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 Receive First Passenger Train Along Laos-China Railway on Friday

The first passenger train to travel along the Laos-China Railway is expected to arrive in Laos from China on Friday. The Electric Multiple Unit (EMU)...

Vientiane Residents Left in the Dark Due to Faulty Streetlights

Residents of Vientiane Capital have been left in the dark after street lights have stopped working in several districts. Patchy street lighting systems in the...

Laos-China Railway to Open for Freight Transport Before Allowing Passengers

The Laos-China Railway will open in December as scheduled but will be used primarily for freight transport, according to an announcement by the Prime...

Deputy Mayor Discusses Removal of Police Checkpoints across Vientiane Capital

The Deputy Mayor of Vientiane Capital has conceded that police checkpoints in the city were removed recently to prevent economic collapse. Despite an increase in...

Completed Vientiane Station On Track for Laos-China Railway Opening

Vientiane Capital Station along the Laos-China Railway was unveiled yesterday as it nears completion before the opening of the railway in December. Constructed over some...

Laos Shifts Gears on Electric Vehicle Promotion

The Government of Laos has issued a new policy to promote electric vehicles which it hopes will help minimize fuel imports and reduce emissions...