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, Japan Discuss Plans for Direct Flights, Visa Easing

Laos and Japan have upgraded their relationship to a Comprehensive Strategic Partnership, marking 70 years of diplomatic ties and paving the way for closer...

Japan Funds Teacher Training Facilities in Nine Provinces of Laos

Laos and Japan signed an agreement to provide grant aid aimed at enhancing Provincial Teacher Development Centers in Laos during a bilateral meeting held...

Heroes in Pink: Celebrating the Legacy, Future of Midwifery in Laos

Dubbed the “heroes in pink," Souksavanh Paserthsak has witnessed first-hand how midwives have evolved to save lives and support rights in Laos. As deputy director...

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...