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,...

Bank of the Lao PDR to Issue 5 Trillion in Saving Bonds 

The central bank of Laos PDR will issue LAK 5 trillion in savings bonds to individuals and legal entities residing in the Lao PDR,...

Laos Needs Improved Hydropower Safety Legislation: Energy Minister

Lao Minister of Energy and Mines, Mr. Daovong Phonekeo, says enacting a specific law to ensure dam safety is a vital part of the country's...

MRC Unveils Technology to Monitor Mekong Water Quality and Fish Migration

With hydrological projects now a daily reality along Southeast Asia’s most important waterway, the Mekong River Commission and its partners have introduced new technology...

Bolikhamxay Province Runs Out of Diesel Fuel

Petrol stations in Bolikhamxay Province have completely run out of diesel fuel, forcing many to close down for several days. The District Department of Industry...

Domestic Tourists in Laos Lured Away by Renewed International Travel

With international borders recently reopened, high-volume domestic destinations such as Vang Vieng, which received an influx of domestic tourists during the pandemic, have begun...

‘Unlocking’ Reform Policies Can Help Laos Realize Economic Potential

Laos is facing significant economic challenges but has the potential to develop sustainably and more equitably, according to a new World Bank report. The latest...