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...

Champasack to Develop Areas Around Two Waterfalls for Tourism

Khon Phapheng and Somphamit or Li Phi falls will be developed with an estimated construction value of USD 500,000. Deputy Prime Minister and Minister...

Thai Government Takes Steps to Legalize Undocumented Lao Workers

The Thai government has announced that it will provide work permits and visas to Lao nationals so that they can remain in the country...

Mekong Tourism Forum Concludes with Great Hope for the Future

The Mekong Tourism Forum 2022 (MTF) was held this week on 12-13 October to highlight the profile of the Greater Mekong Sub-region (GMS) as...

Five Ways Laos Could Revive its Economy (By an Economist)

Given the soaring inflation rate and economic crisis in the country, Phil Allan, a Macroeconomic Policy Analyst, opines on what reforms could transform the...

Laos Records a Trade Deficit of USD 233 Million in September

Laos recorded a trade deficit of USD 233 Million in September, according to the latest information from the Lao trade portal. The trade deficit...

Over 100 Gas Stations in Ho Chi Minh City Run out of Fuel

Vehicles were seen queuing for hours outside gas stations in Ho Chi Minh City in Vietnam as 121 petrol stations, i.e. 20 percent of...