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...

Vang Vieng Aims for 2 Million Tourists, Infrastructure Focus

Vang Vieng, Laos, has set a target to attract 2 million tourists in 2025, with an expected income of LAK 1,700 billion (USD 78.6...

Luang Prabang Declared Poverty-Free Amid Economic Growth

On 3 March, Luang Prabang City was officially declared poverty-free, as announced by Mayor Viengthong Hatsachan. The declaration follows significant improvements in infrastructure and...

Lao Journalists Go Green with Mass Media Environment Training

Reporters from various provinces in Laos have gained valuable insights into reporting on green and sustainable development, as well as gender equality, through the...

Lao Students Showcase Skills at Japanese Speech Event

On 1 March, the 22nd Japanese Speech Contest took place at the Lao-Japan Budo Center in Vientiane Capital. Japanese-language learners in Laos delivered speeches...

Laos, China 500kV Link to Drive Clean Energy Growth and ASEAN Connectivity

On 26 February, Laos launched the Lao-China 500-kilovolt Interconnection Project with a ceremony in Vientiane Capital. This project is part of a broader effort...

Bank of Laos to Enforce New Rules for Foreign Currency Accounts

The Bank of Laos (BOL) will introduce new regulations on foreign currency deposit accounts starting 5 April to improve transparency and ensure proper financial...