Economy

Laos Cuts 7-Day Base Interest Rate to 7% as Economic Risks Persist

The Bank of Laos (BOL) has cut its seven-day base interest rate from 8 percent to 7 percent a year as inflation remains below the government’s 8 percent target. The Monetary Policy Committee approved the cut at its meeting on 20 August, where it reviewed monetary policy, economic conditions, fuel...

Prime Minister Calls for Tighter Oversight of Boten SEZ Amid Development Challenges

Prime Minister Sonexay Siphandone has called for stronger management of the Boten Special Economic...

Laos-China Railway Trade Surges as Cross-Border Freight Hits New Highs

Trade along the Laos-China Railway continued to grow sharply in the first half of...

Laos Identifies Two New Rare Earth Target Areas Across Four Provinces

Laos has completed field surveys and identified two major potential rare earth target areas...

Laos Studies USD 1 Billion Vientiane-Lidu Industrial Park in Pakngum

On 13 August, Laos agreed to study the development of a new industrial park...

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...

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...