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,...

Govt. to Compensate Those Affected by Construction of Laos-China Railway

The Lao government has vowed to address the environmental and social impacts associated with the Laos-China Railway project by the end of this year.  The...

Agriculture Exports Yield USD 1.2 Billion in Revenue

Export of agricultural products, including USD 54 million worth of livestock, proved to be quite viable for the economy this year, earning the government...

Over 1,000 State Departments Dissolved to Deliver Good Governance in Laos

Over the last few years, 1,146 state departments and units at various levels were disbanded to streamline the structure of state organizations and provide...

16 Days of Activism 2022 Wraps up with Great Success

The German Embassy, Vientiane, and UNFPA spearheaded an advocacy event last week to wrap up the 16 Days of Activism Against Gender-Based Violence (GBV). The...

Contrary to Experts, Govt. Predicts an Economic Growth of 4.4 Percent in 2022

This would surpass the target of at least 4 percent set in the national agenda, said government representatives in the National Assembly.  This estimated figure...

Govt. to Stop Accepting New Iron Ore Extraction Projects

Due to the dip in prices worldwide, the government won't be signing off on new proposals for the survey, extraction, and export of iron...