Economy

Laos Collects USD 12 Million in Digital Taxes From Global Tech Companies

Laos has collected approximately USD 12 million in digital taxes from global technology companies since introducing its digital tax system in late 2024, according to Deputy Prime Minister and Minister of Finance Santiphab Phomvihane. The tax applies to foreign digital service providers without a physical presence in Laos, including Microsoft,...

Laos Agricultural, Forestry Exports Top USD 1 Billion in First Half of 2026

Laos earned more than USD 1 billion from agriculture and forestry exports in the...

Champasak Signs Deal for New 5-MW Solar Power Project

Authorities in Champasak signed a concession agreement on 3 July with a private company...

Myanmar’s Leader Wraps First ASEAN Visit in Laos, Signs Mekong Dam Study

Myanmar's recently elected President, Min Aung Hlaing, who seized power in the 2021 military...

Vietnam, Philippines Reach Upper-Middle-Income Status as Laos Eyes 2035 Target

Vietnam and the Philippines have been reclassified as upper-middle-income economies by the World Bank,...

Hungary Advances Wastewater Project in Vientiane, Extends Scholarships for Laos

Hungary has moved forward with key development support for Laos, reviewing progress on a major wastewater treatment project in Vientiane and confirming continued scholarship...

Vietnam Gives Foreign Investors Easier Access to Stock Market

AFP - Vietnam has moved to allow foreign investors to buy shares of local companies through international brokerages, the finance ministry has announced, removing...

Russia-Funded Rehabilitation of Mittaphab Hospital Reaches 53 Percent Completion

The rehabilitation of  Mittaphab Hospital, also commonly known as a 150-bed hospital in Vientiane, has reached 53 percent completion, according to recent project updates. The...

Laos Records 4.8 Percent Growth in 2025, Sets Higher Economic Targets for 2026

Laos recorded economic growth of 4.8 percent in 2025, signalling a steady recovery across major sectors, according to the Lao Statistics Bureau.  Services, manufacturing, and...

Laos Sends First Banana Shipment to China as Rail Cargo Volumes Continue to Rise

Laos has completed its first banana export to Chongqing, China using sealed rail-to-rail transport, as part of efforts to expand agricultural exports through the...

Early Work Begins on Road Linking Bolikhamxay, Xaysomboun

Authorities have inspected early construction work on the Road 13 South–Road 5A project, as groundwork advances on the first unpaved section linking Bolikhamxay and...