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,...

Khamsavath Station in Vientiane Capital Ready to Operate Soon

Officials from Thailand's railway department visited the Khamsavath Railway Station site in Vientiane Capital last month to monitor progress prior to opening. The new railway...

Bilateral Trade Between Laos and Vietnam up 20.6% This Year

Bilateral trade between Vietnam and Laos climbed 20.6% year-on-year to USD 824 million in the first half of 2022, with fuels making up a...

Laos Government to Resolve Debt, Fuel, Currency Crises

The Government of Laos has pledged to stave off debt default by managing exchange rates and reigning in state enterprises. The commitment to stabilizing the...

ADB: China’s Slowing Growth Impacts Developing Asia’s Prospects

The Asian Development Bank (ADB) has lowered its economic growth prediction for developing Asia - including Laos - to 4.6% this year, down from...

UN: Laos Expected to Reach 8 Million People by 2030

A provincial celebration of World Population Day:  “Towards demographic resilience: supporting individuals’ rights and choices”, was held by the Ministry of Planning and Investment...

Laos Energy Ministry Places Dams on Notice Amid Wet Season Storage

The Ministry of Energy and Mines has placed hydropower projects on notice across the country, telling them to ensure emergency plans are in place...