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...

Rice Cooperatives still Held Back by Marketing

Lao rice cooperatives have made good progress in terms of their rice production efforts but marketing and sales deficiencies are still causing problems for...

Govt, Development Partners to Agree on Next Ten Years Cooperation

Vientiane province: --Localisation of Sustainable Development Goals (SDGs), effective development partnerships, food and nutrition security, green growth, climate change and disaster response preparedness are...

Economists Query Accuracy of Investment Figure

Economists have queried the investment figure reported by the government, saying it does not reflect the reality of economic growth. Minister of Planning and Investment...

Residents Await Compensation for Nongkhang Airport Lands

Huaphan province wants to help the people affected by Nongkhang airport construction that are suffering from a lack of rice to eat after losing...

NA Session Ends after Approving Laws, Financial Targets

The National Assembly (NA) has approved a GDP target of 600 trillion kip over the next four years, also setting the average economic growth...

Amended Investment Law Offers Tax Incentives, Shortens Concession Period

Amendments to the Investment Promotion Law offer more tax incentives and shorter investment concession periods in a bid to attract more investors while ensuring...