Economy

Attapeu Looks to Job Support as School Dropouts Rise

Attapeu is expanding its employment services as the province seeks to respond to labor shortages and help people who have left school find work, according to provincial media.   At a meeting on 20 August, Director of the provincial Department of Labour and Social Welfare Phonmany Khiengxayavong said the province will...

Laos Moves to Update Electricity Law for Energy Sector Shift

Laos is moving to update its electricity sector as the government prepares to adopt...

Laos Cuts 7-Day Base Interest Rate to 7% as Economic Risks Persist

The Bank of Laos (BOL) has cut its seven-day base interest rate from 8...

Prime Minister Calls for Tighter Oversight of Boten SEZ Amid Development Challenges

Prime Minister Sonexay Siphandone has called for stronger management of the Boten Special Economic...

Laos-China Railway Trade Surges as Cross-Border Freight Hits New Highs

Trade along the Laos-China Railway continued to grow sharply in the first half of...

Thailand to Build New Railway Bridge to Laos

The Thai government has ordered the State Railway of Thailand (SRT) design and build a new bridge from Nong Khai Province to Laos in...

Phongsavanh Group Backs Smart City Development Project in Vientiane Capital

Phongsavanh Group has invested approximately USD 580 million to construct a Smart City development project in the capital of Laos. The groundbreaking ceremony for constructing...

World Bank Predicts 4.5 Percent Economic Growth for Laos in 2022

The World Bank's latest Global Economic Prospects report suggests Laos will see economic growth of 4.5 percent in 2022 and 4.8 percent in 2023. The...

Laos Ups Stake in Vung Ang Sea Port

The government of Laos now owns a 60 percent share in Vietnam's Vung Ang Port, up from its previous 20 percent stake. A share transfer...

First Tourists Arrive in Laos After Reopening

A Korean school group has become the first group of tourists to arrive in Laos since the country's reopening this year. Vientiane Times reports that...

Laos Bananas Remain Pick of the Bunch for Export to China

Bananas once again tipped the scales as the major agricultural export crop for Laos in 2021. Laos earned over USD 900 million from the export...