.5% Year-on-Year

Electricity prices jumped 91.5 percent in July compared to the same month last year,...

Expressway Toll Prices Go Up With Changing LAK/USD Exchange Rate

The toll tax on Vientiane-Vangvieng expressway was hiked to keep up with the value of kip reducing against the US dollar. The Laos-China Expressway Development...

Laos Sees 3 Percent Growth in Agriculture Sector in 2022

Laos recorded a 3 percent growth in the agriculture, fisheries, forestry, and rural development sector in 2022, in line with the Ministry of Agriculture...

Lao Government Increases Living Allowances for Civil Servants

The Prime Minister's Office has recently announced the increase in living allowances for civil servants across the country. A notice issued by the office...

Bank of the Lao PDR to Issue Bonds Worth LAK 1 Trillion

The Bank of the Lao PDR has announced that LAK 1 trillion in special bonds* will be available for people in Laos to purchase...

Is Laos Ready to Welcome Tourists from China?

With Laos trending as a travel destination over the past several months and China reopening its borders on Sunday, is the country prepared for...

Inflation in Laos Soars to its Highest Rate at 39.27 Percent in December

Inflation in Laos skyrocketed to 39.27% in December 2022, the highest rate of the year, according to the Lao Statistics Bureau (LSB). In December 2022,...