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 Hopes to Develop Own Digital Currency

Laos hopes to issue its own digital currency in the near future as part of cooperation with a Japanese financial technology startup. Nikkei Asia reports...

Laos Exports 50 Tons of Rice to European Union

Laos has exported 50 tons of rice to the European Union market, with Belgium as the first purchase destination. According to a report by Socio-Economic...

Businesses Request Clarification of Government Assistance and Employee Compensation

Businesses have called on the government to provide assistance including tax breaks to ease the burden on the private sector. The private sector wants to...

Thai Durian Growers Expect Fruitful Outcome from Laos-China Railway

Durian growers in Thailand are eagerly awaiting the opening of the Laos-China Railway, which they believe will help them access the lucrative Chinese market. China...

Laos Constructs Railway Vocational Technical College

Construction of a Railway Vocational Technical College has begun in Vientiane Capital that will produce graduates to work in the railway sector. According to...

ADB: Economic Recovery in Laos Delayed by Covid-19

Economic recovery in Laos slowed amid a second wave of the Covid-19 pandemic that has led to lockdowns and lower consumer spending, according to...