Economy

Railway Expansion, Education Reform Among Key Issues at National Assembly

Expanding the railway to southern Laos, rolling out a new school system, reducing poverty, and improving roads and water supply were among the key issues discussed during the First Ordinary Session of the 10th National Assembly this week. Lawmakers questioned ministers on infrastructure, education, rural development, and environmental protection as...

Laos Collects USD 12 Million in Digital Taxes From Global Tech Companies

Laos has collected approximately USD 12 million in digital taxes from global technology companies...

Laos Agricultural, Forestry Exports Top USD 1 Billion in First Half of 2026

Laos earned more than USD 1 billion from agriculture and forestry exports in the...

Champasak Signs Deal for New 5-MW Solar Power Project

Authorities in Champasak signed a concession agreement on 3 July with a private company...

Myanmar’s Leader Wraps First ASEAN Visit in Laos, Signs Mekong Dam Study

Myanmar's recently elected President, Min Aung Hlaing, who seized power in the 2021 military...

Laos Suffers Trade Deficit of USD 137m in 2019

Laos recorded a trade deficit of USD 137 million in 2019, although the country exported more than its yearly plan. The value of exports last...

Laos Sees 145% Energy Export Growth between 2016-2020

Laos has increased its electricity exports by 145 percent over the past five years amid a growing number of hydropower plants. The country expanded electricity...

World Bank Classifies Laos as Lower-Middle-Income Economy for 2020

The World Bank has classified Laos as a lower-middle-income economy in its latest classification for the 2020 fiscal year. The bank classifies the world’s economies...

Moody’s Assigns First-time Issuer Rating of B3 to Laos

American credit rating agency Moody’s has assigned a B3 rating with a positive outlook to the government of Laos, citing the country’s high economic...

Lao Stock Exchange Sees Steady Growth

Almost a decade ago, the Lao Stock Exchange launched with only a few public companies. Now, it boasts 11 registered companies, all of which...

Laos to Bolster Tax Collection via New Laws

Laos has teamed up with the World Bank, revealing new laws on taxation that would boost the productivity of businesses and ensure accurate and...