Socio-Economic Development

Laos Inflation Reaches 7.7% in August, Remains Above Target

Laos’ inflation rate reached 7.7 percent in August, a slight increase from 7.6 percent in July, while average inflation for the first eight months of the year stood at 7.9 percent. Housing, water supply, electricity and cooking fuel recorded the largest increase, rising 30.2 percent from the same period last...

Laos Tightens Foreign Borrowing Rules as Debt Risks Persist

Laos has tightened controls on foreign borrowing as the government seeks to limit debt...

Laos Economy Grows 5% in Year’s First Half, Government Holds to 6% Target

Laos’ economy expanded 5 percent in the first half of 2026, helped by a...

Laos Moves to Update Electricity Law for Energy Sector Shift

Laos is moving to update its electricity sector as the government prepares to adopt...

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...

Laos Targets Upper-Middle-Income Status by 2055

Laos has set a long-term goal to become an upper-middle-income country and move closer to high-income status by 2055, according to a strategic roadmap...

Vientiane’s Wat Tay Canal Could Become Floating Night Market Under New City Proposal

Vientiane is considering a proposed floating night market project along the Wat Tay canal in Sikhottabong district to boost tourism and the nighttime economy. Following...

Laos’ Inflation Reaches 5.6 Percent in December 2025, Utilities Drive Price Pressures

Laos’ inflation rate stood at 5.6 percent in the last month of 2025, reflecting continued price pressures driven mainly by higher electricity, water, and...

Attapeu Reports Major Poverty Reduction, 29,289 Families Lifted

Attapeu Province has lifted 29,289 families out of poverty, according to Chairman of the Attapeu Provincial Administrative Committee Tanuxay Chandanalith, who presented the update...

Laos Provides USD 1.93 Million to Boost Sustainable Rice, Vegetable Farming

On 24 December, the Ministry of Agriculture and Environment provided USD 1.93 million in funds and support to 85 small-scale rice and vegetable production...

Asian Development Bank Approves Funds for Forestry Restoration Project in Laos

The Asian Development Bank (ADB) has approved USD 10 million in funding for the Responsible Forestry Project Phase I in Laos. The package includes...