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,...

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...

Laos to Get Support From Vietnam Post in Digital Transformation

Lao Post Cooperation will receive assistance from its Vietnam counterpart in digital transformation and the use of digital platforms in postal services, the General...

Bank of the Lao PDR Issues New Banknotes for Circulation

Bank of the Lao PDR (BOL) has announced the release of two new banknotes to increase the quality of currency being printed and prevent...

United States and Laos Hold 10th Comprehensive Bilateral Dialogue

The United States and Laos held their 10th Comprehensive Bilateral Dialogue on October 14, in Vientiane, where the two sides discussed their continued cooperation...

Champasack to Develop Areas Around Two Waterfalls for Tourism

Khon Phapheng and Somphamit or Li Phi falls will be developed with an estimated construction value of USD 500,000. Deputy Prime Minister and Minister...