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 Sets Ambitious Targets for Energy, Mining Sector

Lao Prime Minister Sonexay Siphandone has outlined a vision for the energy and mining sector, aiming to increase its contribution to 25 percent of...

Vientiane to Get Real-Time Bus Tracking with ViaBus

The Lao government is teaming up with Thailand to introduce ViaBus, a real-time bus tracking system designed to improve the efficiency of public transportation...

Lao Business Forum Highlights Progress, Challenges, Path Forward for Private Sector Development

At the 16th Lao Business Forum, held at the Don Chan Palace in Vientiane on 3 April, government officials, foreign diplomats, business leaders, and...

Trump’s New Reciprocal Tariffs Hit Laos, ASEAN Hard, Threatening Key Exports

Laos is among the countries most affected by the United States' recent announcement of new reciprocal tariffs, which President Donald Trump unveiled on 2...

France Funds 11 Lao Civil Society Projects for Gender Equality

As part of France’s commitment to gender equality worldwide, Siv-Leng Chhuor, Ambassador of France to Laos, signed the grant agreements on 27 March with...

Myanmar Earthquake Death Toll Tops 1,000, More Casualties Expected: Here’s What We Know So Far

LATEST UPDATE on 29 March at 12:48 PM The deadly 7.7-magnitude earthquake that rocked central Myanmar on 28 March has claimed the lives of at...