Economy

Global Financial Bodies Warns of Slower Growth, Higher Inflation for Laos in 2026

Laos' economy is expected to continue expanding this year, even as slower growth and inflation present challenges, according to a global financial institution. In its latest outlook released on 9 July, the Asian Development Bank (ADB) forecast that Laos’ economic growth will ease this year while inflation surges, driven largely...

Railway Expansion, Education Reform Among Key Issues at National Assembly

Expanding the railway to southern Laos, rolling out a new school system, reducing poverty,...

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...

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...

Laos-Vietnam Railway Project to Link Vientiane with Thakhek

The Government of Laos has greenlit a feasibility study for a railway project that would link Vientiane Capital with Thakhek, in Khammouane Province. Lao Economic...

New Bank of Laos Governor: Mismanagement of Foreign Currency Rife

Newly-appointed Governor of the Bank of Laos, Mr. Bounleua Sinxayvoravong, addressed the National Assembly about the challenges and difficulties faced by the nation in...

Laos Government Bonds Selling Fast

The Government of Laos has successfully sold half of the savings bonds it issued earlier this month in just eight days. According to a statement...

Vang Vieng Expressway Pegs Tolls to US Dollar

Tolls on the Vientiane to Vang Vieng Expressway will be pegged to the US dollar from 1 July, according to an announcement by the...

Southeast Asian MPs Urge ASEAN Economic Ministers to Immediately Tackle Food Crisis

As food and fuel prices rise alarmingly around the world, Southeast Asian legislators are pressing their countries' economic ministers to hold an emergency summit...

PM: 700 Million Liters of Fuel Smuggled into Laos Every Year

Over 700 million liters of fuel is smuggled into Laos every year according to Prime Minister Phankham Viphavanh. Vientiane Times reports that the Prime Minister...