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 and China Form Joint Power Grid Company

Electricite du Laos state enterprise and China Southern Power Grid have signed an agreement to jointly establish a new venture to operate the country's...

Students Encouraged to Apply for Tourism and Hospitality Courses Nationwide

Technical and vocational schools and colleges around the country have assembled their tourism and hospitality courses under one central Facebook Page titled "Hosts of...

Laos Sees Rising Public Debt Following Covid-19 Economic Effects

Public debt is on the rise for Laos after a drop in revenue collection and an increase in loans amid the Covid-19 pandemic. According to...

Thai Firm Keen to Construct ASEAN’s Largest Wind Farm in Laos

Thai energy giant BCPG Public Company has announced plans to develop ASEAN's largest wind farm in Laos, capitalizing on rising demand for energy in...

Bank of Laos Tightens Regulations on Currency Exchange Business

The Bank of the Lao PDR has drafted a new administrative regulation intended to regulate currency exchange businesses following the depreciation of the Lao...

Construction of Vientiane Station Commences on Laos-China Railway

A groundbreaking ceremony for construction of Vientiane Station along the Laos-China Railway was held on Friday in Xaythany District. Vientiane Station, located in Xay Village,...