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...

Germany provides additional EUR 1.45 million to Mekong River Commission

  Germany is allocating a further EUR 1.45 million to the Mekong River Commission (MRC) to tackle development and management challenges in the Lower Mekong...

Speeding, Driving Under the Influence of Alcohol Common Among Drivers in Vientiane, Road Safety Survey Finds

Almost three-quarters of drivers in Vientiane routinely break speed limits and nearly a third of evening motorists have been drinking alcohol, new research on...

Korean Firm Partners with Wanfeng Property to Attract Investment to That Luang SEZ

A Korean real estate investment firm based in Shanghai has signed an agreement with a Chinese property developer to attract investment in the That...

Electricity Exports On the Rise as Laos Powers Up ASEAN

Laos has earned USD 2,012 million from the export of electricity to other countries this year, up by 12 percent compared to last year. Deputy...

Laos to Reopen Under Green Zone Travel Plan

The government of Laos has begun preparations for reopening the country to vaccinated tourists under its new Lao Travel Green Zone plan. The new plan...

Government of Laos Declines Offer to Sell BCEL Bank Shares

The Office of the Prime Minister's Office has issued a notice stating that it has declined a proposal by Phousy Group to purchase the...