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...

Vientiane Capital Upgrades Khouvieng Road to Improve Traffic Flow

Authorities in Vientiane Capital have begun widening stretches of Khouvieng Road to better facilitate traffic flow and reduce congestion. Roads are to be widened, footpaths...

Vang Vieng Station Commences Freight Services Along Laos-China Railway

Vang Vieng Station in Vientiane Province has commenced providing freight services along the Laos-China Railway. The station began the provision of freight services this week...

Laos to See Decline in Coffee Exports This Year

Coffee exports are expected to slow for Laos this year as the number of coffee plantations decreases. In 2022, Laos is predicted to export just...

Laos Authorizes Two Crypto Exchange Platforms

Authorities in Laos have officially authorized two licensed cryptocurrency exchange platforms to operate in the country. The Bank of Laos (BOL) has granted their Agreement...

New Riparian MRC Head Anoulak Kittikhoun Takes Office Today

Mr. Anoulak Kittikhoun takes office today as the third riparian Chief Executive Officer (CEO) of the Mekong River Commission (MRC) Secretariat. He will lead...

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...