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,...

Government of Laos Agrees to Raise Minimum Wage

The Government of Laos has agreed to a minimum wage increase amid a rising cost of living and rampant inflation. The decision was reached among...

USD 210 Million Spent on Poverty Reduction in Laos Since 2003

Laos has received USD 210 million in poverty reduction funding from international organizations over the last eighteen years.  Mr. Phatnakhone Kanthamixay, Director of the Poverty...

Bolikhamxay Officials Clarify Viral Logging Truck Image

An image of a truck transporting timber that rolled over in Bolikhamxay Province went viral this week, drawing criticism from social media users who...

Golden Triangle Special Economic Zone Celebrates 15th Anniversary

The Golden Triangle Special Economic Zone celebrated its 15th anniversary this month amid much fanfare and media coverage domestically. The Zone, located along the Mekong...

Vientiane Authorities Crack Down on Illegal Currency Exchange Operators 

Authorities in Vientiane Capital are struggling to control unlicensed currency exchange businesses amid a widening gap between official and market exchange rates. Rising inflation and...

Construction Begins on China-funded Educational Facility in Vientiane Capital

Construction of a new facility funded by China at the Laos Institute of Posts and Telecommunications in Vientiane Capital has begun. Lao Minister of Technology...