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...

United Nations Rights Review Applauds Laos’ Engagement but Flags Deep Concerns

On 29 April, the United Nations Human Rights Council commended Laos for collaborative participation in the Universal Periodic Review (UPR), but fundamental rights issues...

Celebrating 15 Years of Success: Nam Theun 2 Gala Dinner

On 30 April, Nam Theun 2 Power Company celebrated its 15th anniversary of operation with a grand gala dinner.  The event took place at the...

Thailand Urges Laos to Reconsider Sanakham Hydropower Dam Location

Thailand has formally called on Laos to reconsider the proposed location of the Sanakham Hydropower Project, planned between Xayaburi and Vientiane province of Laos,...

Laos Seeks Solutions to Address New United States Tariff Hikes

Laos' exports to the United States are expected to face significant impacts following the recently announced tariff increases, prompting the Lao government to seek...

Japan Honors Sonexay Siphandone with Order of the Rising Sun

On 29 April, the Japanese government announced that Grand Cordon of the Order of the Rising Sun is conferred on Sonexay Siphandone, Prime Minister...

Laos Expands Vocational Training to Curb Labor Shortage

The Lao government will introduce new vocational education programs in the 2024–2025 academic year as part of efforts to modernize education and address labor...