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,...

World Bank Economic Report: Formal Vs. Informal Financial Services

A World Bank report released last week reports that "informal" financial services continue to play an important role in the lending sector in Laos despite the fervent growth of legal...

PM: Laos Won’t Graduate From Least Developed Country Status by 2020

In a surprise revelation, Prime Minister Sisoulith told the members of the National Assembly last week that despite the government's enormous efforts, Laos will not...

PM Sisoulith: First Half of 2018 Sees Economy Grow at 6.7%

Prime Minister Thongloun Sisoulith told the 5th Ordinary Session of the National Assembly on Tuesday that the country's economic development has been advancing as expected with...

Lao Prime Minister Tightens Regulations Against Wildlife Trafficking

Prime Minister Thongloun Sisoulith has issued an order to tighten regulations against hunting and trade of protected wildlife. Individuals or groups that breach the order...

Town of Kaysone Phomvihane Officially Declared a City

The town of Kaysone Phomvihane, capital of Savannakhet Province, has been officially declared a city after the government recently announced the upgrade of three...

Fifth Lao-Thai Friendship Bridge Approved

The Lao and Thai governments have officially given the green light to the construction of the 5th Lao-Thai Friendship Bridge that will soon link...