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...

Lao Consumers Still Favor Imported Agricultural Produce

Authorities have acknowledged that Lao people continue to favor agricultural products imported from neighboring countries over home-grown produce. According to a report by Lao Post,...

Expressway Contractor in Talks to Adjust Tolls, Clear Cattle

The Vientiane to Vang Vieng Expressway Management Committee is to hold discussions regarding the adjustment of road tolls following public complaints. According to a report...

Famous Tha Heua Fish Market Faces Abandonment Following Expressway Opening

Vang Vieng's Tha Heua Market faces total abandonment after the expressway has caused motorists to bypass it when traveling to the resort town. According to...

Government Approves Sale of Land Along Vientiane’s 450 Years Road

The government of Laos has approved the sale of land along either side of the 450 Years Road in Vientiane Capital. The Vientiane Capital Department...

Vang Vieng Expressway Contractor Clarifies Delay

The contractor responsible for the Vientiane to Vang Vieng Expressway has confirmed the road will be open for use by 31 December this year. According...

Laos-China Railway May Not be Completed on Schedule

The Laos-China Railway construction project is scheduled to open in December 2021 but is set to face delays. According to a report by Vientiane Times,...