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...

Residents Await Laos-China Railway Compensation Payments

Preliminary counts have been completed in the provinces through which the Laos-China railway will pass, to pave the way for compensation to be paid...

Laos-Thailand Railway Link Set for Expansion Next Year

Phase II of the Laos-Thailand railway, which will see the line extended from the suburbs to central Vientiane, is set to resume after the...

Switzerland Gives Further Boost to Poverty Reduction Fund

Switzerland has agreed to contribute US$18 million to help Laos reduce poverty and achieve the targets set in the National Socio-Economic Plan. A grant agreement...

Govt to Get Tougher on Regulation of Investment Projects

The Ministry of Planning and Investment has issued an instruction that will more closely regulate government-funded investment projects from the start of work until...

WB Helps Laos to Upgrade Rural Roads

The World Bank's Board of Executive Directors is providing US$25 million credit for Laos to strengthen its road maintenance systems and improve road connectivity...

Construction of Petroleum Refinery to Resume This Month

A petroleum refinery project located in the energy and chemical precinct of Saysettha Development Zone, Vientiane is expected to resume this month after construction...