Economy

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 since introducing its digital tax system in late 2024, according to Deputy Prime Minister and Minister of Finance Santiphab Phomvihane. The tax applies to foreign digital service providers without a physical presence in Laos, including Microsoft,...

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...

Myanmar’s Leader Wraps First ASEAN Visit in Laos, Signs Mekong Dam Study

Myanmar's recently elected President, Min Aung Hlaing, who seized power in the 2021 military...

Vietnam, Philippines Reach Upper-Middle-Income Status as Laos Eyes 2035 Target

Vietnam and the Philippines have been reclassified as upper-middle-income economies by the World Bank,...

Laos Sign USD 1.35 Million Agreement to Support Secondary, High School Students in Southern Provinces

The Ministry of Education and Sports and the Education Development Fund (EDF-Lao), a regional non-profit organization, signed an agreement for an education improvement project...

Laos Exceeds 2025 Tax Revenue Target

Laos’ tax sector collected LAK 22.85 billion (USD 1.06 million) in revenue in 2025, exceeding its annual target, according to the Ministry of Finance. The...

World Bank Backs Laos in Boosting Education, Health Worker Performance

On 16 January, the World Bank (WB) approved a new project aimed at strengthening the performance of primary education and health workers in Laos...

Laos Inflation Falls to 7.7 Percent in 2025, Showing Signs of Economic Stabilization

Laos’ average inflation fell to 7.7 percent in 2025, down sharply from 23.13 percent in 2024, according to the Bank of the Lao PDR...

Laos to Export Electricity to Singapore Under Regional Power Agreement

Laos has taken another step toward expanding regional electricity exports after a new agreement cleared the way for Lao-generated power to be transmitted to...

Laos Targets 6 Percent Economic Growth in 2026 Amid Reforms, Election Preparations

The Lao government has set a target of at least six percent economic growth in 2026, supported by fiscal reforms, major infrastructure projects, and...