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 Rethinks Savannakhet to Lao Bao Railway Project

The Lao government has consented to a feasibility study for the construction of a 220 km railway route from Savannakhet province to Lao Bao,...

Laos National Identity Card System Down Due to Database Error

A system error has brought down the national identity card database in Laos, leaving residents unable to receive ID cards. The Department of Census Management...

Vientiane Capital to See No Poor Districts This Year, Says Official

The capital is expected to be officially recognized as a poverty-free city by the end of this year. Mr. Anouphab Tounalom, Secretary of the Party...

Laos-China Railway Revises its Parking Fees at Vientiane Station

After a public uproar regarding the charges levied on vehicles when picking or dropping off passengers, Boten Frontier Services Limited has decided to waive...

Laos to Invest Over USD 2 Billion in Wind Power Project

The Lao government and relevant energy companies are expected to shell out over USD 2 billion for the construction of a wind power project...

Laos to Allow Yuan for Cross-border Transactions

Bank of Laos and the People's Bank of China have signed a memorandum of understanding regarding future payments in Yuan. Bank of Laos has issued...