Economy

Laos’s Credit Rating Upgraded After Bond Sale, Hong Kong Tax Pact

Laos has received a credit rating upgrade after issuing a USD 500 million international bond and signing a tax agreement with Hong Kong aimed at reducing costs for cross-border investors. On 29 October, S&P Global Ratings upgraded Laos’s long-term credit rating from CCC+ to B-, with a stable outlook, indicating...

Laos Eyes 500MW Renewable Electricity Export to Singapore

Laos is eyeing a major expansion of its clean energy exports following a proposed...

Laos Orders Local Trade Offices to Stop Restricting Business Competition

The Ministry of Industry and Commerce has ordered trade offices nationwide to stop imposing...

Laos Inflation Eases to 7.7 Percent as Electricity Costs Remain High

Laos’ inflation edged down to 7.7 percent in October from 7.8 percent in September,...

Laos Links South Korea Work Visas to Overstay Rates as Program Expands

Laos will suspend access to South Korea’s seasonal work program for 3 years if...

Authorities Clarify Rising Pork Prices in Vientiane Capital

Authorities in Vientiane Capital have issued a statement regarding an increase in pork prices, saying insufficient supply in neighboring countries has affected Laos. Pork prices...

Laos Slaps Ban on Agricultural Imports to Boost Local Economy

The government of Laos has banned the import of certain types of farm produce, livestock, and fish, hoping to spur domestic production. In an urgent...

Inflation in Laos Reached 5.3 Percent in December 2021

The inflation rate in Laos in December was higher than any other month in 2021, climbing to 5.3 percent. Increasing inflation has had a direct...

Thailand Ships 1,000 Tonnes of Rice to China Via Laos-China Railway

A shipment of 1,000 tonnes of rice from Thailand has been delivered to China via the Laos-China Railway. According to an announcement by Thailand's Agriculture...

Oudomxay Residents Affected by Laos-China Railway Receive Compensation

Some 72 percent of residents in Oudomxay Province affected by the Laos-China Railway have received full compensation. Acting Head of the Oudomxay Provincial Department of...

Laos Sees Trade Deficit of USD 80 Million in December

Laos reported a trade deficit of USD 80 million in December 2021 with imports and exports totaling approximately USD 1.18 billion. According to information from...