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,...

Thai Government Takes Steps to Legalize Undocumented Lao Workers

The Thai government has announced that it will provide work permits and visas to Lao nationals so that they can remain in the country...

Mekong Tourism Forum Concludes with Great Hope for the Future

The Mekong Tourism Forum 2022 (MTF) was held this week on 12-13 October to highlight the profile of the Greater Mekong Sub-region (GMS) as...

Five Ways Laos Could Revive its Economy (By an Economist)

Given the soaring inflation rate and economic crisis in the country, Phil Allan, a Macroeconomic Policy Analyst, opines on what reforms could transform the...

Laos Records a Trade Deficit of USD 233 Million in September

Laos recorded a trade deficit of USD 233 Million in September, according to the latest information from the Lao trade portal. The trade deficit...

Over 100 Gas Stations in Ho Chi Minh City Run out of Fuel

Vehicles were seen queuing for hours outside gas stations in Ho Chi Minh City in Vietnam as 121 petrol stations, i.e. 20 percent of...

Laos, Thailand Meet to Discuss Railway Project Connecting Vientiane and Nong Khai

Officials from Laos and Thailand met last week in Vientiane Capital to discuss the Laos-Thailand railway project, which is expected to commence operation in...