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 Approves New Dry Port Project in Bolikhamxay

Laos has taken a new step toward becoming a regional trade hub by leasing land for a new dry port next to the 5th...

Laos to Launch New Greenhouse Gas Emissions Inventory Ahead of COP30

Laos has launched a renewed effort to transform its energy sector as part of its broader commitment to tackling climate change. At a national workshop...

Luang Namtha Plans Restoration of Tad Nam Dee Waterfall After Storm Damage

Authorities in Luang Namtha Province are reviewing plans to restore the Tad Nam Dee Waterfall, a popular natural tourist site, following significant damage caused...

Vientiane South Station Drives Southeast Asia’s Fruit Logistics

Laos’ Vientiane South Station has become a crucial regional fruit distribution center, now handling over 2,000 tons of tropical fruit daily.  According to the Lao-China...

Goods Prices Stay High in Laos Despite Slight Dip in Inflation to 11.1% in April

Laos’ inflation rate edged down slightly to 11.1 percent in April, a modest decline from 11.2 percent in March and 12.7 percent in February,...

Xieng Khouang Airport to Reopen in June, Defense Ministry Says

Xieng Khouang Airport, also known as Thong Hai Hin Airport, is expected to reopen in June 2025 after a year of renovation, as its...