Economy

Laos Cuts 7-Day Base Interest Rate to 7% as Economic Risks Persist

The Bank of Laos (BOL) has cut its seven-day base interest rate from 8 percent to 7 percent a year as inflation remains below the government’s 8 percent target. The Monetary Policy Committee approved the cut at its meeting on 20 August, where it reviewed monetary policy, economic conditions, fuel...

Prime Minister Calls for Tighter Oversight of Boten SEZ Amid Development Challenges

Prime Minister Sonexay Siphandone has called for stronger management of the Boten Special Economic...

Laos-China Railway Trade Surges as Cross-Border Freight Hits New Highs

Trade along the Laos-China Railway continued to grow sharply in the first half of...

Laos Identifies Two New Rare Earth Target Areas Across Four Provinces

Laos has completed field surveys and identified two major potential rare earth target areas...

Laos Studies USD 1 Billion Vientiane-Lidu Industrial Park in Pakngum

On 13 August, Laos agreed to study the development of a new industrial park...

Laos Exports 50 Tons of Rice to European Union

Laos has exported 50 tons of rice to the European Union market, with Belgium as the first purchase destination. According to a report by Socio-Economic...

Businesses Request Clarification of Government Assistance and Employee Compensation

Businesses have called on the government to provide assistance including tax breaks to ease the burden on the private sector. The private sector wants to...

Thai Durian Growers Expect Fruitful Outcome from Laos-China Railway

Durian growers in Thailand are eagerly awaiting the opening of the Laos-China Railway, which they believe will help them access the lucrative Chinese market. China...

Laos Constructs Railway Vocational Technical College

Construction of a Railway Vocational Technical College has begun in Vientiane Capital that will produce graduates to work in the railway sector. According to...

ADB: Economic Recovery in Laos Delayed by Covid-19

Economic recovery in Laos slowed amid a second wave of the Covid-19 pandemic that has led to lockdowns and lower consumer spending, according to...

Man Arrested for Theft of Railway Components

A man has been arrested in Vientiane Capital for stealing railway construction components along the Laos-China Railway. According to a report by Lao Youth Radio,...