Economy and commerce

Inflation rate closes in on two digits

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 ...

Souksakhone Vaenkeo

Sound Public Financial Management Key to Economic Recovery in Lao PDR

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 ...

KPL

Laos’ Surging Inflation a Cause for Concern

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, ...

Latsamy Phonevilay

Govt aims for annual GDP growth of at least 4 percent

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 ...

Somsack Pongkhao

Govt launches online visa application portal as Covid curbs eased

The government has authorised the Ministry of Foreign Affairs to issue entry visas for certain groups who have registered through the QR-Code (Vaccine-ID) on the website: ‘laogreenpass.gov.la’ without having to request approval from the Covid-19 taskforce.  The new ruling applies to foreign diplomats, employees of ...

Times Reporters

Ministry gives green light to gold mining operation

The government has authorised a local company to mine gold ore on a 18.28 square-kilometre site over a period of 20 years. The company will invest about US$46 million in the mining operation and build an international standard factory on the site. The company has ...

Times Reporters

Korean Investment Sought in That Luang Lake Special Economic Zone

Korean real estate investment firm D&C Mineun held a week-long promotional seminar in Vientiane from 13 to 16 November where investors could discuss business opportunities within the That Luang Lake Special Economic Zone. Tax breaks and other incentives have been promised by the government of ...

Latsamy Phonevilay

Govt to push businesses to boost production for Chinese market

The government is set to hold talks with business operators to encourage them to produce more of the goods required by Chinese buyers. The government’s plan to promote commercial production associated with the Laos-China railway, which is scheduled to come into service next month, to ...

Secretary General Thongloun urges greater attention to guiding the implementation of the resolution

The 3rd Plenary Meeting of the 11th Central Committee of the Lao People’s Revolutionary Party was held between Oct 18-22 in Vientiane under the presidency of Secretary General Thongloun Sisoulith. They noted that the most noticeable action taken in the past months was the designation of ...

KPL

World Bank highlights opportunities and challenges for Lao economy

The Lao economy is projected to steadily recover in the medium-term, but growth will remain below pre-pandemic levels at 4.5 percent in 2022. The Lao economy is projected to grow at 3.6 percent, down from the 4 percent growth anticipated in March 2021. The main risks ...

Somsack Pongkhao

Contact us

Contact us

Do you have questions on the content published by Open Development Laos? We will gladly help you.

Have you found a technical problem or issue on the Open Development Laos website?

Tell us how we're doing.

Do you have resources that could help expand the Open Development Laos website? We will review any map data, laws, articles, and documents that we do not yet have and see if we can implement them into our site. Please make sure the resources are in the public domain or fall under a Creative Commons license.

File was deleted
ERROR!

Disclaimer: Open Development Laos will thoroughly review all submitted resources for integrity and relevancy before the resources are hosted. All hosted resources will be in the public domain, or licensed under Creative Commons. We thank you for your support.

7aK3d
* The idea box couldn't be blank! Something's gone wrong, Please Resubmit the form! Please add the code correctly​ first.

Thank you for taking the time to get in contact!