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...

Vientiane-Boten Expressway Set for Completion by 2030, Says Deputy Prime Minister

The Vientiane-Boten Expressway, linking Laos’s capital to Boten in Luang Namtha Province, is expected to be completed by 2030, Deputy Prime Minister Saleumxay Kommasith...

Tourist Arrivals in Laos Increased by 15 Percent in First Eight Months of 2025

Laos welcomed over 3,061,928 international tourists in the first eight months of 2025, a 15 percent increase compared to the same period in 2024,...

Wind Power Project in Savannakhet Nears Completion, on Track for Commercial Operation by End of 2025

The Savan 1 Wind Power Project in Savannakhet reached 85 percent completion and is expected to begin commercial operations by the end of 2025,...

Sekong Province Offers LAK 50 Million, University Placement for Outstanding Students

Students in Sekong Province who graduate from grade 12 with a red diploma in the 2025–2026 academic year will receive LAK 50 million (USD...

Chao Anouvong Stadium Renovation on Track for Late 2026 Completion

The renovation of Vientiane’s Chao Anouvong Stadium is on track and is expected to be completed by October 2026, the Ministry of Education and...

New Cross-Border Infrastructure Project to Strengthen Connectivity in Southern Laos

Authorities in Attapeu have officially launched construction of a major infrastructure project designed to improve cross-border transport and stimulate regional economic growth. The initiative...