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...

Rising Prices in Laos Push More into Self-Employment, Work Abroad, World Bank Says

World Bank Lao PDR - Inflation in Laos is eroding living standards and reshaping the job market, according to the latest World Bank Household...

Vietnam Revives Nuclear Power Plans in New Energy Pact with Russia

Vietnam is reigniting its nuclear energy ambitions through a new partnership with Russia, as both countries agreed to accelerate talks on building nuclear power...

Laos, United States Celebrate Groundbreaking of New Lao Customs Headquarters, Training Facility

On 14 May, constructions of a new headquarters and training facility for the Lao Customs Department began in Vientiane.   The USD 8 million project, funded...

Vietnam National University to Cut Bachelor’s Degree Duration to Three Years

Vietnam National University, Hanoi (VNU-Hanoi) aims to introduce a new undergraduate model, reducing the standard study duration from four to three years, starting in...

Six Dead from Poisonous Mushrooms: Xayabouly Health Authorities Issue Urgent Warning

On 13 May, the Xayabouly District Health Office issued a public warning following a series of mushroom poisoning cases that have resulted in six...

Laos Launches Halal Certification Project to Boost Exports

Lao Micro, Small and Medium Enterprise (MSMEs) Promotion Agency has initiated a project to enhance the productivity of local manufacturers to meet Halal certification...