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...

Outstanding Projects Supported by ADB Receive Good Practise Awards

Five outstanding projects supported by the Asian Development Bank (ADB) have received Good Practice Awards for achieving successful development outcomes. The five outstanding projects include...

Laos Utilises Cooperatives and Confederations to Support Agricultural Growth

Lao researchers and academics are expected to benefit significantly from the Research 4 Life project, which aims to increase understanding among Lao researchers about...

Environmental and Social Monitoring Receives World Bank Support

The Ministry of Natural Resources and Environment and its development partners organised a review of the Second Lao Environment and Social Project in 2016...

Lao Freight Forwarders Suffering from Competition

Transport service providers and freight forwarders in Laos are suffering from increased competition with the number of companies operating in the sector having increased. Despite...

ADB to Provide More Support for Development in Laos

The Asian Development Bank (ADB) will provide US$32 million for the Climate-Friendly Agribusiness Value Chains Sector Project in Laos next year. This information was confirmed...

Economic Issues Top Cabinet, Provincial Governors Meeting Agenda

A meeting between the government cabinet, Vientiane Mayor and provincial governors kicked off yesterday in Vientiane to debate measures to realise the 2017 socio-economic...