Economy

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...

Vientiane Completes New 9.3-Kilometer Mekong Embankment

On 1 July, Vientiane officially opened a new 9.3-kilometer stretch of Mekong riverfront featuring...

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...

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...

EDL to Purchase Rooftop Solar Electricity from Households

Electricité du Laos (EDL), the state power utility, announced a new nationwide policy to purchase electricity generated from residential rooftop solar systems, as part...

Laos Targets Nearly 10 Million Trees in Nationwide Reforestation Plan

Laos is stepping up nationwide reforestation efforts in 2026, with authorities across several provinces preparing to plant more than 10 million trees and restore...

Vietnam Breaks Ground on Expressway to Connect Vientiane

On 18 May, Vietnam began the construction of a 60-kilometer Expressway section in Nghe An Province connecting to the Laos border, in a long-planned...

Bank of Laos Maintains 7-Day Base Interest Rate at 8% Amid Rising Inflation

The Bank of Laos (BOL) confirmed it will maintain its 7-day base interest rate at 8 percent per annum following a half-day Monetary Policy...

Laos Signs Concession for 80MW Xekaman 4 Hydropower Project to Export Power to Vietnam

Laos has formalized a build-operate-transfer (BOT) concession for the 80-megawatt Xekaman 4 Hydropower Project in Sekong province, with all electricity generated designated for export...

Officials Link Pig Farm Wastewater to Mass Fish Deaths in Vientiane Province

Authorities in Vientiane Province have identified untreated wastewater from a pig farm as the primary cause behind the mass fish deaths reported along the...