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 Invites Neighboring Countries to the Trade Fair at That Luang Festival

Vientiane authorities have invited businesses from China, Thailand, and Vietnam to participate in the trade fair, taking place between 4-8 November during the That...

Laos Announces Criteria for Honorary Citizenship to Foreign Nationals

The government of Laos has issued the eligibility requirements for honorary citizenship and special privileges to foreign nationals. A recent decree No.14 issued by the...

Vientiane Province Starts Repair Work on Kasy to Vang Vieng Roads

The Department of Public Works and Transport in Vientiane province is currently repairing the roads between Kasy to Vang Veing, and they expect to...

Over a Million Tourists Visit Laos This Year

Laos has seen an increasing number of visitors traveling to the country ever since it removed its travel restrictions in May following the Covid-19...

Lao Central Bank Bans Money Exchangers From Selling Foreign Currencies

The Bank of the Lao PDR (BOL) has put out a notice preventing currency exchange units associated with commercial banks from selling foreign currency. The...

Govt. Green Lights Feasibility Study for Clean Energy Project

The government has recently approved the conducting of a feasibility study on clean energy development in three northern provinces by CGN Energy Technology (Laos)...