Economy

Lao Scholar Draws on History to Explore What Makes a Country ‘Great’

In many Lao communities, temples are among the cleanest places around. People sweep the grounds, tend to the gardens, and take care of the buildings. There is a shared understanding that these places are sacred, belong to everyone, and that caring for them is a collective responsibility. But why doesn't...

Laos’s Credit Rating Upgraded After Bond Sale, Hong Kong Tax Pact

Laos has received a credit rating upgrade after issuing a USD 500 million international...

Laos Eyes 500MW Renewable Electricity Export to Singapore

Laos is eyeing a major expansion of its clean energy exports following a proposed...

Laos Orders Local Trade Offices to Stop Restricting Business Competition

The Ministry of Industry and Commerce has ordered trade offices nationwide to stop imposing...

Laos Inflation Eases to 7.7 Percent as Electricity Costs Remain High

Laos’ inflation edged down to 7.7 percent in October from 7.8 percent in September,...

Remittances an Important Source of Income for Laos Economy

Remittances have been increasingly recognized as an important source of income in Laos, particularly this year, as the country faces increased challenges from high...

Lao PM Participates in the First EU-ASEAN Commemorative Summit

The Prime Minister of Laos attended the summit to celebrate the 45th anniversary of ASEAN-European Union (ASEAN-EU) relations on Wednesday in Brussels, Belgium, under...

Most Children in Vientiane Want to Become Doctors or Nurses

According to a recent survey, most children in the country's capital city aspire to be doctors or nurses when they grow up. A survey conducted...

ADB Lowers GDP Growth for Asia in Latest Forecast

A worsening global condition and the prolonged Ukraine war are two of the most important factors for this recent economic prediction. In September, the...

Laos’ Electricity Exports Increase by 7.5% in 2022

At the same time, the amount of electricity imported by the country also decreased by 72.7 percent. The country earned USD 1,769 million by exporting...

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...