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,...

Laos Behind Other ASEAN Nations in Digital Maturity

Laos ranks ninth out of the ten ASEAN countries in terms of digital access, affordability, and quality of internet services, according to a new...

Fitch Downgrades Laos’ Long-Term Foreign-Currency IDR to ‘CCC-‘

American credit rating agency Fitch Ratings has downgraded Laos' status as it believes the country is now more vulnerable to default on financial obligations. Fitch...

Laos-China Railway Admits Poor Management

The Director-General of the Laos-China Railway made a statement yesterday admitting the railway system's inefficient management. Mr. Daochinda Sihalath, Director-General of the Laos-China Railway, acknowledged...

Prices Still High in Laos Despite Drop In Foreign Currency Values

Despite a drop in the value of key foreign currencies, food and imported goods prices still remain high. Foreign currency values, particularly the US dollar...

Sithandone SEZ Unveils New Development Projects

The Sithandon special economic zone has began the construction of two major development projects in Four Thousand Islands.  The project plans were finalized on 25...

Laos Sees Renewed Fuel Shortages as Pumps Shut Down in Vientiane Capital

Social media users across Vientiane Capital began reporting closed petrol stations today as Laos looks to be headed back into fuel shortages. Many have begun...