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Friday, May 23, 2025
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Economy

Vientiane Discusses Restoration Plan of Historic Black Stupa

The iconic That Dam, or Black Stupa, one of Vientiane’s most culturally significant landmarks, is set to undergo a major restoration as part of a new preservation initiative led by the Lao government. Authorities from Chanthabouly district convened on 14 May to assess the feasibility of restoring the ancient stupa,...

Laos Nears Launch Southeast Asia’s Largest Wind Farm

Laos is set to launch its first wind farm, and the largest in Southeast...

Bolikhamxay Inmates to Get Job Training Through China-Laos Deal

The Bolikhamxay Provincial Public Security Headquarters has entered into a 25-year agreement with a...

Thailand Falls Behind in Sustainable Tourism as Laos Wins Global Praise

Thailand is falling behind in the race for sustainable tourism, industry leaders warned at...

Luang Prabang Pushes for Green Destination Certification to Boost Sustainable Tourism

Luang Prabang is taking steps to further enhance its tourism sector by exploring the...

Laos to Clear 10,000 Hectares of UXO in 2020

The Lao National Regulatory Authority (NRA) for the UXO and mine clearance sector has set a target this week to clear and destroy unexploded...

Laos to Experience Electricity Shortage During Hot Season

Electricity generation will not be sufficient to supply all areas in Laos during times of peak consumption from March to June, according to authorities,...

Laos Suffers Trade Deficit of USD 137m in 2019

Laos recorded a trade deficit of USD 137 million in 2019, although the country exported more than its yearly plan. The value of exports last...

Laos Sees 145% Energy Export Growth between 2016-2020

Laos has increased its electricity exports by 145 percent over the past five years amid a growing number of hydropower plants. The country expanded electricity...

World Bank Classifies Laos as Lower-Middle-Income Economy for 2020

The World Bank has classified Laos as a lower-middle-income economy in its latest classification for the 2020 fiscal year. The bank classifies the world’s economies...

Moody’s Assigns First-time Issuer Rating of B3 to Laos

American credit rating agency Moody’s has assigned a B3 rating with a positive outlook to the government of Laos, citing the country’s high economic...