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...

Laos to Build Two Coal-Fired Plants in Xekong Province

Laos is to construct two new coal-fired power plants in southern Laos with the aim of selling more electricity to Cambodia. Vientiane Times reports that...

Housing for Attapeu Flood Victims to Be Completed This Year

Some 496 of 700 new homes have been completed for flood victims in Attapeu following the dam collapse of 2018. According to a report by...

Laos to Inspect Safety of Hydropower Dams Every Five Years

Laos is to undertake a national hydropower inspection procedure every five years to ensure safety and maintenance standards. The procedure would ensure that dams...

Laos-China Railway Sees 242 Kilometers Of Track Complete

The Laos-China Railway project has completed 242 kilometers of track and is expected to successfully complete the full track in May this year. According to...

Authorities Rush to Repair Traffic Lights in Vientiane Capital

Vientiane Capital authorities are to expedite repairs of faulty traffic lights and street lighting across the city. According to a report by Vientiane Mai, the...

Lao Economy Set to Recover if Threats Can Be Contained

While economic growth in the Lao PDR contracted in 2020 for the first time in over two decades, the economy is set to recover...