Economy

African Swine Fever Disrupts Pork Supplies, Beef Prices Rise in Vientiane

The pork shortage is putting pressure on Vientiane’s meat markets as African swine fever (ASF) spreads across Laos and authorities restrict the movement of pigs and pork. State media have confirmed outbreaks in two districts and three villages in Vientiane Capital, including Sangthong district, where 115 pigs died across two...

Corruption Crackdown in Laos’s Attapeu Province Uncovers Millions in Financial Irregularities

Attapeu authorities have detailed five years of corruption investigations and financial irregularities, including a...

Lao Migrant Workers Send Home USD 500 Million in First Seven Months of 2026

Lao migrant workers sent an estimated USD 500.7 million back to Laos during the...

Vietnam Emerges as Laos’ Second-Largest Foreign Investor with USD 8 Billion in Projects

Vietnam has become Laos's second-largest foreign investor, with more than 400 projects worth a...

Laos, China Launch Digital Payment Link For Cross-Border Transactions

Laos and China have launched a new digital payment link that allows Chinese visitors...

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)...

Lao Start Up Fest to be Hosted in December

The 3rd edition of Lao Startup Fest 2022 will be held between 16-18 December, with the aim of improving the development of micro-, small-...

Laos-China Railway to Develop Cross-Border Transportation to China

Laos-China Railway plans to improve the transportation of goods by railway across the border and create opportunities for companies to export their products. Mr....

IMF Predicts Lao Economy to Grow Only 2.2 Percent This Year

According to The International Monetary Fund (IMF), Laos is estimated to grow only 2.2 percent this year, the growth rate will increase to 3.1...