Economy

Lao Scholar Draws on History to Explore What Makes a Country ‘Great’

In many Lao communities, temples are among the cleanest places around. People sweep the grounds, tend to the gardens, and take care of the buildings. There is a shared understanding that these places are sacred, belong to everyone, and that caring for them is a collective responsibility. But why doesn't...

Laos’s Credit Rating Upgraded After Bond Sale, Hong Kong Tax Pact

Laos has received a credit rating upgrade after issuing a USD 500 million international...

Laos Eyes 500MW Renewable Electricity Export to Singapore

Laos is eyeing a major expansion of its clean energy exports following a proposed...

Laos Orders Local Trade Offices to Stop Restricting Business Competition

The Ministry of Industry and Commerce has ordered trade offices nationwide to stop imposing...

Laos Inflation Eases to 7.7 Percent as Electricity Costs Remain High

Laos’ inflation edged down to 7.7 percent in October from 7.8 percent in September,...

International Monetary Fund Says Lao Economy to Grow by 4.5 Percent in 2026

The International Monetary Fund (IMF) has projected that Laos’ economy will expand by 4.5 percent in 2026, supported by stronger exports, rising tourism, foreign...

Laos Intensifies Efforts to Boost Investment from China’s Yunnan Province

Laos is intensifying efforts to attract investment from China’s Yunnan province as the two nations work to strengthen trade, transport links, and broader economic...

Lao Central Bank Cuts Base Interest Rate to Support Economic Growth

The Bank of the Lao PDR (BOL) announced on 20 November that it is reducing the 7-day base interest rate from 9% to 8.5%...

ADB Approves USD 36 Million to Boost Skills, Employment for Lao Youth

The Asian Development Bank (ADB) has approved a USD 36 million financing package to strengthen technical and vocational education and training (TVET) in Laos,...

Vietnam EV Maker VinFast Reports USD 900 Million Quarterly Loss

AFP - Vietnam's first homegrown electric vehicle manufacturer VinFast reported on 21 November a net loss of more than USD 900 million in the third...

Laos Launches Major Local Government Shake-Up with 640 New Sub-Districts

The government has greenlighted a nationwide overhaul of local governance, approving the establishment of 640 new sub-districts, or Tasseng, which will replace villages as...