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...

Vang Vieng Aims for 2 Million Tourists, Infrastructure Focus

Vang Vieng, Laos, has set a target to attract 2 million tourists in 2025, with an expected income of LAK 1,700 billion (USD 78.6...

Luang Prabang Declared Poverty-Free Amid Economic Growth

On 3 March, Luang Prabang City was officially declared poverty-free, as announced by Mayor Viengthong Hatsachan. The declaration follows significant improvements in infrastructure and...

Laos, China 500kV Link to Drive Clean Energy Growth and ASEAN Connectivity

On 26 February, Laos launched the Lao-China 500-kilovolt Interconnection Project with a ceremony in Vientiane Capital. This project is part of a broader effort...

Laos Added to Financial Grey List as Concerns Grow

The Financial Action Task Force (FATF) has added Laos to its grey list due to concerns over financial crime enforcement, while the Philippines successfully...

Laos Lifts 31,000 Families from Poverty Amid Skepticism

By Kheuakham Chanlivong and Phontham Visapra Laos has lifted 31,232 families out of poverty, reaching 89.23 percent of its 2024 target. The progress was shared...

Luang Prabang Seeks Visa Waiver Extension for More Chinese Tourists

Luang Prabang Province is calling for the Lao government to extend visa waivers for Chinese tourists, aiming to boost tourism and enhance visitor experiences...