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...

Lao Brewery Company Steps Up Sustainability with Biomass Energy

Lao Brewery Company (LBC) is advancing its sustainability efforts with new green energy initiatives, reinforcing its commitment to the environment. As part of Carlsberg Group’s...

Largest Urban Rail Transit Project in Thailand Nears Completion

The double-track railway project between Lop Buri and Pak Nam Pho in Thailand is set to launch in mid-2025.  This major infrastructure project, part of...

Laos, Canada Strengthen Partnership Toward Canada-ASEAN Free Trade Agreement

On 18 February, the Embassy of Canada to Laos hosted a workshop in Vientiane Capital on emerging issues in the Canada-ASEAN Free Trade Agreement...

National University of Laos to Expands Student Housing with New Dormitory Project

The National University of Laos (NUOL) has announced plans to expand student accommodations at its main campus in Dong Dok village, Vientiane. On 18 February,...

Champasack Plans to Upgrade the Million-Year-Old Volcano Tourist Attraction from District to Provincial Level

Champasack Province is planning an upgrade for one of its most unique tourist destinations: the Million-Year-Old Volcano in Paksong District.  The site, which includes three...

Sikhai-Sikeuth Highway Upgrade to Complete by March End

The paving of the northern section of National Road 13’s 6.3-kilometer Sikhai-Sikeuth highway in Vientiane is nearing completion and is expected to be finished...