Economy

Lao Scholar Draws on History to Explore What Makes a Country ‘Great’

In many Lao communities, temples are among the cleanest places around. People sweep the grounds, tend to the gardens, and take care of the buildings. There is a shared understanding that these places are sacred, belong to everyone, and that caring for them is a collective responsibility. But why doesn't...

Laos’s Credit Rating Upgraded After Bond Sale, Hong Kong Tax Pact

Laos has received a credit rating upgrade after issuing a USD 500 million international...

Laos Eyes 500MW Renewable Electricity Export to Singapore

Laos is eyeing a major expansion of its clean energy exports following a proposed...

Laos Orders Local Trade Offices to Stop Restricting Business Competition

The Ministry of Industry and Commerce has ordered trade offices nationwide to stop imposing...

Laos Inflation Eases to 7.7 Percent as Electricity Costs Remain High

Laos’ inflation edged down to 7.7 percent in October from 7.8 percent in September,...

National Treasury and ICBC Cooperate in Tax Payment System

The National Treasury and the Industrial and Commercial Bank of China (ICBC) have begun cooperation in systems for payment of taxation into the state...

Interview with Israeli Ambassador to Laos, Mr. Nadav Eshcar

As Nadav Eshcar, Israeli Ambassador to Laos and Vietnam, concludes his five-year diplomatic mission in the region, he speaks with the Laotian Times to...

Geothermal Power to Generate Over USD 600 Million Annually for Laos

Laos will generate over USD 600 million each year from selling geothermal power to Vietnam.  The Lao Development and Investment Co., Ltd. (LDIC), the Canadian...

Australia Supports Laos in Improving Transport and Trade Connectivity

The Australian Government is supporting the Government of Laos in improving transport connectivity, cross-border trade, and logistics along an east-west corridor in northern Laos. A...

Laos to Bolster Sustainable Trade, Diversify Value Chains Under ARISE Plus Project

Representatives and stakeholders from the industry and commerce sector and the European Union came together to discuss sustainable trade solutions at the ARISE Plus...

Families in Laos Face New Economic Challenges as Impact of Covid-19 Recedes

While the negative impacts of Covid-19 appear to be receding, households in Laos are facing new economic challenges, according to the World Bank. Results from...