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,...

LOCA launches LOCA PAY Enabling QR Code payment via Credit Card

Loca launched a new product "Loca Pay" on 16 December 2022, with a new goal to be a convenient and safe digital payment intermediary...

Remittances an Important Source of Income for Laos Economy

Remittances have been increasingly recognized as an important source of income in Laos, particularly this year, as the country faces increased challenges from high...

Lao PM Participates in the First EU-ASEAN Commemorative Summit

The Prime Minister of Laos attended the summit to celebrate the 45th anniversary of ASEAN-European Union (ASEAN-EU) relations on Wednesday in Brussels, Belgium, under...

Most Children in Vientiane Want to Become Doctors or Nurses

According to a recent survey, most children in the country's capital city aspire to be doctors or nurses when they grow up. A survey conducted...

ADB Lowers GDP Growth for Asia in Latest Forecast

A worsening global condition and the prolonged Ukraine war are two of the most important factors for this recent economic prediction. In September, the...

Laos’ Electricity Exports Increase by 7.5% in 2022

At the same time, the amount of electricity imported by the country also decreased by 72.7 percent. The country earned USD 1,769 million by exporting...