Economy

Global Financial Bodies Warns of Slower Growth, Higher Inflation for Laos in 2026

Laos' economy is expected to continue expanding this year, even as slower growth and inflation present challenges, according to a global financial institution. In its latest outlook released on 9 July, the Asian Development Bank (ADB) forecast that Laos’ economic growth will ease this year while inflation surges, driven largely...

Railway Expansion, Education Reform Among Key Issues at National Assembly

Expanding the railway to southern Laos, rolling out a new school system, reducing poverty,...

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...

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...

Laos Forms New Committee to Reform Struggling Power Company

The Government of Laos has set up a special committee to reform Electricite du Laos (EDL) as part of attempts to reign in bloated...

Feasibility Study Completed for Vientiane to Pakse Expressway

A new expressway linking Vientiane Capital with Champasack Province is closer to reality after a feasibility study for the project has been completed. The...

Laos Records Bumper Trade Surplus in 1st Quarter

Laos recorded a trade surplus in the first three months of this year, despite the continued depreciation of the Lao kip amid increased production...

2022 Road Tax Now Payable in Laos

The Ministry of Finance has called upon vehicle owners to make payment of the 2022 road tax, which is now due and payable. According to...

Laos Cabinet and National Assembly Meet to Discuss Economic Woes

Cabinet ministers and National Assembly members held a special meeting yesterday to discuss the country's growing economic problems. The meeting, co-chaired by Mr. Xaysomphone Phomvihane,...

State Inspection Authority: USD 732 Million Lost to Corruption Since 2016  

Since 2016, the Lao government has lost funds in various currencies totaling USD 732 million to corruption, according to a recent report. The State Inspection...