Economy

Laos Inflation Edges Up in July, Electricity Prices Surge 91.5% Year-on-Year

Electricity prices jumped 91.5 percent in July compared to the same month last year, becoming one of the main factors behind a slight increase in Laos’ inflation rate, which rose to 7.6 percent from 7.4 percent in June. According to the latest figures from the Lao Statistics Bureau, the sharp...

Laos Eyes State Fuel Stations as Future EV Charging Hubs

Laos is exploring plans to turn state-owned fuel stations into electric vehicle (EV) fast-charging...

Online Sellers Face Renewed Enforcement of Business Registration Rules

Online sellers in Vientiane must register as businesses and obtain an e-commerce licence or...

Former MRC Chief Anoulak Kittikhoun Named First Lao Head of Mekong Institute

Former Mekong River Commission (MRC) Chief Executive Officer Anoulak Kittikhoun has been appointed Executive...

Laos Turns to Public-Private Partnership to Tighten Product Quality Controls

Laos has launched a new state-backed company to inspect and certify the quality of...

Govt, Microsoft to Accelerate Digital Transformation

Software giant Microsoft has underscored its commitment to empowering every person and every business in Laos. The initiative is in line with Microsoft's National Empowerment...

Nayoby Bank to Increase Loan Amounts, Expand Branches

Nayoby bank will increase the maximum loan amount it releases to a customer from the current 30 million kip to 50 million kip next...

Laos-China Railway Awaits Landmine Clearance

Construction of the Laos-China railway in Luang Namtha province has yet to commence as some UXO clearance activities need to be completed before the...

Skilled Labour Needed for Development Zones

A large quality of skilled labour remains in high demand for development zones across the country, especially the Saysettha Development Zone in Vientiane, according...

Central Bank Permits Importers to Borrow in Foreign Currency

The Bank of the Lao PDR has permitted commercial banks to release loans in foreign currency to importers, including those who currently have no...

China Funds Poverty Reduction in Laos

The Chinese government has agreed to provide grant funding of over 34 billion kip (over 33 million Yuan) to address poverty reduction in Laos,...