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...

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...

Chi Nai Mo Water Supply Plant to Receive Major Upgrade

On the 21st of February, a procurement agreement was signed for the US $92-million expansion of Chi Nai Mo Water Supply Plant in Vientiane Capital. The...