Economy

Corruption Crackdown in Laos’s Attapeu Province Uncovers Millions in Financial Irregularities

Attapeu authorities have detailed five years of corruption investigations and financial irregularities, including a major treasury case involving more than LAK 90 billion (USD 4 million) in payments made without original supporting documents. On 22 September, Souvansi Keoviset, head of the Attapeu Provincial Anti-Corruption Agency, presented the results of investigations...

Lao Migrant Workers Send Home USD 500 Million in First Seven Months of 2026

Lao migrant workers sent an estimated USD 500.7 million back to Laos during the...

Vietnam Emerges as Laos’ Second-Largest Foreign Investor with USD 8 Billion in Projects

Vietnam has become Laos's second-largest foreign investor, with more than 400 projects worth a...

Laos, China Launch Digital Payment Link For Cross-Border Transactions

Laos and China have launched a new digital payment link that allows Chinese visitors...

Bolikhamxay 100 MW Solar Project Moves Ahead as Laos Expands Solar Power

A 100-megawatt (MW) solar project in Bolikhamxay is moving ahead, with developers meeting local...

Covid-19 Restrictions Could be Eased to Minimize Economic Impact

Authorities have said that after 11 consecutive days without a new case of Covid-19 in Laos, some lockdown restrictions could potentially be eased. Prime Minister...

Laos to Experience Stunted Economic Growth amid Coronavirus Pandemic

As a result of the effects of the Covid-19 pandemic, Laos' Gross Domestic Product (GDP) is expected to rise by only 3.3 percent in...

Vientiane Economic Officials Patrol Wet Markets, Enforce Price Controls

Government officials from Vientiane Capital were on the scene at wet markets to enforce compliance with the government's instruction prohibiting price gouging of essential...

World Bank Approves Emergency Financing for Covid-19 Response

The World Bank’s Regional Vice-Presidency of the East Asia and Pacific Region yesterday approved US 18 million for Lao PDR to help the country...

Ministry Orders Temporary Suspension of Mining Activities, Hydropower Construction

The Lao Ministry of Energy and Mines has ordered the temporary suspension of mineral processing plants and hydropower construction projects under a new notice...

Lao Government To Provide Tax Breaks, Reduced Rates Amid Coronavirus Outbreak

The Lao government is to reduce and defer the payment of tax, customs, and other administrative fees during the coronavirus outbreak. Deputy Prime Minister Dr....