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...

Laos-China Railway Officially Launched

The Laos-China Railway was officially launched today during a ceremony presided over by Lao President Thongloun Sisoulith and Chinese President Xi Jinping. The landmark railway...

Laos Records Trade Deficit of USD 45 Million in October

Laos recorded a trade deficit of USD 45 million in October with imports and exports totaling USD 819 million. According to information from the Lao...

Buddhist Ceremony Held to Mark Laos-China Railway Inauguration

  A traditional Buddhist blessing ceremony was held yesterday to mark the opening of the Laos-China Railway and ensure its successful operation. The ceremony took place...

Laos-China Railway Confirms Passenger Fares

Passenger fares for trips on the upcoming Laos-China Railway have been confirmed by the Ministry of Public Works and Transport. The ministry issued a notice...

Korean Investment Sought in That Luang Lake Special Economic Zone

Korean investment in land development is expected to pour in following a deal between Chinese developers and a Korean real estate firm. Korean real estate...

Authorities to Discuss Methods for Addressing High Fuel Prices in Laos

Authorities in Laos have begun attempts to address high fuel prices faced by the country amid the volatile global market. The Ministry of Industry and...