Economy

Lao State Fuel Enterprise Posts 70 Percent Profit Surge in 2025, Eyes Stock Market Listing

The Lao state-owned Lao State Fuel Company (LSFC) reported a sharp rise in profits for 2025 and is restructuring to prepare for an eventual listing on the stock exchange, as the state fuel giant seeks to transform into a modern public company. At LSFC’s annual performance review on 23 July,...

Naphao Customs Exceeds Annual Target on Mining Debt Repayments, Trade Growth

Naphao International Border Checkpoint in Khammouane Province collected more than LAK 669.5 billion (USD...

Laos Inflation Edges Up in July, Electricity Prices Surge 91.5% Year-on-Year

Electricity prices jumped 91.5 percent in July compared to the same month last year,...

Laos Eyes State Fuel Stations as Future EV Charging Hubs

Laos is exploring plans to turn state-owned fuel stations into electric vehicle (EV) fast-charging...

Online Sellers Face Renewed Enforcement of Business Registration Rules

Online sellers in Vientiane must register as businesses and obtain an e-commerce licence or...

National Assembly Members Ask Government to Reassess Fuel Price Structure

  Members of the National Assembly and People's Provincial Assemblies have asked the government to reassess the structure of fuel pricing. The Second Ordinary Session of...

Laos to Increase Fuel Prices Again Tomorrow

The government of Laos has announced an increase in fuel prices effective tomorrow following a recent fuel shortage. According to a notice issued by the Ministry...

Nearly 500,000 Unemployed in Laos Amid Covid-19 Pandemic

  The Ministry of Labor has reported that nearly 500,000 people remain unemployed across the nation this year, including those already in the country and...

Finance Ministry: State Lottery Creates Jobs, Revenue

The Ministry of Finance has defended its decision to expand the national lottery to three days per week as a means of creating employment...

RCEP, World’s Largest Trade Pact to Come into Effect in January

The RCEP, the world’s largest free-trade bloc, will officially come into effect in January next year. The Regional Comprehensive Economic Partnership (RCEP) was signed last...

Laos to Mine Bitcoin and Repay National Debt

  The government of Laos hopes to earn LAK two trillion in revenue from mining and trading the bitcoin cryptocurrency. Lao Minister of Finance, Bounchom Ubonpaseuth,...