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,...

Laos and Russia Consider Launching Direct Flights to Promote Tourism

Laos and Russia are in talks about launching direct flights, hoping to bolster tourism between the two countries. On 27 October, Deputy Minister of Information,...

Laos Celebrates International Day Of The Girl Child

On the 10th anniversary of the International Day of the Girl Child (IDGC), the Lao Women's Union and the United Nations Population Fund (UNFPA),...

Prudence Foundation, ChildFund Sign MOU to Improve Laos’ Financial Literacy

Prudence Foundation, the community investment arm of Prudential plc in Asia and Africa with ChildFund in Laos on Wednesday signed a Memorandum of Understanding...

Rising Currency Exchange Rates Adversely Impact Vehicle Owners

As the value of Kip depreciates against foreign currencies, especially the US dollar, residents are finding it increasingly difficult to repay the installments on...

Laos Touted as One of the Best Places to Visit in 2023

Curated by the well-known travel magazine, Wanderlust, famous tourist spots in Laos have made it on the list of best places to visit in...

Party Central Committee Promises to Fix Inflation in Laos

The Central Committee of the Lao People’s Revolutionary Party has pledged to get a grip on the rising inflation and other economic difficulties the...