Economy

Laos Cuts 7-Day Base Interest Rate to 7% as Economic Risks Persist

The Bank of Laos (BOL) has cut its seven-day base interest rate from 8 percent to 7 percent a year as inflation remains below the government’s 8 percent target. The Monetary Policy Committee approved the cut at its meeting on 20 August, where it reviewed monetary policy, economic conditions, fuel...

Prime Minister Calls for Tighter Oversight of Boten SEZ Amid Development Challenges

Prime Minister Sonexay Siphandone has called for stronger management of the Boten Special Economic...

Laos-China Railway Trade Surges as Cross-Border Freight Hits New Highs

Trade along the Laos-China Railway continued to grow sharply in the first half of...

Laos Identifies Two New Rare Earth Target Areas Across Four Provinces

Laos has completed field surveys and identified two major potential rare earth target areas...

Laos Studies USD 1 Billion Vientiane-Lidu Industrial Park in Pakngum

On 13 August, Laos agreed to study the development of a new industrial park...

Laos Sets Timeline for LDC Graduation, Begins Work on Readiness Assessment

Laos is moving ahead with preparations for its expected graduation from Least Developed Country status, with authorities targeting a transition period spanning 2026 to...

Laos–Vietnam Railway Construction to Begin in 2026, Operations Targeted for 2030

Construction of the first railway linking Laos and Vietnam is scheduled to begin in 2026, with the line expected to become operational by 2030,...

Laos to Establish Ore Inspection Offices to Boost State Revenue

The Lao government has signed an agreement to establish ore inspection offices at seven key border checkpoints, aiming to strengthen quality control of mineral...

Japan Backs Southern Laos Hospital Upgrades as Public Voices Mixed Reactions

Japan has funded JPY 2,865 million (approximately USD 18 million) to support the improvement of referral hospitals in southern Laos including Champasak, Salavan, Sekong,...

Laos-China Railway Marks Fourth Anniversary with Record Growth

The Laos-China Railway (LCR) marked four years of operation on 3 December, highlighting its transformative role in turning Laos from a “landlocked” nation into...

Lao Railways Launches First Cross-Border Freight Service Using Its Own Rolling Stock

On 2 December, Lao National Railways introduced a new freight operation linking Thanaleng Station in Vientiane with Nong Khai Station, Thailand, across the Mekong. The...