Economy

Global Financial Bodies Warns of Slower Growth, Higher Inflation for Laos in 2026

Laos' economy is expected to continue expanding this year, even as slower growth and inflation present challenges, according to a global financial institution. In its latest outlook released on 9 July, the Asian Development Bank (ADB) forecast that Laos’ economic growth will ease this year while inflation surges, driven largely...

Railway Expansion, Education Reform Among Key Issues at National Assembly

Expanding the railway to southern Laos, rolling out a new school system, reducing poverty,...

Laos Collects USD 12 Million in Digital Taxes From Global Tech Companies

Laos has collected approximately USD 12 million in digital taxes from global technology companies...

Laos Agricultural, Forestry Exports Top USD 1 Billion in First Half of 2026

Laos earned more than USD 1 billion from agriculture and forestry exports in the...

Champasak Signs Deal for New 5-MW Solar Power Project

Authorities in Champasak signed a concession agreement on 3 July with a private company...

Japan to Grant USD 3.5 Million in Support of Laos’ 2024 ASEAN Chairmanship

On November 28, a signing ceremony for "the Exchange of Notes for the Economic and Social Development Plan (Support for ASEAN Chairmanship)" was held...

Laos and Vietnam Military Hospitals Sign Contract on Medical Cooperation

The 108 Military Central Hospital in Vietnam will offer training to doctors from the 103 Military Hospital of the Lao People’s Army in 2023...

Bank of the Lao PDR Changes its Logo

Bank of the Lao PDR (BOL) has announced that it would be using a new logo starting this week. A notice issued by the Bank...

Laos National Identity Card System Remains Out of Order

A system error that brought down the national identity card database in Laos has yet to be resolved, leaving residents unable to receive ID...

Tourism Sector Boosts Thailand GDP Growth to 4.5% in Q3

Thailand's revitalized tourism sector has given the country a much-needed economic boost, with gross domestic product (GDP) reaching a 4.5% year-on-year expansion in the...

Laos Cabinet Meeting Tackles Six Issues

The Government of Laos held its monthly cabinet meeting on Monday and Tuesday this week in Vientiane Capital. The meeting discussed solutions to issues...