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 to Upgrade National Road No. 9 in Savannakhet, Connecting Laos, Thailand, Vietnam.

Laos is set to upgrade National Road No. 9 in Savannakhet Province, a key route connecting Laos, Thailand and Vietnam. The signing ceremony for the...

Japan Funds New School in Bokeo, Strengthening Education, Development Ties

Bokeo Province is set to welcome a new school with support from the Japanese government, contributing over USD 88,000 under the “Project for the...

Vientiane Capital Speeds Up Road Repairs in 2025 with LAK 20.91 Billion Budget

Vientiane is fast-tracking repairs on several major roads in 2025 using a budget of LAK 20.91 billion (around USD 1 million), supported by the...

Laos Offers Incentives, Scholarships to Strengthen Education in Remote Areas

Laos is introducing new incentives and scholarships to improve education in rural areas, linking teaching with military service to address ongoing teacher shortages.  The government’s...

Work to Start on Vientiane-Hanoi Expressway Section Two, Completion Expected by 2030

Construction of Section 2 of the Vientiane-Hanoi expressway, which will connect Paksan district to the Laos-Vietnam border in Xaychamphone district, Bolikhamxay, is set to...

Luang Namtha Sees Nine Percent Growth in Tourist Arrivals in First Nine Months of 2025

Laos’ northern Luang Namtha Province recorded a steady increase in tourism in 2025, welcoming 985,322 visitors from January to September, a 9 percent rise...