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,...

Agriculture Exports Yield USD 1.2 Billion in Revenue

Export of agricultural products, including USD 54 million worth of livestock, proved to be quite viable for the economy this year, earning the government...

Over 1,000 State Departments Dissolved to Deliver Good Governance in Laos

Over the last few years, 1,146 state departments and units at various levels were disbanded to streamline the structure of state organizations and provide...

16 Days of Activism 2022 Wraps up with Great Success

The German Embassy, Vientiane, and UNFPA spearheaded an advocacy event last week to wrap up the 16 Days of Activism Against Gender-Based Violence (GBV). The...

Contrary to Experts, Govt. Predicts an Economic Growth of 4.4 Percent in 2022

This would surpass the target of at least 4 percent set in the national agenda, said government representatives in the National Assembly.  This estimated figure...

Govt. to Stop Accepting New Iron Ore Extraction Projects

Due to the dip in prices worldwide, the government won't be signing off on new proposals for the survey, extraction, and export of iron...

Laos Labor Ministry Reports Employment Rate of Over 97 Percent

The Minister of Labor and Social Welfare provided information on the labor market in the recent National Assembly session on Friday, revealing that 2.4...