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...

Foreign Aid on the Decline

Prime Minister Thongloun Sisoulith has called for central and local departments to do more to pursue the development agenda and strive for greater self-reliance...

Pakxong to Become Champassak’s Second Largest Town

The district of Pakxong will be developed into the second largest urban centre in Champassak province after Pakxe, according to a provincial official. Champassak province...

Rise in Vehicle Numbers at Boten Border

The number of vehicles crossing the Boten international checkpoint between Laos and China in LuangNamtha province has been reported to have increased as of...

PM Urges Agriculture Officials to Realise Country’s Potential

Prime Minister Thongloun Sisoulith has called on the agriculture and forestry sector to act in the interests of the country by providing green and...

Fewer Businesses Opening in Laos

The number of entrepreneurs opening businesses in Laos declined by 13 percent over the past 10 months of this fiscal year compared to the...

Indochina Bank Sees Customer Increase

The number of VIP customers holding accounts at the Indochina Bank has seen a rapid increase this year. A bank executive revealed the figure...