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,...

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...