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,...

Made In Laos Exhibition 2018 Showcases the Best of Laos

The Made in Laos Exhibition 2018 provides an opportunity for businesses in Laos to promote their products and services to both local and foreign exhibition goers. Organized by the Lao National...

IMF Executive Board: Lao Economy Continues to Perform Well

The Executive Board of the International Monetary Fund (IMF) recently gave a favorable analysis of the Lao economy: Lao P.D.R.’s economy continues to perform well, supported by a...

Laos Banana Exports No Longer Pick of the Bunch

China has slapped inspection measures upon banana exports from Laos, hindering what was a booming trade. While Laos is still the second largest exporter of...

PLAOSME.com: Laos’ New E-Commerce Platform

On the 2nd of March, the Ministry of Commerce and Industry (MOIC) together with the Asian Development Bank (ADB) organized an event in Paksé,...

Updates from the Laos-China Railway Project

The Laos-China Railway project rushes forward as residents get ready for the tremendous changes this new connectivity will bring to their homes. People residing within the parameters of...

Laos Experiencing Low Inflation Rate

The inflation rate in Laos remains low, despite a rising cost of living, according to the Lao National Statistics Bureau. The bureau announced recently that...