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,...

Thailand to Legalize Undocumented Workers from Neighboring Countries

Thailand has said it hopes to legalize undocumented migrants to meet an increased demand for foreign labor. Bangkok Post reports that If the plan is...

New Economic Corridor to Boost Regional Trade through Laos

The World Bank's Board of Executive Directors has authorized a USD 132 million project to boost climate-resilient transport connections and regional commerce along an...

Khammouane Fuel Chief Urges Residents to Reduce Travel

A top executive at the Khammouane Branch of the Lao State Fuel Enterprise has called on residents to conserve fuel and give priority to...

Farmers in Laos Make Desperate Plea for Assistance Amid Fuel Crisis

Lao farmers are in desperate need of fuel and are pleading for an urgent solution to the ongoing fuel crisis. The Lao Farmers Network made...

Laos Sees Trade Deficit of USD 102 Million in April

Laos posted a trade deficit of 102 million US dollars in April, the first trade shortfall in 2022 following three months of trade surplus. According...

Laos Economy Short-changed by Foreign Currency Outflows

Foreign currency outflows have outpaced inflows, resulting in a lack of foreign currency, and making it harder for the economy to import commodities. Vientiane Times...