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,...

EU ARISE Project to Help Laos’s Export Competitiveness

The European Union (EU) has launched its EUR 5 million (USD 5.5 million) ARISE project designed to boost Laos’s export competitiveness and integration in...

Nam Ngiep Dam Officially Online

The Nam Ngiep Dam northeast of Vientiane Capital has officially come online. The Nam Ngiep Dam, a hydropower investment by Japan’s Kansai Electric Power Company,...

Cambodia Urges Laos to Speed Up Electricity Transmission

Cambodia has asked Laos to speed up the transmission of electricity that it purchased earlier this year. Cambodia’s Electricite du Cambodge (EDC) signed an agreement...

Laos, Thailand To Build Another Friendship Bridge

Laos and Thailand are considering the construction of one more friendship bridge to connect the two countries in a move that would link Vientiane...

World Bank Projects Positive Economic Growth for Laos

The World Bank has projected that economic growth in Laos is expected to recover 6.5 percent in 2019, from 6.3 percent in the previous...

Illegal Currency Exchange Services Causing Price Hikes

A senior Lao government official has warned that unregistered currency exchange services that violate currency regulations must be punished. A number of foreign currency exchange...