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Vientiane
Thursday, February 6, 2025
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Economy

Inflation Rate Eases to 15.5% in January

Laos' inflation rate eased to 15.5 percent in January, compared to 16.9 percent in December 2024, according to a report by the Lao Statistics Bureau.  The decline in inflation rate is attributed to several factors, including a stable supply of agricultural products and improved exchange rate stability, which has encouraged...

Laos to Introduce New Rules to Strengthen Lao Kip, Reduce Reliance on Foreign Currency

In an effort to stabilize the national economy and reduce reliance on foreign currencies,...

Lao Government Calls for Boost in Agricultural Production in 2025

Prime Minister Sonexay Siphandone has called on the agriculture and forestry sectors to enhance...

Traditionally-crafted Bamboo Brooms Earn National Recognition

Broom-making is more than just a craft in Bokeo’s Kang village, it’s a long...

Vientiane Launches Sustainable Tourism Initiative with Innovative Technology for Growth

The Lao government has announced plans to boost tourism in Vientiane Capital with the...

Skilled Labour Needed for Development Zones

A large quality of skilled labour remains in high demand for development zones across the country, especially the Saysettha Development Zone in Vientiane, according...

Central Bank Permits Importers to Borrow in Foreign Currency

The Bank of the Lao PDR has permitted commercial banks to release loans in foreign currency to importers, including those who currently have no...

China Funds Poverty Reduction in Laos

The Chinese government has agreed to provide grant funding of over 34 billion kip (over 33 million Yuan) to address poverty reduction in Laos,...

Luang Prabang Handicrafts Festival Attracts more Visitors

Luang Prabang Handicrafts Festival has attracted more than 3,000 local and foreign visitors since the event began on December 4. The weeklong festival is being...

Dry Season Rice Plan Under Consideration

The Ministry of Agriculture and Forestry is considering whether the figure for this year's dry season rice plan should be revised downwards or remain...

Laos-China Railway to Spur Border Zone Development

The Laos-China railway will provide significant momentum for the development of the Boten-Mohan border economic cooperation zone, experts have noted. The railroad, a key project...