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,...

Government Expresses Concern Over Rapid Urban Development

The government has utilized international funding of around USD 300 million to support systematic urban planning and development for the last 15 years. Minister of...

Laos Collaborates with South Korea to Produce Biofuel

The Lao government is keen on starting such a venture to reduce its dependency on imported fuels. Laos has embarked on a 12-year biofuel production...

Laos’ Agricultural Produce Generates USD 522 Million Revenue in First Half of 2022

Laos exported three main agricultural products worth USD 522 million until June 2022. A report from the Lao Trade Portal states that agricultural...

A New Station Added to Laos-China Railway Freight Operations

All seven freight stations by Laos-China Railway are now operational after the official opening of the final freight station in Xay District, Oudomxay Province...

UNFPA Provides Dignity Kits to Lao Youth Union For Emergency Response

Last week, the United Nations Population Fund (UNFPA) handed over 486 sets of Dignity kits to the Lao Youth Union to prepare them for...

Laos-Thailand Trade Crosses USD 5 Billion for First Eight Months of 2022

Until August 2022, bilateral trade between Laos and Thailand generated more than USD 5.3 billion. In comparison to the same period in 2021, bilateral trade...