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,...

Laos Taxes Foreign Tech Firms

The Ministry of Finance in Laos has issued a notice requiring foreign e-commerce and tech platforms to register for Value Added Tax (VAT) in...

World Bank Says War Shocks to Drag on Asian Economies in Coming Months

Disruptions to supplies of commodities, financial strains, and higher prices are among the impacts of the war in Ukraine that will slow economies in...

Laos to Approve More Than 300 New Mining Projects

Laos is considering the approval of 308 new mining investment projects across the country.  Deputy Ministry of Planning and Investment, Ms. Khamchanh Vongsenboun spoke during...

ADB: Laos Has Reformed Business Development, But More Needs To Be Done

Laos' regulatory environment for business development has improved, but more must be done to speed up the country's economic recovery. A new joint report by...

Feasibility Study Underway for Vientiane to Houaphanh Expressway

An expressway linking Vientiane Capital with Houaphanh Province is closer to reality after a feasibility study for the project was announced yesterday. A signing ceremony...

Laos Records USD 48 Million Trade Surplus in February

Laos posted a USD 48 million trade surplus in February 2022, with exports totaling USD 519 million and imports totaling USD 471 million. According to...