21 C
Vientiane
Friday, November 14, 2025
spot_img

Economy

Lao State Fuel Company Set to Transform into Public–Private Joint Venture

The Lao government is moving to restructure the Lao State Fuel Company (LSFC) into a public–private joint venture as part of its broader overhaul of major state-owned enterprises, according to a report presented to the National Assembly on 13 November. Officials detailed the reform plan during the 10th Ordinary Session...

EDL-Gen Signs an Agreement to Boost Floating Solar, Carbon Credit Initiatives

On 10 November, Électricité du Laos Generation Public Company (EDL-Gen) signed an agreement with...

National Assembly Calls for Action on Roads, Education, Agriculture

At the 10th Ordinary Session of the 9th National Assembly on 11 November, members...

Construction Begins on National Road No. 2W Upgrade Project Worth USD 10 Million

On 11 November, the Ministry of Public Works and Transport (MPWT) signed a contract...

Mineral Sector Surpasses Five-Year Goals as Government Strengthens Oversight

Laos’ mineral sector recorded production worth LAK 36,175 billion (approximately USD 1.67 billion) in...

World Bank Classifies Laos as Lower-Middle-Income Economy for 2020

The World Bank has classified Laos as a lower-middle-income economy in its latest classification for the 2020 fiscal year. The bank classifies the world’s economies...

Moody’s Assigns First-time Issuer Rating of B3 to Laos

American credit rating agency Moody’s has assigned a B3 rating with a positive outlook to the government of Laos, citing the country’s high economic...

Lao Stock Exchange Sees Steady Growth

Almost a decade ago, the Lao Stock Exchange launched with only a few public companies. Now, it boasts 11 registered companies, all of which...

Laos to Bolster Tax Collection via New Laws

Laos has teamed up with the World Bank, revealing new laws on taxation that would boost the productivity of businesses and ensure accurate and...

Central Bank Governor Explains Reasons for Weak KIP

The Governor of the Central Bank, Sonexay Sitpraxay has stated that weak domestic production is among the causes of the rapid depreciation of the...

Laos Launches Inspection on Car Dealers to Curb Illegal Imports

The Lao government has instructed dealers who import and sell vehicles to present their documents no later than November 29, in a move to...