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...

Southern Vientiane Railway Station To Be Complete This Year

Construction of the Southern Vientiane Railway Station is scheduled for completion at the end of this year. The site of the Southern Vientiane Railway Station...

New Prime Minister To Address Seven Urgent Issues in Laos

Newly-elected Prime Minister Phankham Viphavanh has raised seven urgent issues that his government will address over the next five years. When submitting a draft of...

Lao Teas, Silks Shine as Geographical Indications Enhance Global Recognition

In Laos like elsewhere, agricultural products have helped to embody the stories of the people that grow, harvest, preserve, prepare and cook them today...

Xayaboury Province Holds First Livestock Trade Fair

A livestock trade fair was held in Kenthao District, Xayaboury Province to encourage sustainable livestock marketing. According to a report by Lao Youth Radio, the...

Chinese Companies Target Laos for Durian Plantations

Chinese companies are seeking to lease up to almost 5,000 hectares of land in Vientiane Capital to establish durian plantations. According to Produce Report, the...

Vientiane Opens Second Vehicle Registration Office in Xaythany District

A new vehicle registration office has opened in Xaythany District, Vientiane Capital, to assist in registering vehicles and issuing license plates. According to a report by...