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Socio-Economic Development

EssilorLuxottica Expands in Laos with New High-Capacity Lens Facility

EssilorLuxottica, a global leader in the design, production, and distribution of ophthalmic lenses, optical equipment, and eyewear, including both prescription and sunwear, has strengthened its presence in the Asia-Pacific region with the opening of a new facility in Laos. On 11 June, the company inaugurated its second manufacturing site under...

Laos Targets Five Percent Annual Growth by 2030 Amid Economic Reforms

The Lao government has unveiled an ambitious strategy aimed at boosting national growth and...

Fake Facebook News Pages in Laos Mimic Real Media to Lure Victims in Online Scams

At first glance, everything looks real, the familiar logo, the breaking news post, the...

Vientiane, Kunming Hospitals Partner to Boost Cardiac Care in Laos

On 26 May, Mahosot Hospital in Vientiane Capital renewed its partnership with Fuwai Cardiovascular...

Laos Economy Shows Signs of Recovery Amid Fiscal Pressures

Laos’ economy is showing signs of recovery amidst a debt repayment peak, persistent inflation,...

China-Laos Railway Powers Trade, Transports Over 54 Million Tons of Goods

Since its inception in 2021, the China-Laos Railway has transported more than 54 million tons of goods and carried over 48.6 million passengers, strengthening...

Luang Prabang Earns Global Recognition for Sustainable Tourism

Laos’ popular world heritage town of Luang Prabang has clinched third place in the Green Destinations Top 100 Story Awards for “Destination Management” at...

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...