Economy

Laos, China Launch Digital Payment Link For Cross-Border Transactions

Laos and China have launched a new digital payment link that allows Chinese visitors to pay Lao businesses using China’s digital yuan, without needing to exchange cash into Lao kip. The system connects China’s digital yuan, known as e-CNY, with Laos’ domestic QR payment network. A Chinese visitor can now...

Bolikhamxay 100 MW Solar Project Moves Ahead as Laos Expands Solar Power

A 100-megawatt (MW) solar project in Bolikhamxay is moving ahead, with developers meeting local...

Laos, Thailand Move Forward With Plans for New Friendship Bridge Linking Vientiane, Loei

Laos and Thailand are studying a possible new Friendship Bridge linking Vientiane Province with...

African Swine Fever Spreads Across Laos, Leaves Thousands of Pigs Dead or Culled

African swine fever has spread across Laos, with 11,369 pigs dead or culled since...

Attapeu Dam Collapse Survivors Set to Receive Final Compensation After Eight Years

Eight years after the Xe-Pian Xe-Namnoy hydropower dam in Attapeu collapsed, killing dozens and...

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...

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...