Economy

Lao Scholar Draws on History to Explore What Makes a Country ‘Great’

In many Lao communities, temples are among the cleanest places around. People sweep the grounds, tend to the gardens, and take care of the buildings. There is a shared understanding that these places are sacred, belong to everyone, and that caring for them is a collective responsibility. But why doesn't...

Laos’s Credit Rating Upgraded After Bond Sale, Hong Kong Tax Pact

Laos has received a credit rating upgrade after issuing a USD 500 million international...

Laos Eyes 500MW Renewable Electricity Export to Singapore

Laos is eyeing a major expansion of its clean energy exports following a proposed...

Laos Orders Local Trade Offices to Stop Restricting Business Competition

The Ministry of Industry and Commerce has ordered trade offices nationwide to stop imposing...

Laos Inflation Eases to 7.7 Percent as Electricity Costs Remain High

Laos’ inflation edged down to 7.7 percent in October from 7.8 percent in September,...

Australian Ambassador Pushes for Deeper Laos-Australia Economic Engagement

Australian Ambassador to Laos, Megan Jones, has called for stronger trade and investment ties between Australia and Laos, stressing the importance of opportunities in...

ASEAN Center for Energy Launches Net Zero Emissions Roadmap for Laos

In line with Laos’ commitment to achieving net-zero emissions by 2050, as outlined in its Nationally Determined Contribution (NDC), the ASEAN Centre for Energy...

Luang Prabang Economy Sees Steady Growth, Surpassing GDP Targets

Luang Prabang has experienced steady economic growth over the past five years, with an average annual growth rate of 6.9 percent.  The province's gross domestic...

Laos Signs Clean Energy Deal with Chinese, Singaporean Firms

Laos has taken another step toward expanding its clean energy sector by signing a USD 1.45 billion agreement with China Western Power Industrial and...

Laos Ranks 7th in ASEAN for Education Amid Thailand’s Rejection

Laos has been ranked 7th in ASEAN and 102nd in the world for education, according to the latest assessment by World Population Review.   The rankings...

Laos Achieves Trade Surplus of USD 310 Million in February

Laos recorded a trade surplus of USD 310 million in February, as the total value of imports and exports (excluding electricity) reached approximately USD...