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...

Landmark Partnership Propels Laos Towards Greener Future

The Central Bank of Laos (BOL) and the International Finance Corporation (IFC) inked an agreement on 12 December to boost their partnership in promoting...

ADB Greenlights Dual Funding Initiatives for Sustainable Urban Development in Luang Prabang

The Asian Development Bank (ADB) has approved two funding projects for the sustainable urban development of the Luang Prabang UNESCO World Heritage Site in...

Laos Joins Global Call for Action on Climate, Health Issues at COP28

Laos has joined 122 other countries in endorsing the Declaration on Climate and Health (COP28) at the 28th UN Climate Change Conference in the...

New Lao-Thai Friendship Bridge Project to Be Completed by End of 2024

Construction is currently underway for the 5th Lao-Thai Friendship Bridge Project, with an anticipated completion date set for the end of 2024, according to...

Laos Explores Rare Earth Token Project to Boost Economy

The Lao government is exploring the possibility of launching a pilot rare earth token project to generate more foreign currency and bolster the country's...

Laos, Australia Ink Agreement on Human Rights Cooperation

In a significant stride towards promoting and safeguarding human rights, the Australian Human Rights Commission has inked an agreement with the Lao Government and...