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,...

Special/Specific Economic Zones: Laos’ Top Incubator of Economic Growth

Throughout Laos' economic expansion history, a number of initiatives have been launched to improve the investment climate in the country. One of those successful...

Laos Government Approves Minimum Wage Increase

The government of Laos has officially approved an increase to the nation's minimum wage, from 900,000 kip to 1.1 million kip per month, according...

ADB: GDP Growth to Reach 6.8% in 2018 and Increase to 7.0% in 2019

Laos' economic growth is likely to be sustained this year and accelerate in 2019, while inflation will edge up, says a new Asian Development Bank...

Public Hotline to Report Abuses at the Market: 1625

Officials from the Vientiane Department of Industry and Commerce performed a random inspection at multiple markets such as Kuadin Market, Aussie Market, Phonthong Market and...

Theun-Hinboun: 500% Return On Investment For Lao Government

The Theun-Hinboun Power Company (THPC) organized an event to celebrate its 20th Anniversary of operations  in Vientiane last Saturday. It had been exactly twenty years since the plant...

Laos is 110th Happiest Country in the World

According to the recently published World Happiness Report, Laos ranks 110th out of 156 countries in happiness. Finland takes the crown as the happiest country on...