Economy

Laos Cuts 7-Day Base Interest Rate to 7% as Economic Risks Persist

The Bank of Laos (BOL) has cut its seven-day base interest rate from 8 percent to 7 percent a year as inflation remains below the government’s 8 percent target. The Monetary Policy Committee approved the cut at its meeting on 20 August, where it reviewed monetary policy, economic conditions, fuel...

Prime Minister Calls for Tighter Oversight of Boten SEZ Amid Development Challenges

Prime Minister Sonexay Siphandone has called for stronger management of the Boten Special Economic...

Laos-China Railway Trade Surges as Cross-Border Freight Hits New Highs

Trade along the Laos-China Railway continued to grow sharply in the first half of...

Laos Identifies Two New Rare Earth Target Areas Across Four Provinces

Laos has completed field surveys and identified two major potential rare earth target areas...

Laos Studies USD 1 Billion Vientiane-Lidu Industrial Park in Pakngum

On 13 August, Laos agreed to study the development of a new industrial park...

EDL to Focus on Customer Service, Dismiss Irresponsible Employees

Electricite du Laos has announced that it will place a greater focus on customer service, saying irresponsible employees will be dismissed. According to a notice...

Laos Sees Trade Deficit of USD 64 million in April

Laos recorded a trade deficit of USD 64 million in April, according to information from the Lao Trade Portal. Xinhua reports that exports from Laos...

Vientiane Vehicle Registration Division Bars Entry to Unvaccinated Individuals

The Vientiane Capital Vehicle Registration and Driving License Division (VRDLDV) has declared that individuals and employees who have not been vaccinated against Covid-19 will...

Korean Company to Study Expansion of Luang Prabang Airport

The Korean Airports Corporation (KAC) has been selected to lead a feasibility study on the expansion of Luang Prabang International Airport. The Lao Ministry of...

Laos Considers Policy to Assist Poor Families During Covid-19 Crisis

The government of Laos is now considering a policy to assist poor families or vulnerable individuals who have been affected by the Covid-19 crisis. According...

EDL To Discount Electricity Rates During Lockdown Period

Electricite du Laos is to provide a three percent discount on electricity rates to residential consumers during the lockdown period. Authorities have accepted a proposal...