Economy

Laos Moves to Update Electricity Law for Energy Sector Shift

Laos is moving to update its electricity sector as the government prepares to adopt a revised Electricity Law aimed at supporting a greener, more modern and sustainable energy system. The current Electricity Law, adopted in 2017, no longer fully reflects changes in how electricity is generated, traded and managed, according...

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...

Laos Identifies Two New Rare Earth Target Areas Across Four Provinces

Laos has completed field surveys and identified two major potential rare earth target areas...

Germany provides additional EUR 1.45 million to Mekong River Commission

  Germany is allocating a further EUR 1.45 million to the Mekong River Commission (MRC) to tackle development and management challenges in the Lower Mekong...

Speeding, Driving Under the Influence of Alcohol Common Among Drivers in Vientiane, Road Safety Survey Finds

Almost three-quarters of drivers in Vientiane routinely break speed limits and nearly a third of evening motorists have been drinking alcohol, new research on...

Korean Firm Partners with Wanfeng Property to Attract Investment to That Luang SEZ

A Korean real estate investment firm based in Shanghai has signed an agreement with a Chinese property developer to attract investment in the That...

Electricity Exports On the Rise as Laos Powers Up ASEAN

Laos has earned USD 2,012 million from the export of electricity to other countries this year, up by 12 percent compared to last year. Deputy...

Laos to Reopen Under Green Zone Travel Plan

The government of Laos has begun preparations for reopening the country to vaccinated tourists under its new Lao Travel Green Zone plan. The new plan...

Government of Laos Declines Offer to Sell BCEL Bank Shares

The Office of the Prime Minister's Office has issued a notice stating that it has declined a proposal by Phousy Group to purchase the...