Economy

Champasak Signs Deal for New 5-MW Solar Power Project

Authorities in Champasak signed a concession agreement on 3 July with a private company to develop a 5-megawatt (MW) solar power project in Pathoumphone district. The project forms part of Laos' efforts to expand renewable energy, improve electricity supply in rural areas, and strengthen the national power grid. Xaysomboun Chaloensub Road-Bridge...

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,...

Former EDL Executives, Senior Officials Get Life in Landmark Laos Corruption Cases

On 1 July, the Vientiane Capital People’s Court announced verdicts in four major corruption...

Vientiane Completes New 9.3-Kilometer Mekong Embankment

On 1 July, Vientiane officially opened a new 9.3-kilometer stretch of Mekong riverfront featuring...

Laos-Vietnam Oil Pipeline Project Expected to Go Ahead

The Laos-Vietnam oil pipeline project is an ambitious plan to import diesel and petrol fuels to Laos from Vietnam by way of a 306km...

Vientiane Capital Expects 11 Percent Economic Growth

Authorities of Vientiane Capital are hoping to see economic growth of 11 percent this year, with an expected GDP increase of 41.6 trillion kip. The...

Vegetable Prices Increased over New Year

Vegetable prices rose over the new year holiday period, while the market price of meat remained steady. Each new year, the prices of vegetables including...

New Mobile Banking App for Joint Development Bank

Joint Development Bank (JDB) has announced plans to offer a mobile banking app this year. The mobile banking app will provide customers with a...

No Stop To Rising Fuel Prices in Laos

The Ministry of Industry and Commerce has announced a fuel price increase across the country to match the rise in fuel prices on the...

SDGs’ Message Dispersed in Luang Prabang

About 500 officials, lecturers and students at Souphanouvong University in Luang Prabang province gained insight about the implementation of the nation's Sustainable Development Goals...