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,...

Laos Sees an Increase in Electric Vehicle Imports Across the Country

The country reported an increase in the importation of electric vehicles last year, following multiple hikes in fuel prices. Mr. Thongphat Inthavong, Deputy Minister...

Samsung Provides Study Materials for Schools in Laos

Samsung Electronics Company donated computers for schools in Houaphanh province and other provinces at the Ministry of Foreign Affairs office on Friday last...

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...