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,...

Inflation Rate Hits 12.8 %

The rate of inflation in Laos reached 12.8% in May, the highest point in 15 years. According to information provided by the Bank of Laos,...

Laos Exports Sticky Rice to China through Railway System 

Laos exported the first large quantity of sticky rice to China from the Southern Vientiane Railway Station. Vientiane Times reports that Indochina Development Partners Lao...

Prime Minister of Laos Appoints Taskforce to Address Economic Problems

The Prime Minister of Laos has formed a special taskforce to address the country's economic problems and resolve an ongoing fuel crisis. According to a...

Vientiane-Vang Vieng Expressway Resumes Operation After Shooting 

The Vientiane-Vang Vieng expressway continues to operate and ensure customer safety following a shooting at the exit tunnel between Hin Heup and Vientiane. Vientiane...

LXML Pays USD 5.84 Million Royalty for 1st Quarter 2022 to Lao Government

Ministry of Finance (MOF), State Assets Management Department, Director General, Mr Phouthasin Heungthavong received a royalty payment for the first quarter of 2022 copper-gold...

Laos and Thailand Strengthen Relationship Following PM Talk

Thailand and Laos have signed a memorandum of understanding (MoU) on the formation of a strategic partnership that will include broad economic and infrastructure...