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...

Students Face Difficulties with Online Learning in Vientiane Capital

Authorities in Vientiane Capital have admitted that many schools and students face difficulties accessing or using online learning facilities. KPL reports that low internet penetration...

Currency Exchange Businesses to Become Commercial Bank Representatives

Authorities in Laos have ordered currency exchange businesses to transition into representatives of commercial banks across the country. According to a notice issued by the...

Laos Sees Trade Deficit of USD 24 million in August

Laos recorded a trade deficit of USD 24 million in August, according to information from the Lao Trade Portal. LTP reports that exports from Laos...

Laos Authorizes Cryptocurrency Trial Program

The government of Laos has authorized six companies to trade and mine cryptocurrencies while relevant ministries are to draft regulations governing their use. According to...

Vang Vieng To Receive New Roads, Infrastructure Upgrade

Vang Vieng is to receive a USD 8 million upgrade to improve its infrastructure, according to the Vientiane Times. The tourist town will see new...

Laos Reopens Schools Online Across the Country Today

The Ministry of Education and Sports has scheduled the reopening of schools online across the country from today. According to a notice issued by...