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...

Lao Kip Drops to 15-Year Low

The Lao kip has continued its depreciation against foreign currencies, reaching its lowest value against the US dollar in more than fifteen years. The value...

Local Company to Construct Smart City in Vientiane Capital

Lao-owned construction company Douangchaleun Development Construction Group is to construct a Smart City development project in the capital of Laos. The government of Laos has...

Laos Examines Expressway Route to Vietnam

The Government of Laos is discussing plans for a new expressway running from Vientiane through Xaysomboun, Xieng Khouang and Houaphan provinces to the Vietnamese...

Farmers Encouraged to Replace Tobacco Crops in Laos

Health officials in Laos have asked the government to encourage farmers to grow other crops as alternatives to growing tobacco. Deputy Minister of Health, Dr....

Government Issues Regulations for Cryptocurrency Miners and Platforms in Laos

The government of Laos has issued new regulations governing cryptocurrency mining operations and trading platforms. The new regulations specify the types of businesses that can...

Vientiane Capital Reserves Land for Smart City Development

The sale of land across 12 villages in two districts of Vientiane Capital has been prohibited by city authorities after greenlighting a Smart City...