Lao Economy Grows, but Volatility Clouds Outlook

Lao Economy Grows, but Volatility Clouds Outlook

(KPL) The Lao economy is growing, driven by exports of services, electricity, mining, agriculture, and manufacturing, but inflation and labor shortages continue to threaten stability, according to a new report by the World Bank.

  • ASEAN Economic Ministers Meet with Special Dialogue PartnersEconomics

    ASEAN Economic Ministers Meet with Special Dialogue Partners

    5/22/2025 11:07:31 AM

    Lao Minister of Industry and Commerce Mr. Malaythong Kommasith, in his capacity as ASEAN Economic Minister for the Lao PDR, led the Lao delegation to participate in the ASEAN Economic Ministers’ Special Dialogue Partner Meetings via video conference on May 20, 2025. The meetings were held at the Ministry of Industry and Commerce in Vientiane.

  • Ho Chi Minh’s 135th Birth Anniversary Celebrated in VientianeEconomics

    Ho Chi Minh’s 135th Birth Anniversary Celebrated in Vientiane

    5/18/2025 9:41:26 PM

    The Vietnamese Embassy in Vientiane, in collaboration with business community, organized a singing contest at the National Cultural Hall, Vientiane, on May 16-17 to commemorate the 135th birth anniversary of President Ho Chi Minh, Vietnam’s revered revolutionary leader.

  • Lao Job Market Continues to Evolve Amid Rising Cost of LivingEconomics

    Lao Job Market Continues to Evolve Amid Rising Cost of Living

    5/15/2025 1:30:43 PM

    Inflation in the Lao PDR is eroding living standards and reshaping the job market, according to the latest World Bank Household Monitoring Survey. To cope with rising prices, more people are working, but with wages not keeping up with inflation, workers are turning to self-employment and migration to help support their families.

  • FM Joins OECD Southeast Asia Regional Forum in BangkokEconomics

    FM Joins OECD Southeast Asia Regional Forum in Bangkok

    5/4/2025 8:40:53 AM

    Minster of Foreign Affairs Mr. Thongsavanh Phomvihane led a Lao delegation to participate in the Organization for Economic Cooperation and Development (OECD) Southeast Asia Regional Programme 2025 Policy Dialogue, held in Bangkok, Thailand.

  • Laos Breaks Ground on $360 Million Hydropower Project for Vietnam ExportEconomics

    Laos Breaks Ground on $360 Million Hydropower Project for Vietnam Export

    4/30/2025 3:50:23 PM

    Laos launched construction of the 124 MW Nam Neun 1 hydropower plant, a key energy export project that will send electricity to Vietnam upon completion in 2028.

  • Phonesack Invests $4 Billion in Coal-Fired Power Plant to Boost Laos-Cambodia Energy ConnectivityEconomics

    Phonesack Invests $4 Billion in Coal-Fired Power Plant to Boost Laos-Cambodia Energy Connectivity

    4/10/2025 12:12:19 PM

    Phonesack Group held a groundbreaking ceremony on April 2 for a 4-billion-dollar coal-fired thermal power plant project in Kalum District, Xekong Province, southern Laos. The event was attended by Deputy Prime Minister Saleumxay Kommasith, the Minister of Energy and Mines, the Provincial Governor, and key guests from public and private sectors. The project is being developed by the Phonesack Group.

  • ADB, Lao PDR Collaborate to Host Workshop on Financing Resilient GrowthEconomics

    ADB, Lao PDR Collaborate to Host Workshop on Financing Resilient Growth

    4/3/2025 12:33:16 PM

    The Asian Development Bank (ADB), in partnership with the Ministry of Finance, organized the two-day Workshop on Scaling Up Financing for Resilient Growth in the Lao PDR, which brought together more than 100 senior government officials, development partners, and sector experts to discuss ways to drive resilient growth in the country in an integrated manner.


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