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,...

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...