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...

Lao Kip Drops to 15-Year Low

The Lao kip has continued its depreciation against foreign currencies, reaching its lowest value against the US dollar in more than fifteen years. The value...

Local Company to Construct Smart City in Vientiane Capital

Lao-owned construction company Douangchaleun Development Construction Group is to construct a Smart City development project in the capital of Laos. The government of Laos has...

Laos Examines Expressway Route to Vietnam

The Government of Laos is discussing plans for a new expressway running from Vientiane through Xaysomboun, Xieng Khouang and Houaphan provinces to the Vietnamese...

Farmers Encouraged to Replace Tobacco Crops in Laos

Health officials in Laos have asked the government to encourage farmers to grow other crops as alternatives to growing tobacco. Deputy Minister of Health, Dr....

Government Issues Regulations for Cryptocurrency Miners and Platforms in Laos

The government of Laos has issued new regulations governing cryptocurrency mining operations and trading platforms. The new regulations specify the types of businesses that can...

Vientiane Capital Reserves Land for Smart City Development

The sale of land across 12 villages in two districts of Vientiane Capital has been prohibited by city authorities after greenlighting a Smart City...