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Friday, October 31, 2025
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Economy

Lao MSMEs Struggle with Financing, Bureaucracy Despite Economic Growth

Micro, Small, and Medium Enterprises (MSMEs) in Laos face ongoing challenges, including limited access to finance, complex administrative procedures, and poor business documentation, according to Vice President Pany Yathotou. The vice president addressed the issue on 28 October at the 6th Party Congress of the Ministry of Industry and Commerce,...

Laos, Republic of Korea Celebrate 30 Years of Diplomatic Relations with Launch of Lao Digital Park

Laos and the Republic of Korea (ROK) are celebrating 30 years of diplomatic relations...

Attapeu Exceeds 2025 Revenue Budget Target with Strong Economic Growth

Attapeu Province reported a revenue budget of over LAK 1,230 billion (USD 56.7 million)...

Attapeu Approves South Korean Firm for 5-Megawatt Solar Project

Attapeu Province has approved a South Korean firm, SBIN Corporation, to develop a 5-megawatt...

Inflation in Laos Eases to 4 Percent in October

The cost of living in Laos continues to rise, with new data from the...

Phongsavanh Group Backs Smart City Development Project in Vientiane Capital

Phongsavanh Group has invested approximately USD 580 million to construct a Smart City development project in the capital of Laos. The groundbreaking ceremony for constructing...

World Bank Predicts 4.5 Percent Economic Growth for Laos in 2022

The World Bank's latest Global Economic Prospects report suggests Laos will see economic growth of 4.5 percent in 2022 and 4.8 percent in 2023. The...

Laos Ups Stake in Vung Ang Sea Port

The government of Laos now owns a 60 percent share in Vietnam's Vung Ang Port, up from its previous 20 percent stake. A share transfer...

First Tourists Arrive in Laos After Reopening

A Korean school group has become the first group of tourists to arrive in Laos since the country's reopening this year. Vientiane Times reports that...

Laos Bananas Remain Pick of the Bunch for Export to China

Bananas once again tipped the scales as the major agricultural export crop for Laos in 2021. Laos earned over USD 900 million from the export...

Laos’ Agricultural Exports Reach USD 900 Million in 2021

  Laos has earned over USD 900 million from the export of agricultural products in 2021, according to a recent government report. Exports of bananas brought...