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...

China’s Economy Grew by Only 3% in 2022

China's gross domestic product (GDP) expanded by only 3% in 2022, one of its lowest annual outcomes in decades. The country's GDP hit 121.0207 yuan...

Laos Gears Up to Welcome Chinese Tourists

The Ministry of Information, Culture, and Tourism hosted a forum on Monday to discuss preparations underway for the arrival of Chinese tourists. The meeting, a...

South Korea Continues to Strengthen Food Security in Laos

Ambassador of the Republic of Korea, Mr. Yung Soo Jung handed over a rice donation to the Minister of Labor and Social Welfare, Madame...

Bank of Laos Shuts Down 113 Currency Exchange Businesses

The Bank of the Lao PDR (BOL) issued a notice on Friday instructing 113 exchange businesses affiliated with commercial banks to suspend their operations....

Vientiane Capital Records 4.83% Economic Growth in 2022

The mayor of Vientiane Capital has reported an annual economic growth of 4.83%, with the gross domestic product of the city crossing LAK 62...

Beerlao Increases Prices for First Time This Year

Lao Brewery Company has issued a notice stating the need to adjust production costs for the first time in 2023. In a notice to consumers,...