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Sunday, April 6, 2025
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Economy

Bank of Laos Reduces Transfer Fees on Foreign Currency Deposit Accounts

On 3 April, the Bank of Laos (BOL) made a new announcement, mandating that transfers between foreign currency deposit account holders will incur a fee of 0.3 percent, with charges ranging from USD 1 to USD 30 per transaction. This new regulation is set to become effective on 5...

Social Media Users Question Government Report Claiming Poverty Eradication in Vientiane

A recent government report claiming that 99.43 percent of families in Vientiane Capital have...

Laos Sets Ambitious Targets for Energy, Mining Sector

Lao Prime Minister Sonexay Siphandone has outlined a vision for the energy and mining...

Vientiane to Get Real-Time Bus Tracking with ViaBus

The Lao government is teaming up with Thailand to introduce ViaBus, a real-time bus...

Lao Business Forum Highlights Progress, Challenges, Path Forward for Private Sector Development

At the 16th Lao Business Forum, held at the Don Chan Palace in Vientiane...

Fuel Prices Rise Again and May Rise Further

The retail price of fuel has just risen again as of Saturday (May 26). According to a statement signed by the Minister of Industry and Commerce, petrol companies and gas stations across...

Government Declares One-Dish Menu Items to Be Priced No More Than 15,000 Kip

The Ministry of Industry and Commerce has just announced that it will be implementing a new price control policy, in Vientiane Capital, on the following popular...

Rising Fuel Prices Cause Inflation

The rising price of fuel has been identified as the culprit behind inflation in Laos, causing the government to take steps to address this economic risk. According to the latest report...

World Bank Supports Laos’ Agricultural Sector

The US$25 million Lao PDR Agriculture Competitiveness Project aims to help over 140,000 people by making the planting of rice, maize, and vegetables more productive and...

NERI: Lao Economy Needs Diversification

An economic update released last month by the National Economic Research Institute (NERI), a government body led by former Prime Minister Bouasone Bouphavanh, stated that the...

Dao Heuang Coffee to Penetrate Chinese Market

The Dao Heuang Group, one of the biggest producers of coffee in Laos, is expanding its overseas sales network to China, where coffee consumption...