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,...

Bank of Laos Vows to Resolve Foreign Exchange Problems

The Bank of the Lao PDR held a press conference today to announce solutions it has proposed for the ongoing foreign currency problem faced...

Public Left to Speculate as Fuel Shortages Continue in Laos

Despite continued fuel shortages that have been described as a crisis for Laos, little guidance has been provided to the public as gaps in...

Myanmar Central Bank Bans Payments in Foreign Currency

The Central Bank of Myanmar (CBM) on Wednesday banned foreign currency for local payments to stabilize the foreign exchange rate in the country. The bank...

Laos-China Railway to Link with Thanaleng Dry Port 

Authorities have begun preparations to link the Laos-China Railway to the Thanaleng Dry Port to better facilitate freight transportation. While goods are currently transported by...

US President Biden Forms Economic Bloc for Indo-Pacific

US President Joe Biden has formed an economic framework with 12 Indo-Pacific nations officially named the Indo-Pacific Economic Framework. Five years after his predecessor pulled...

New Cryptocurrency Mining Operation Opens in Laos 

Laos has officially launched a cryptocurrency mining operation in Bachiang Chaleunsouk District, Champasack Province. A ceremony to launch the project was held by Lao...