Economy

Laos Launches Cultural Association to Preserve Heritage, Build Soft Power

On 16 July, Laos established a new cultural association tasked with preserving national heritage while positioning culture as a tool for soft power, tourism, and economic growth. The country’s Central Committee approved the formation of the Lao Cultural Values Promotion Association (LCVPA). Association president Savanhkhone Razmountry said the body would...

Laos Opens New Route for Businesses to Protect Product Designs Abroad

From 14 October, Lao designers and businesses will be able to protect the look...

Bear Paws, Pangolin Meat Seized in Vientiane Restaurant Raid Amid Laos’ Wider Crackdown

Lao authorities have stepped up their crackdown on illegal wildlife trade after raiding a...

Laos Formalizes Shanghai Cooperation Organization Dialogue Partner Status

Laos has strengthened its regional ties after formally confirming its status as a Dialogue...

Global Financial Bodies Warns of Slower Growth, Higher Inflation for Laos in 2026

Laos' economy is expected to continue expanding this year, even as slower growth and...

Laos to Share Hydropower Development Expertise With Myanmar

A hydro-electric-powered energy revolution has been afoot in South-East Asia over recent years with the movement of fresh and fast-flowing waters increasingly fueling the...

Tough Times In the Laos Garment Industry

The Lao garment industry has been on the decline. The value of exports increased from US$87 million in 1995 to a peak of US$219...

China Gezhouba Group Signs Deal to Construct 35-MW Xelanong 2 Hydropower Project In Laos

The China Gezhouba Group Corp. has signed an agreement with the Laotian government to develop a 35 MW hydroelectric plant in Laos' southern Salavan...

Switzerland Extends Grant to MRC

The Swiss government has granted more than US$7 million to the Mekong River Commission (MRC) to implement its overall brief, which covers areas such...

Finance Officials Asked to Identify Causes of Missing Revenue

Deputy Prime Minister and Minister of Finance Somdy Douangdy has called on the Party Committee of the Ministry of Finance to identify the real...

ASEAN–Russia Trade Reaches US$13.4 Billion

ASEAN-Russia bilateral trade reached US$13.4 billion in 2015, representing 0.6 per cent of ASEAN’s total trade, placing Russia as the eighth largest trade partner...