Economy

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 since introducing its digital tax system in late 2024, according to Deputy Prime Minister and Minister of Finance Santiphab Phomvihane. The tax applies to foreign digital service providers without a physical presence in Laos, including Microsoft,...

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...

Vietnam, Philippines Reach Upper-Middle-Income Status as Laos Eyes 2035 Target

Vietnam and the Philippines have been reclassified as upper-middle-income economies by the World Bank,...

Luang Namtha Welcomes Nearly 1.3 Million Tourists in 2025, Surpassing Expectations

Luang Namtha Province has marked a successful year for tourism in 2025, welcoming a total of 1,290,192 visitors both international and domestic, an increase...

Asian Development Bank Approves Funds for Forestry Restoration Project in Laos

The Asian Development Bank (ADB) has approved USD 10 million in funding for the Responsible Forestry Project Phase I in Laos. The package includes...

Laos Section of Laos-China 500kV Power Interconnection Reaches 80 Percent Completion

The Lao section of the Laos-China 500-kilovolt (kV) power interconnection project has reached 80 percent completion, one of the country’s most important cross-border energy...

Lao Government Proposes Forest Land Conversion for Investment Projects

The Lao government has submitted a request to the National Assembly (NA) seeking approval to convert forest land for mining, energy, and infrastructure projects...

Champasack Authorities Survey Phou Salao for Conservation, Tourism Development

Champasack provincial authorities on 21 December conducted a field survey of Phou Salao as part of plans to develop the area into a provincial-level...

Rising Gold Prices Add to Household Costs in Laos

Gold prices in Laos jumped sharply on 23 December, following a broader rise seen across neighbouring countries, as global prices climbed and local currency...