Economy and commerce

A recent announcement from the ministry states that the Decision applies to individuals, legal entities, and organizations being operated in Laos by foreigners, stateless persons, and foreign-Lao nationals. Lao nationals can conduct land use rights business, land surveying services, land price evaluation, and other land-related services ...

Residents of Vientiane are concerned about another fuel shortage with several petrol stations in the city being closed since Monday.However, the concerned sectors have issued reassurances that fuel will soon be available in sufficient quantities to meet daily demands. The fuel shortage has occurred at ...

The commitment to stabilizing the economy was one of 13 issues the cabinet identified as requiring immediate attention during a two-day open government meeting that ended on Friday.The government resolved to use various means to try to solve the problem of public debt, especially debt created by ...

As the only landlocked country in South East Asia, Laos depends on neighbouring countries’ infrastructure to import and transport its goods. As a result, the success or failure of Laos depends on the efficiency of these countries’ infrastructure networks. Laos’ international logistics system largely depends ...

Inflation continues to spiral out of control in Laos, with the country’s Statistics Bureau announcing this week that the country’s year-on-year inflation had risen to a 22-year high of 23.6 percent in June. According to a report in the state-run Vientiane Times, the consumer price index ...

The Lao kip has plunged to a record low in recent days against the US dollar and Thai baht despite the government’s attempts to stabilise currency exchange rates.The value of the national currency has nosedived since the end of March, the Governor of the Bank ...

The year-on-year inflation rate in Laos surged to 9.9 percent in April, the highest figure recorded since January 2016, according to the latest report from the Lao Statistics Bureau. The consumer price index jumped at its fastest pace in recent months, further putting the squeeze ...

The economy of the Lao PDR is forecast to grow 3.4% this year and 3.7% next year thanks to the country’s investments to boost exports, according to the Asian Development Outlook (ADO) 2022 released by the Asian Development Bank (ADB) on Apr 6.Rising oil prices ...

Inflation in Laos is set to move beyond a six-year high, jumping from 6.25 percent in January to 7.3 percent in February, according to the Lao Statistics Bureau. While the government had set a target of at least 4% annual GDP growth from now through 2025, ...

The government has set an annual economic growth target of at least 4 percent from now until 2025, even though there is no indication as to when the Covid-19 outbreak will be contained. The agriculture sector is expected to grow at an average annual rate ...