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Vietnam, Philippines Reach Upper-Middle-Income Status as Laos Eyes 2035 Target

Vietnam and the Philippines have been reclassified as upper-middle-income economies by the World Bank, leaving Laos, Cambodia, Myanmar, and Timor-Leste as the only ASEAN members still in the lower-middle-income category. The annual income classifications, released on 1 July, place seven of ASEAN's 11 members in the upper-middle-income bracket or higher....

Former EDL Executives, Senior Officials Get Life in Landmark Laos Corruption Cases

On 1 July, the Vientiane Capital People’s Court announced verdicts in four major corruption...
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Vientiane Completes New 9.3-Kilometer Mekong Embankment

On 1 July, Vientiane officially opened a new 9.3-kilometer stretch of Mekong riverfront featuring...
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China-Laos Low-Carbon Project Expected to Cut Emissions by More Than 1,200 Tons Annually

The Vientiane-Saysettha Low-Carbon Demonstration Zone is expected to reduce carbon emissions by more than...
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Lao President’s Book Donated to 22 Lao Schools Across Vientiane

More than 22 schools across Vientiane Capital received copies of President Thongloun Sisoulith’s memoir...
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Vang Vieng Gears Up for USD-216M Tourism Overhaul as Old Airport Transforms

Preparations are underway for a USD 216 million tourism complex at the old airfield in Vang Vieng. Lao Yijin Group Co., Ltd. is leading the...

Bank of Laos Responds to EU Sanctions Against Lao Bank

The Bank of Laos (BOL) has publicly addressed European Union (EU) sanctions imposed on the Joint Development Bank (JDB), which threatened the bank’s international...

Laos Inflation Drops to 9 Percent, But Living Costs Remain High

Laos recorded an inflation rate of 9 percent in May, down from 10.2 percent in April, marking the first slowdown in consumer price growth...

Laos, Cambodia Advance ASEAN Power Grid

On 25 May, Laos and Cambodia signed a joint framework agreement in Phnom Penh to launch a feasibility study on a cross-border power grid...

European Union Sanctions Lao Bank JDB Over Alleged Russia Ties

The European Union has sanctioned the Lao-based Joint Development Bank (JDB), marking the first time the bloc has targeted a Lao financial institution as...

Laos Halts Fossil Fuel Vehicle Imports, Sets Price Controls for Electric Cars

The Lao government has announced the suspension of imports of most fossil fuel-powered vehicles until the end of 2026 and imposed strict price controls...
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