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...

Laos Sees 76% Increase in Banana Export Value in 2019

A surge in production has seen Laos increase the export value of bananas by 76 percent. The export value of bananas to neighboring countries, mainly...

Laos to Clear 10,000 Hectares of UXO in 2020

The Lao National Regulatory Authority (NRA) for the UXO and mine clearance sector has set a target this week to clear and destroy unexploded...

Laos to Experience Electricity Shortage During Hot Season

Electricity generation will not be sufficient to supply all areas in Laos during times of peak consumption from March to June, according to authorities,...

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...