Economy

Laos Bans Money Bouquets, Crafts Made From Kip Banknotes

Laos has banned the production, sale, and advertising of crafts made from kip banknotes, including money bouquets and decorative money trees, under a new directive issued by the Ministry of Industry and Commerce on 22 October. The directive targets products made by folding, gluing, stapling, or otherwise incorporating banknotes into...

Laos Targets Faster Border Checks in USD 5 Million Trade Project

Laos is preparing local businesses for higher costs when selling goods abroad, as the...

Thailand’s AIS Plans USD 43.35 Million Investment in Lao Telecom

Thailand’s mobile operator AIS plans to invest USD 43.35 million in Lao Telecom, one...

More Lao Citizens Live Abroad as Foreign Population Nearly Doubles

The number of foreign nationals living in Laos has nearly doubled over the past...

Laos’ Population Growth Slows as Birth Rates Fall, 2025 Census Finds

Laos’ population is growing more slowly, with birth rates falling and the population getting...

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...

Heritage City Market Closes Due to Flooding

Authorities in Luang Prabang province have improved the drainage system along various major roads in the city after flooding was recorded in several areas...