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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...
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Laos Orders Local Trade Offices to Stop Restricting Business Competition

The Ministry of Industry and Commerce has ordered trade offices nationwide to stop imposing...
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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,...
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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...
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Phongsavanh Group Backs Smart City Development Project in Vientiane Capital

Phongsavanh Group has invested approximately USD 580 million to construct a Smart City development project in the capital of Laos. The groundbreaking ceremony for constructing...

World Bank Predicts 4.5 Percent Economic Growth for Laos in 2022

The World Bank's latest Global Economic Prospects report suggests Laos will see economic growth of 4.5 percent in 2022 and 4.8 percent in 2023. The...

Laos Ups Stake in Vung Ang Sea Port

The government of Laos now owns a 60 percent share in Vietnam's Vung Ang Port, up from its previous 20 percent stake. A share transfer...

First Tourists Arrive in Laos After Reopening

A Korean school group has become the first group of tourists to arrive in Laos since the country's reopening this year. Vientiane Times reports that...

Laos Bananas Remain Pick of the Bunch for Export to China

Bananas once again tipped the scales as the major agricultural export crop for Laos in 2021. Laos earned over USD 900 million from the export...

Laos’ Agricultural Exports Reach USD 900 Million in 2021

  Laos has earned over USD 900 million from the export of agricultural products in 2021, according to a recent government report. Exports of bananas brought...
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