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...

Govt Gives Expressway Operator 120 Days to Fix Problems

The Ministry of Planning and Investment has issued a notice warning the Vientiane to Vang Vieng Expressway it has 120 days to resolve urgent...

New Concrete Road Open For Use In Don Khong

A new concrete road around the popular tourist island of Don Khong has been completed and is ready for use. According to a report by...

Three Large Bombs Found and Destroyed in Khammouane

This week, MAG’s unexploded ordnance (UXO) clearance team found and safely destroyed three large air-dropped bombs in Boualapha and Gnommalath districts, Khammouane province. The first...

Laos to Register Taxpayer Identity Numbers for Individuals

Authorities have announced that Lao citizens and foreigners with income in Laos must register for a taxpayer identification number. According to a notice issued by...

Traffic Lights in Vientiane Capital Undergo Repairs

A number of sets of traffic lights in Vientiane Capital have been successfully repaired and upgraded, according to the Vientiane City Office for Management...

Vientiane Capital to Establish New District

A new district is to be established in Vientiane Capital, set to become its tenth district. Authorities in Vientiane Capital have taken steps to establish...