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...

Thailand to Use Japanese Trains to Help Tourists Access Laos-China Railway

Thailand has received a fleet of secondhand diesel trains from Japan that will be used across four routes, including trips from Udon Thani to...

Laos Seeks More Than 700 Companies to Invest in SEZs Over Five Years

The government of Laos will attempt to attract more than 700 companies to invest in Special Economic Zones over the next five years. Director-General of...

Kunming Sees Renewed Interest in Train Travel Following Laos-China Railway Opening

Residents of Kunming are taking a keener interest in train travel following the historic launch of the Laos-China Railway. While current regulations do not allow...

Five Thousand Passengers Board Laos-China Railway in First Five Days

More than 5,000 people have purchased tickets to ride the Laos-China Railway since its official launch on Friday. The Laos-China Railway began serving public passengers...

Thanaleng Dry Port and Vientiane Logistics Park Hold Grand Opening

Thanaleng Dry Port and Vientiane Logistics Park held a grand opening event on Saturday, kicking off the start of streamlined services facilitating transportation. The event...

First Freight Trains Arrive at Destinations in Both Countries along Laos-China Railway

The first two international freight trains along the Laos-China railway have arrived at their destination in both Laos and China. A freight train that departed...