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...

Vietnam Aims For Larger Slice of Lao Retail Market

Local companies have been swimming against the tide, trying to make headway into the lucrative Lao retail market, says the Hanoi Women Association of...

China’s Socialist Model Outperforms Capitalism

The top four fastest growing economies since the neoliberal "Washington Consensus" was put forward all follow, or are highly influenced by, China's development model....

Ministry of Finance: Tax Take Set to Increase Next Year

The Taxation Department of the Ministry of Finance is aiming to introduce new land and road tax rates to boost government revenue for next...

Attapeu Expands Rice Production

Southern Attapeu province is improving the quality of its rice production to increase rice sales domestically and for export, with rice trade experiencing rapid...

Economic Research Is Vital For National Financial Planning

The financial sector has been told to carry out global economic and financial research about potential impacts on Laos so that the country can...

How a Japanese Strawberry Gets to Laos

Japan has a lot of work to do if it is to reach the government's goal of exporting an annual 1 trillion yen ($10...