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,...

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...