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 Reduces VAT to Support Hard-hit Economy

Laos has lowered its value-added tax (VAT) rate as part of the government's post-Covid-19 economic recovery efforts. Under new regulations issued in December, the standard...

No End In Sight for Trucks in Laos Stranded at Chinese Border

Authorities in Luang Namtha Province are scrambling to assist thousands of trucks and other vehicles stranded at the border with China in Boten. A...

Laos-China Railway Asks Govt Permission to Use Foreign Currency

The Laos-China Railway Company has asked the government of Laos to allow it to use foreign currency for its transactions. Vientiane Mai reports that the...

NTP Petrol Launches Fuel Delivery Service in Laos

NTP Trading Petroleum Public Company has launched a new fuel delivery service helping motorists to fill up anywhere, any time. The fuel delivery service was...

Laos Records USD 1 Billion Trade Surplus in 2021

Laos recorded a trade surplus of USD 1 billion in 2021, with the country's overall imports and exports, excluding power exports, totaling USD 13...

Attapeu International Airport Handed Over to Air Force

After a lengthy closure, Attapeu International Airport has now been handed over to the Lao People's Liberation Air Force. A handover ceremony between the Civil...