Economy

Global Financial Bodies Warns of Slower Growth, Higher Inflation for Laos in 2026

Laos' economy is expected to continue expanding this year, even as slower growth and inflation present challenges, according to a global financial institution. In its latest outlook released on 9 July, the Asian Development Bank (ADB) forecast that Laos’ economic growth will ease this year while inflation surges, driven largely...

Railway Expansion, Education Reform Among Key Issues at National Assembly

Expanding the railway to southern Laos, rolling out a new school system, reducing poverty,...

Laos Collects USD 12 Million in Digital Taxes From Global Tech Companies

Laos has collected approximately USD 12 million in digital taxes from global technology companies...

Laos Agricultural, Forestry Exports Top USD 1 Billion in First Half of 2026

Laos earned more than USD 1 billion from agriculture and forestry exports in the...

Champasak Signs Deal for New 5-MW Solar Power Project

Authorities in Champasak signed a concession agreement on 3 July with a private company...

Laos Launches New Initiative to Preserve, Enhance Traditional Medicine Production

On 20 January, the Institute of Medicine and Traditional Medicine under the Ministry of Health signed a new agreement with the Chanthabouly District Young...

Laos Mining Sector Attracts Over USD 2.4 Billion in 2024 Investments

Laos' mining industry attracted nearly USD 2.5 billion in investments in 2024, surpassing annual targets and showcasing the sector’s critical role in driving economic...

New Strategy Set to Streamline Trade, Logistics Operations in Laos

On 21 January, the Ministry of Industry and Commerce held a nationwide meeting to approve the draft Trade and Transport Facilitation Strategy 2025-2030. The...

Xekong Province Takes Action to Combat Growing School Dropout Rates

Xekong Province is stepping up efforts to address the rising school dropout rates, which continue to challenge local education systems, authorities said. Provincial officials are...

Families Settle into New Homes as Nam Khan 3 Hydropower Project Progresses

In Laos, the peaceful life of many villages is often disrupted by major infrastructure development projects aimed at promoting greater economic benefit. One such...

Luang Namtha Reports Over 20,000 Land Titles Destroyed in 2024 Floods

Luang Namtha Province experienced severe flooding in 2024, leading to significant destruction, including the loss of 20,000 land titles, according to the provincial authorities. The...