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...

Oudomxay Residents Affected by Laos-China Railway Receive Compensation

Some 72 percent of residents in Oudomxay Province affected by the Laos-China Railway have received full compensation. Acting Head of the Oudomxay Provincial Department of...

Laos Sees Trade Deficit of USD 80 Million in December

Laos reported a trade deficit of USD 80 million in December 2021 with imports and exports totaling approximately USD 1.18 billion. According to information from...

Vientiane Capital Upgrades Khouvieng Road to Improve Traffic Flow

Authorities in Vientiane Capital have begun widening stretches of Khouvieng Road to better facilitate traffic flow and reduce congestion. Roads are to be widened, footpaths...

Vang Vieng Station Commences Freight Services Along Laos-China Railway

Vang Vieng Station in Vientiane Province has commenced providing freight services along the Laos-China Railway. The station began the provision of freight services this week...

Laos to See Decline in Coffee Exports This Year

Coffee exports are expected to slow for Laos this year as the number of coffee plantations decreases. In 2022, Laos is predicted to export just...

Laos Authorizes Two Crypto Exchange Platforms

Authorities in Laos have officially authorized two licensed cryptocurrency exchange platforms to operate in the country. The Bank of Laos (BOL) has granted their Agreement...