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 Sells, Dissolves, and Reforms State Enterprises

Laos has begun selling shares in its state enterprises to local investors as part of reforms expected to unburden the state amid economic woes. A...

Bank of Laos Limits Daily Foreign Exchange Transactions

The Bank of the Lao PDR (BOL) has announced that commercial banks and currency exchange providers will be subject to new limits on the...

Laos Finance Minister Says Public Debt ‘Still Manageable’

Laos' Finance Minister Bounchom Oubonpaseuth has assured National Assembly members that public debt is still manageable, despite the total amount remaining considerable. Vientiane Times reports...

ASEAN+3 Publishes Regional Economic Outlook for 2022 

Risks abound, but growth is expected to normalize in the region as COVID recedes. On 12 April, the ASEAN+3 Macroeconomic Research Office (AMRO) published its...

Ministry of Foreign Affairs to Streamline Passport Applications

The Ministry of Foreign Affairs (MOFA) plans to process more passport applications to reduce the long queue of people waiting to travel abroad. The Consular...

Laos Finance Minister Guarantees Three-month Fuel Supply

Lao Minister of Finance, Mr. Bounchom Oubonpaseuth, has guaranteed fuel supplies will be sufficient for motorists across Laos for the next three months. He made...