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...

First Phase of Sithandone SEZ Development Project Underway

When completed, the first phase of the Sithandone Special Economic Zone (SEZ) is expected to be valued at some USD 600 million. According to a...

Primary Students Behind in Lao Language and Mathematics in Laos

Authorities have admitted that the education system in Laos requires urgent attention, with Lao students falling behind in Lao Language and mathematics at the...

Laos Issues New Decree on Dam Management

Authorities announced on Thursday that the government of Laos has released new instructions for handling hydropower dams aimed at mitigating water shortages and floods. The...

Chinese Decorations Reappear on Vientiane Streets

Authorities have reinstalled temporary decorations around Vientiane Capital in celebration of Lao-China cooperation. Chinese insignia and signage were spotted being installed along Quai Fa Ngum...

New IFC Report Proposes Action Plan to Support FDI Opportunities in Laos

Developing a holistic investment strategy along with continued regulatory reforms will help the Lao PDR attract more diverse and higher-quality foreign direct investment (FDI),...

Waste Management A Growing Problem For Vientiane Capital

Vientiane City Office for Management and Service (VCOMS) says it faces several major challenges in waste management across Vientiane Capital. Authorities are faced with challenges...