Economy

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, leaving Laos, Cambodia, Myanmar, and Timor-Leste as the only ASEAN members still in the lower-middle-income category. The annual income classifications, released on 1 July, place seven of ASEAN's 11 members in the upper-middle-income bracket or higher....

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...

China-Laos Low-Carbon Project Expected to Cut Emissions by More Than 1,200 Tons Annually

The Vientiane-Saysettha Low-Carbon Demonstration Zone is expected to reduce carbon emissions by more than...

Lao President’s Book Donated to 22 Lao Schools Across Vientiane

More than 22 schools across Vientiane Capital received copies of President Thongloun Sisoulith’s memoir...

Lao Enterprises Seek Greater Access to Chinese Market

Lao associations of furniture, rice mill and coffee have shared experiences on promoting exports of Lao commodities to China, Lao state-run news agency KPL...

Official: Vietnam to Continue Import of Electricity From China and Laos

Vietnam will continue to import 2 percent of its electricity demand from China and Laos in the coming years, according to an official of...

Growth Prospects Buoyant for Laos Up to 2018

  VIENTIANE -- Laos' economic growth is to remain robust through 2016 up to 2018, the World Bank has said. Economic growth in Laos is projected...

Lao Mills Need to Improve Rice Quality For Exports to China

VIENTIANE -- Lao officials said the country's mills need to improve rice quality as to meet the needs for exports to China, Lao daily...

Laos Seeks Help From Indian Tea Expertise

Calcutta - The Laos government has sought help from the Indian tea industry to promote the tea grown in that country. "Indian tea is famous across...

Myanmar Likely to Join Asean Power Grid

MYANMAR is likely to be the fifth Asean country to sign up for the Asean Power Grid formed by Laos, Thailand, Malaysia and Singapore,...