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,...

Families in Laos Face New Economic Challenges as Impact of Covid-19 Recedes

While the negative impacts of Covid-19 appear to be receding, households in Laos are facing new economic challenges, according to the World Bank. Results from...

Laos Sees Trade Deficit of USD 133 Million in June

Laos posted a trade deficit of 133 million US dollars in June as the balance of imports and exports trended downward. According to the most...

Motorists Fed up with Broken Traffic Lights in Vientiane Capital

Motorists in Vientiane Capital have reported broken or malfunctioning traffic lights throughout the city's main districts. Some sets of traffic lights in Vientiane Capital have...

Cambodia Launches “My Second Home” Program to Encourage Foreign Investment

Cambodia has launched a program to encourage foreign investment that offers a ten-year visa and other benefits to those who invest in the country. Khmer...

MRC: Maximize Advantages and Minimize Impact of Hydropower Projects

The Mekong River Commission (MRC) has urged the six countries along the Mekong River to maximize the advantages of hydropower projects while minimizing their...

Laos Inflation Reaches 22-year High at 23.6 Percent

Year-on-year inflation in Laos increased to 23.6 percent in June, according to the latest statistics from the Lao Statistics Bureau. Vientiane Times reports that the...