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 to Regulate Imports to Promote Domestic Production

Laos plans to regulate imports of consumer goods, in a move to promote domestic production while curbing rising exchange rates. Lao products are struggling to...

H5N6 Avian Flu Detected in Oudomxay Province, Laos

The Oudomxay Department of Agriculture and Forestry has issued a notice stating that authorities have detected the H5N6 avian flu virus in ducks sold...

Laos Releases Stockpiled Rice to Stabilize Market Price

The Lao government has decided to release stockpiled rice to stabilize the market price amid a shortage of rice supply due to the impact...

Paksan Customs Fails to Meet Revenue Target in First 8 Months

Paksan International Customs in Bolikhamxay Province has failed to meet its revenue target between January and August amid a drop in the volume of...

Cambodia to Purchase 2,400MW Energy from Laos by 2027

Cambodia has agreed to purchase 2,400MW of electricity from Laos by 2027, in a move to meet growing energy demand in the country. Cambodia will...

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...