Economy

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 since introducing its digital tax system in late 2024, according to Deputy Prime Minister and Minister of Finance Santiphab Phomvihane. The tax applies to foreign digital service providers without a physical presence in Laos, including Microsoft,...

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...

Myanmar’s Leader Wraps First ASEAN Visit in Laos, Signs Mekong Dam Study

Myanmar's recently elected President, Min Aung Hlaing, who seized power in the 2021 military...

Vietnam, Philippines Reach Upper-Middle-Income Status as Laos Eyes 2035 Target

Vietnam and the Philippines have been reclassified as upper-middle-income economies by the World Bank,...

Laos Breaks Ground on 230 kV Transmission Line Project in Northern Laos

Laos launched construction of a new 230-kilovolt (kV) transmission line on 30 January in northern Laos, connecting Luang Prabang and Xieng Khouang provinces. The 186-kilometer...

Laos Targets Upper-Middle-Income Status by 2035 Through Growth and Fiscal Reform

The Lao government has reaffirmed its long-term development ambitions, linking sustained economic growth and tighter fiscal management to a goal of reaching upper-middle-income status...

Asian Development Bank Urges Faster Infrastructure Delivery as Vientiane’s Bus Rapid Transit System Stalls

The Asian Development Bank (ADB) has called on Laos to speed up the implementation of major infrastructure projects, as delays continue to affect high-profile...

Vientiane Tourism Exceeds 2025 Targets, Generating Over USD 621 Million

Vientiane welcomed more than 2.2 million visitors in 2025, exceeding its annual tourism target and generating over USD 621 million in revenue, Lao authorities...

Laos Inflation Eases to 5.1 Percent in January 2026 as Utility Costs Drive Price Pressures

Laos recorded an inflation rate of 5.1 percent in January 2026, down from 5.6 percent in December 2025, as the country continues to grapple...

Laos, Vietnam Agree to Deepen Cooperation Across Seven Key Sectors

Laos and Vietnam have agreed to strengthen cooperation across seven key sectors, reaffirming their commitment to deepen political trust and expand practical collaboration following...