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...

Attapeu Approves South Korean Firm for 5-Megawatt Solar Project

Attapeu Province has approved a South Korean firm, SBIN Corporation, to develop a 5-megawatt solar power project, adding to the province’s growing portfolio of...

Inflation in Laos Eases to 4 Percent in October

The cost of living in Laos continues to rise, with new data from the Laos Statistic Bureau showing that inflation reached four percent in...

Houaphanh Kicks Off Radio & TV Station Project With Support From Vietnam

On 27 October, Houaphanh Province launched the construction of its new provincial radio and television station, strengthening local media infrastructure. The ceremony took place at...

Lao Green Business Forum 2025 sets vision for Laos as ASEAN’s future Green Business Hub

The Lao Green Business Forum 2025 marked a pivotal step in Laos’s journey toward becoming a regional leader in green and sustainable enterprise. Hosted at...

Attapeu Approves Xekaman 1 Dam Tourism Development Project

Attapeu Province is taking a major step to expand its tourism sector with the approval of a 30-year concession to develop the area around...

Pakse International Airport Undergoes Major Renovation, Expansion

Pakse International Airport in Laos’ southern Champasack Province is undergoing a major renovation and expansion to upgrade its passenger sections and airport facilities.  The project,...