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 is World’s Greenest Country

Among Asian countries, Laos has the highest percentage of forest area at 92.1 percent of the total area of the country. On the other...

Korean Companies Eye Trade Expansion in Laos

One-on-one business consultations were held between company representatives from the Republic of Korea and Lao buyers in Vientiane yesterday as part of efforts to...

Thailand Encourages a Dangerous Addiction to Debt in Laos

Laos is back in the Thai baht debt markets again, with issuance from the Republic coming just two months after the country’s government-owned utility...

Laos Set to Launch Fifth Bond Issue in Neighbouring Thailand

The Lao People's Democratic Republic will launch an offering of baht-denominated bonds in the Thai market this week to raise up to 11 billion...

Growth of Geographical Indications in South East Asia

Geographical Indications (GIs) serve as powerful tools to protect local products from domestic as well as international competitors, by guaranteeing their quality and origin....

That Luang Marsh Developer to Build Theme Park

A Chinese developer plans to invest US$80 million to construct a water theme park next year at the That Luang Marsh Specific Economic Zone...