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 Intensifies Efforts to Boost Investment from China’s Yunnan Province

Laos is intensifying efforts to attract investment from China’s Yunnan province as the two nations work to strengthen trade, transport links, and broader economic...

Lao Central Bank Cuts Base Interest Rate to Support Economic Growth

The Bank of the Lao PDR (BOL) announced on 20 November that it is reducing the 7-day base interest rate from 9% to 8.5%...

ADB Approves USD 36 Million to Boost Skills, Employment for Lao Youth

The Asian Development Bank (ADB) has approved a USD 36 million financing package to strengthen technical and vocational education and training (TVET) in Laos,...

Vietnam EV Maker VinFast Reports USD 900 Million Quarterly Loss

AFP - Vietnam's first homegrown electric vehicle manufacturer VinFast reported on 21 November a net loss of more than USD 900 million in the third...

Laos Launches Major Local Government Shake-Up with 640 New Sub-Districts

The government has greenlighted a nationwide overhaul of local governance, approving the establishment of 640 new sub-districts, or Taseng, which will replace villages as...

Lao Government Rolls Out USD-10-Million Electricity Subsidy

Starting this September, households in Laos that use up to 300 kilowatt-hours (kWh) of electricity each month will see their utility bills reduced, thanks...