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,...

Laos Sees a Trade Deficit of USD 230 Million in October

Laos recorded a trade deficit of USD 230 million in October, according to the latest information from the Lao Trade Portal. The trade deficit has...

National Assembly Debates Social Security Card Use

A National Assembly constituent has proposed that the country's social security scheme allow members receive treatment at any hospital in the country, rather than...

Bank of Laos Launches New 50,000, 100,000 Kip Banknotes

Bank of the Lao PDR announced today that it is to begin issuing new versions of the LAK 50,000 and LAK 100,000 notes. Bank of Lao PDR...

Lao Scholars Ready for Study Success in Australia

Yesterday Australia’s Ambassador to Laos, Mr. Paul Kelly, and the Deputy Minister for Education and Sports, Dr. Sisouk Vongvichit, farewelled 32 Lao Australia Awards...

Ministry of Finance to Modernize Administrative System, Prevent Corruption

The Minister of Finance announced during a recent National Assembly session that the ministry's administration system must go digital in order to combat corruption. Mr....

Thailand to Overtake Vietnam as World’s No 2 Rice Exporter

Thailand is on track to overtake Vietnam as the world's second-largest rice exporter, according to Thai Rice Exporters Association (TREA). India is the current top...