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 to Purchase New Fleet of Electric Vehicles for Senior Officials

The government of Laos is considering replacing gasoline cars with electric cars for Party and government leaders. According to a report from the Ministry of...

Laos Receives More Funding for Business and Trade to Assist in Covid-19 Recovery

The World Bank and the Government of Laos have agreed to scale up a Competitiveness and Trade Project that will assist businesses in Covid-19...

Railway Traffic Control Center Opens at Vientiane Station

Authorities in Laos have officially opened a railway traffic control center to manage traffic along the Laos-China Railway. According to a report by CRI, the...

Laos Records Trade Surplus in September

Laos recorded a trade surplus in September, with exports topping imports for the first time in recent months. According to data from the Lao Trade...

Man Electrocuted Cutting Cables Along Laos-China Railway

A man has died after being electrocuted while cutting cables at a Naxaythong section of the Laos-China Railway in Vientiane Capital. It is believed the...

Historic Moment as First Passenger Train Along Laos-China Railway Arrives in Laos

In a historic moment, the first passenger train to travel along the Laos-China Railway has arrived in Laos. The Electric Multiple Unit (EMU) passenger train,...