Socio-Economic Development

Laos Economy Grows 4.8 percent in Nine Months, but Inflation, Tourism Lag

Laos’ economy grew 4.8 percent in the first nine months of 2026, Prime Minister Saleumxay Kommasith told lawmakers on 5 October, crediting manufacturing, private investment, electricity, trade and tourism-related services. Saleumxay delivered the figure on the opening day of the second ordinary session of the 10th National Assembly, which runs...

Lao Migrant Workers Send Home USD 500 Million in First Seven Months of 2026

Lao migrant workers sent an estimated USD 500.7 million back to Laos during the...

Thailand Approves Loan for New Mekong Bridge in Luang Prabang

Thailand’s Cabinet approved financial assistance for the Lao government to construct the Xiengman-Luang Prabang...

Business, Labor Experts Talk Responsible Business Standards as Laos Prepares for LDC Graduation

Business and labor experts met in Vientiane on 3 September to discuss standard guidelines...

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...

Laos Exceeds 2025 Tax Revenue Target

Laos’ tax sector collected LAK 22.85 billion (USD 1.06 million) in revenue in 2025, exceeding its annual target, according to the Ministry of Finance. The...

Laos Inflation Falls to 7.7 Percent in 2025, Showing Signs of Economic Stabilization

Laos’ average inflation fell to 7.7 percent in 2025, down sharply from 23.13 percent in 2024, according to the Bank of the Lao PDR...

Laos Targets 6 Percent Economic Growth in 2026 Amid Reforms, Election Preparations

The Lao government has set a target of at least six percent economic growth in 2026, supported by fiscal reforms, major infrastructure projects, and...

Asia Development Bank Backs Urban Planning for Resilient and Sustainable Cities in Laos

The Asian Development Bank (ADB) has approved a USD 700,000 grant to support feasibility studies and project preparation for more resilient and sustainable urban...

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...