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,...

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...