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...

Railways May Build the New ASEAN Community

BANGKOK - The leaders of the Association of Southeast Asian Nations (ASEAN) will gather in the Laotian capital Vientiane from September 6-8 for their first...

As Budget Drops, MRC Prepares for New Laos Dam

The Mekong River Commission (MRC) is still reeling from the blowback over its handling of the consultation process around the Don Sahong and Xayaburi...

Recharging Asia’s Battery: What Obama Should Do in Laos

Next week, Barack Obama will be the first sitting U.S. president to visit Laos, a poor, landlocked country whose large-scale efforts to dam the...

Laotian Minister: Laos Full of Opportunities For Korean Investors

Laotian Planning and Investment Minister Souphanh Keomixay said Thursday, the Southeast Asian country seeks to strengthen economic ties with Korea through investments from private...

Toyota and Daehan Dominate Laos Auto Market

Laos Auto Market in first half of 2016 hit record sales and production. The market is dominated by Toyota and Daehan while the most of...

Lao Small Businesspeople Invest In Foreign Countries

While still small in number, the number of Lao businesses investing in other countries of Asean is increasing. Meanwhile, many more businesses from Asean nations...