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...

Asian Development Bank Predicts Positive Economic Growth for Laos

The Asian Development Bank (ADB) projects positive growth for the economy of Laos despite the effects of the ongoing Covid-19 pandemic. Vientiane Times reports that...

Water Supply in Vientiane Capital May Experience Shortages During Pi Mai

Vientiane Capital Water Supply State Enterprise has announced that residents in the capital should store and conserve water during the Lao New Year festival...

New PM Tells New Minister of Finance to Plug Leaks and End Corruption

The prime minister of Laos has urged the country's new finance minister to put an end to financial leaks, as well as ending corruption...

Nam Theun 1 Hydropower Project Now 85 Percent Complete

The Nam Theun 1 Hydropower Project is now 85 percent complete and is expected to go online in May 2022. According to a report by...

Laos-China Railway Track 80 Percent Complete

The laying of railway track for the Laos-China Railway project is now 80 percent complete, with the final sections of track scheduled to be...

World Leaders Discuss Finance for Development and Debt Management Amid Covid-19 Fallout

Laos is among 42 countries that have had their credit ratings downgraded since the onset of the Covid-19 pandemic. The world has been teetering on...