Economy

Laos Collects USD 12 Million in Digital Taxes From Global Tech Companies

Laos has collected approximately USD 12 million in digital taxes from global technology companies since introducing its digital tax system in late 2024, according to Deputy Prime Minister and Minister of Finance Santiphab Phomvihane. The tax applies to foreign digital service providers without a physical presence in Laos, including Microsoft,...

Laos Agricultural, Forestry Exports Top USD 1 Billion in First Half of 2026

Laos earned more than USD 1 billion from agriculture and forestry exports in the...

Champasak Signs Deal for New 5-MW Solar Power Project

Authorities in Champasak signed a concession agreement on 3 July with a private company...

Myanmar’s Leader Wraps First ASEAN Visit in Laos, Signs Mekong Dam Study

Myanmar's recently elected President, Min Aung Hlaing, who seized power in the 2021 military...

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,...

Laos Steps Up Debt Reforms With New Strategy, Stronger Oversight

Laos is advancing major public debt management reforms with a new medium-term strategy and tighter oversight of state-owned enterprises to strengthen fiscal stability and...

Laos, UN Mark 70 Years of Partnership, Highlighting Support for Youth and Sustainable Development

Laos and the United Nations (UN) marked the 70th anniversary of their partnership on 20 November, celebrating decades of cooperation in development, peacebuilding, and...

Laos Launches 16 Days of Activism Campaign Focused on Digital Violence

Laos kicked off the 2025 global campaign for the 16 Days of Activism against Gender-Based Violence on 25 November, putting a national spotlight on...

Inflation in Laos Soars to 4.8 Percent in November

Laos’ inflation rate rose to 4.8 percent in November, up from 4.3 percent in October, driven mainly by higher costs for electricity, water, health...

Laos Launches Training Center to Boost Mining, Energy Skills

On 18 November, Laos inaugurated the Lancang-Mekong Training Center and launched a specialized training program designed to address the country’s shortage of skilled workers...

International Monetary Fund Says Lao Economy to Grow by 4.5 Percent in 2026

The International Monetary Fund (IMF) has projected that Laos’ economy will expand by 4.5 percent in 2026, supported by stronger exports, rising tourism, foreign...