Economy

Champasak Signs Deal for New 5-MW Solar Power Project

Authorities in Champasak signed a concession agreement on 3 July with a private company to develop a 5-megawatt (MW) solar power project in Pathoumphone district. The project forms part of Laos' efforts to expand renewable energy, improve electricity supply in rural areas, and strengthen the national power grid. Xaysomboun Chaloensub Road-Bridge...

Myanmar’s Leader Wraps First ASEAN Visit in Laos, Signs Mekong Dam Study

Myanmar's recently elected President, Min Aung Hlaing, who seized power in the 2021 military...

Vietnam, Philippines Reach Upper-Middle-Income Status as Laos Eyes 2035 Target

Vietnam and the Philippines have been reclassified as upper-middle-income economies by the World Bank,...

Former EDL Executives, Senior Officials Get Life in Landmark Laos Corruption Cases

On 1 July, the Vientiane Capital People’s Court announced verdicts in four major corruption...

Vientiane Completes New 9.3-Kilometer Mekong Embankment

On 1 July, Vientiane officially opened a new 9.3-kilometer stretch of Mekong riverfront featuring...

Agricultural Exports via First Lao–Thai Friendship Bridge Top USD 9.7 Million in January

Agricultural exports moving through the First Lao–Thai Friendship Bridge (Nong Khai–Vientiane) exceeded USD 9.7 million in January, according to the Ministry of Agriculture and...

Laos Signs Deal with South Korean Firm for 100 MW Solar Project in Oudomxay

On 11 February, Laos’ state electricity enterprise has signed an agreement with a South Korean private company to explore the development of a 100-megawatt...

January Trade Surplus Marks Sharp Rebound from Year-Earlier Deficit

Laos began 2026 on stronger footing, with exports rising to USD 886.7 million in January, up 36 percent from the same month last year....

Boten Border Checkpoint in Luang Namtha Surpasses Revenue Target

Boten International Checkpoint collected over LAK 3,200 billion (about USD 149 million) in customs revenue in 2025, exceeding its annual target by 18.41 percent,...

Laos’ Economic Recovery Gains Momentum, but Labor Shortages Persist

Recent data show that Laos’ economy is beginning to recover. International institutions report GDP growth of 4.2 percent, driven largely by mining and electricity...

Laos–North Korea Friendship Marked at Kim Jong Il Anniversary Event in Oudomxay

Officials in Oudomxay Province marked the 84th birth anniversary of Kim Jong Il on 9 February, highlighting longstanding ties between Laos and North Korea. The...