Economy

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 (ASF) spreads across Laos and authorities restrict the movement of pigs and pork. State media have confirmed outbreaks in two districts and three villages in Vientiane Capital, including Sangthong district, where 115 pigs died across two...

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...

Laos, China Launch Digital Payment Link For Cross-Border Transactions

Laos and China have launched a new digital payment link that allows Chinese visitors...

Laos, Thailand Discuss Reopening of Four Borders Checkpoints

Deputy Governor of Vientiane Capital, Mr. Phounkhong Bannavong met with the Thai Permanent Secretary for Commerce, Mr. Keerati Rushchano on his visit to Laos...

Bank of the Lao PDR Suspends Loans for Cryptocurrency Businesses

The central bank of Laos has issued a notice suspending loans to cryptocurrency business  from January this year. The notice issued by the Bank of the...

Laos Reports Inflation Rate of 40.30 Percent in January

The country's inflation rate increased by 1.03% from December 2022, according to the Lao Statistics Bureau (LSB). The main factors contributing to the surge was...

Laos, Cambodia, Vietnam & Myanmar Economies to Get Stronger in 2023

The Siam Commercial Bank's Economic Intelligence Center has predicted that these countries will see a momentum in economic growth this year, but it will be...

Lao Friends Hospital for Children Celebrates Eight Years

The Lao Friends Hospital for Children (LFHC) in Luang Prabang celebrated its 8th anniversary on January 27, 2023. The hospital held a ceremony to celebrate...

Laos Hesitant to Raise Minimum Wage

The Lao government remains unable to raise the minimum wage, despite rampant inflation the country faced in 2022. The current minimum wage in Laos is...