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...

New International Airport in Bokeo Province to Open in March

A new international airport in Bokeo Province is scheduled to be completed and open for use by March this year. Construction of the airport in...

Construction to Resume on Latsavong Plaza Project, Tallest Building in Vientiane

Construction of Latsavong Plaza, the tallest building in Vientiane, is to resume after the project was stalled for five years. According to Director-General of the...

Laos-China Railway Project to be Profitable After 23 Years

The Laos-China Railway is expected to operate for 23 years before turning a profit, according to the Ministry of Planning and Investment. The project has...

Thai Journalist Apologizes to Laos for Criticism of Laos-China Railway

A Thai media personality who made waves recently after criticizing the Laos-China Railway has apologized for his careless comments. The host of a Thai National...

Thousands of Trucks Stranded at Border with China as Luang Namtha Suspends Entry

Luang Namtha Province has temporarily banned freight trucks from entering the province due to a massive backlog of trucks waiting to cross into China. Thousands...

China Expects 1 Million Passenger Trips on Laos-China Railway

China expects more than 1 million passenger trips will be made on the Laos-China Railway during the Lunar New Year period, despite travel restrictions. Reuters...