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...

Lao Authorities Confirm International Economic Growth Forecasts in Newly Released Outlook

Lao officials have formally confirmed earlier international projections for the country's economic performance, forecasting GDP growth of around 4.0 percent by year-end.  The figures, published...

Lao President Calls for New Generation of Lao Diplomats on 80th Diplomacy Day

Lao President Thongloun Sisoulith has called for the rise of a new generation of Lao diplomats, urging them to become strategic and trusted advisers...

ADB Lowers Laos’ 2025 Growth Forecast to 3.7 Percent Amid Economic Challenges

The Asian Development Bank (ADB) has lowered Laos’ 2025 GDP growth forecast from 3.9 percent to 3.7 percent, citing debt vulnerabilities, weak demand, and...

Laos-China Railway Transported Over 15 Million Passengers Since Early 2025

The Laos-China Railway (LCR) transported 15.48 million passengers from January through 8 October this year, a 2.38 percent increase over the same period in...

Young Barista Crowned at First International Coffee, Tea Day in Luang Prabang, to Compete in South Korea

From 3 to 5 October, Luang Prabang hosted the International Coffee and Tea Day (ICTD) 2025, the first-ever joint celebration of International Coffee Day...

Vientiane’s ‘Girls Takeover’ Wraps Up, Giving Young Women a Real-World Leadership Experience

Plan International Laos - A youth leadership initiative involving ten adolescent girls and young women has concluded in Vientiane, giving participants the opportunity to...