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...

New SEZ Project in Vang Vieng Completes Feasibility Study

A new Special Economic Zone project in Vang Vieng has reported progress in its feasibility study and socio-economic impact studies. The project, which will cover...

China Remains the Largest Foreign Investor in Laos

China remains the largest foreign investor in Laos, undertaking a total of 785 projects worth USD 12 billion. Special economic zones, industrial parks, and large-scale...

Major Road Repairs Begin Following Rainy Season Damage

The Ministry of Public Works and Transport has begun the repair and upgrade of a number of national roads after severe damage during the...

Domestic Electricity Consumption on the Rise in Laos

The Lao Ministry of Energy and Mines has said that electricity consumption in Laos this year could reach 9,401 million kWh, increasing by 7.7%...

Osiano Trading to Develop Port at Ban Mom

Osiano Trading is to invest USD 50 million into the construction of the Ban Mom port project in Tonpheung District, Bokeo Province. The project is...

Xayaboury Reports African Swine Fever Outbreak

Xayaboury Province has declared an outbreak of African Swine Fever in Xienghone District. According to a notice issued by the Xienghone District Office on 21...