Economy

Global Financial Bodies Warns of Slower Growth, Higher Inflation for Laos in 2026

Laos' economy is expected to continue expanding this year, even as slower growth and inflation present challenges, according to a global financial institution. In its latest outlook released on 9 July, the Asian Development Bank (ADB) forecast that Laos’ economic growth will ease this year while inflation surges, driven largely...

Railway Expansion, Education Reform Among Key Issues at National Assembly

Expanding the railway to southern Laos, rolling out a new school system, reducing poverty,...

Laos Collects USD 12 Million in Digital Taxes From Global Tech Companies

Laos has collected approximately USD 12 million in digital taxes from global technology companies...

Laos Agricultural, Forestry Exports Top USD 1 Billion in First Half of 2026

Laos earned more than USD 1 billion from agriculture and forestry exports in the...

Champasak Signs Deal for New 5-MW Solar Power Project

Authorities in Champasak signed a concession agreement on 3 July with a private company...

Fifth Lao-Thai Friendship Bridge Completes 50% Construction

The 5th Lao-Thai Friendship between Bolikhamxay and Buangkan finished over half of its construction in August. Mr. Laithong Phommavong, the head of the fifth...

Laos Government Allows Foreign Legal Businesses to Survey Land

The Ministry of Natural Resources and Environment has issued a Decision allowing foreign land businesses to provide land survey and land evaluation services. A recent...

Oudomxay Estimates Over LAK 60 billion to Repair Roads

Department of Public Works and Transport in Oudomxay Province has estimated that more than LAK 60 billion will be required to rebuild roads damaged...

Laos Inflation Rate Hits an All-Time High of 30 Percent

Year-on-year inflation in Laos increased to 30 percent in August, according to the latest numbers from the Lao Statistics Bureau. The inflation rate for August...

Khammouane Expects to Repay LAK 478 Billion Debt in 10 Years

Authorities in Khammouane province are planning to repay debts of over LAK 478 billion from 53 development projects, over the next 10 years. Vientiane...

Top Credit Rating Agency Plans to Withdraw its Rating for Laos

Fitch recently announced that it plans on withdrawing its rating for Laos by the end of September.  No further clarification was offered by the American...