The Asian Development Bank (ADB) has lowered Laos’ 2025 GDP growth forecast from 3.9 percent to 3.7 percent, citing debt vulnerabilities, weak demand, and trade tensions.
The ADB’s September report notes that despite resilience in key sectors, ongoing fiscal and external challenges continue to weigh on the economy.
Despite these headwinds,...
Cambodia has officially withdrawn from the regional development pact with neighboring Laos and Vietnam. The decision was announced by Cambodian Prime Minister Hun Manet...
The Ministry of Labor and Social Welfare has announced a new minimum wage policy, aiming to support workers facing economic challenges due to rising...
European Union (EU)-ASEAN businesses and cooperation agencies discussed the opportunities and challenges of ASEAN’s green transition in the Partners’ Dialogue forum with the Delegation...
On 24 September, the StarExpress, a new cross-border tourist train, launched its inaugural journey from Kunming, China, to Luang Prabang and Vientiane, Laos.
This new...
Laos’ Salavan Province and Thailand’s Ubon Ratchathani Province have agreed to enhance cooperation on water transport, aiming to improve regional connectivity through key international...