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...

Laos Targets Five Percent Annual Growth by 2030 Amid Economic Reforms

The Lao government has unveiled an ambitious strategy aimed at boosting national growth and modernising key sectors as Laos continues to recover from years...

Asian Markets Wobble as Trump-Xi Talks Offset by Musk Row

AFP - Asian markets stuttered Friday as optimism from "very positive" talks between United States presidents Donald Trump and China Xi Jinping was wiped...

Lao Language Ranked ‘Moderately Difficult’ by US Foreign Service Institute

The Foreign Service Institute (FSI) of the United States Department of State has classified Lao as a “moderately difficult” language for native English speakers...

Laos to Upgrade National Road No. 12 in 2025, Enhancing Thailand-Vietnam-China Trade Link

Laos will begin upgrading National Road No. 12 in late 2025. The project, expected to take around 30 months, aims to improve the 147-kilometer...

China Launches Multi-Entry ‘ASEAN Visa’ to Boost Regional Ties

China has introduced a new “ASEAN Visa” for citizens of the ten Association of Southeast Asian Nations (ASEAN) member states and observer Timor-Leste, Chinese...

Laos Opens First Nutrition Training Center to Combat Child Undernutrition

The Lao government, in partnership with the Korea International Cooperation Agency (KOICA), has officially launched the country’s first Maternal and Child Nutrition Training Center...