National Assembly Urges Government to Accelerate Economic Growth and Structural Reforms

06/07/2026 20:16
Email Print 1096
KPL The National Assembly Standing Committee has called on the Government to accelerate socio-economic development, maintain macroeconomic stability, and implement structural reforms to achieve the country's 2026 development targets.

The recommendations were presented by National Assembly Vice President Vilayvong Bouddakham during the First Extraordinary Session of the 10th National Assembly after Prime Minister Sonexay Siphandone delivered the Government's mid-year report on the implementation of the National Socio-Economic Development Plan.
The committee urged the Government to strengthen investment in priority sectors, particularly agriculture, food security, agro-processing, and manufacturing, while shifting from project-based development to integrated value-chain production that links farming, processing, transport, and markets. It also called for greater support for the National Agenda on Rural Development and Poverty Reduction to generate sustainable incomes for local communities.
Lawmakers recommended increasing value-added production by reducing exports of raw agricultural products, minerals, and electricity, while promoting domestic processing industries and protecting local producers. They also called for stricter oversight of the mining sector, including gradually ending raw ore exports to encourage domestic smelting and mineral processing.
The committee reaffirmed the importance of developing the energy sector, with a focus on clean and reliable electricity generation, strengthening domestic energy security, and advancing Laos' ambition to become a regional electricity trading hub.
Members also urged the Government to accelerate road construction and maintenance, improve education and healthcare services—particularly in rural areas—and address shortages of teachers and medical personnel. They called for continued implementation of education reforms, preparations for the new academic year, and the nationwide establishment of sub-district administrations by mid-2027.
The committee further encouraged the Government to expand tourism by promoting eco-tourism, community-based tourism, cultural heritage, and traditional festivals to strengthen the sector's contribution to national economic growth.
KPL

Communiqué de presse

    • World Bank Projects Moderate Growth for Laos as Global Risks PersistEconomics

      World Bank Projects Moderate Growth for Laos as Global Risks Persist

      7/9/2026 4:29:50 PM

      The World Bank has projected that the Lao economy will grow by 3.8 percent in 2026, warning that recent macroeconomic improvements remain fragile amid renewed global uncertainty and rising oil prices.

    • Multiple Factors Prevent Goods Prices from Falling in Line with Fuel CostsEconomics

      Multiple Factors Prevent Goods Prices from Falling in Line with Fuel Costs

      7/7/2026 7:36:28 PM

      The Ministry of Industry and Commerce has attributed the continued high prices of goods and services, despite declining fuel prices, to a combination of economic factors, while reaffirming that strict measures are being implemented to strengthen price monitoring and protect consumers. Speaking during the First Extraordinary Session of the 10th National Assembly on July 7, Minister of Industry and Commerce Malaythong Kommasith said the slow adjustment in prices reflects several underlying factors.

    • Laos Records 5 Percent Economic Growth in First Half of 2026Economics

      Laos Records 5 Percent Economic Growth in First Half of 2026

      7/6/2026 2:13:18 PM

      The Lao economy grew by 5 percent in the first half of 2026, supported by continued expansion in the services, industry, tourism, and manufacturing sectors, Prime Minister Sonexay Siphandone told the ongoing Extraordinary Session of the National Assembly on July 6.

    • Korea–Laos Forum Promotes Cooperation in Sustainable Agriculture and InvestmentEconomics

      Korea–Laos Forum Promotes Cooperation in Sustainable Agriculture and Investment

      6/25/2026 2:08:19 PM

      More than 100 representatives from government agencies, international organizations, development partners, and private-sector companies from the Republic of Korea and the Lao PDR gathered in Vientiane for the 2nd K-GREEN AGRO PARTNERING Forum, a two-day event aimed at advancing bilateral cooperation in sustainable agriculture, agribusiness investment, and green growth.

    • BFL and IFC Corporation Join Forces to Boost SME Financing in LaosEconomics

      BFL and IFC Corporation Join Forces to Boost SME Financing in Laos

      6/18/2026 8:53:29 AM

      A major new partnership between Banque Franco-Lao Ltd. (BFL Bred Group) and International Finance Corporation (IFC) is set to strengthen financial support for small and medium-sized enterprises (SMEs) across the Lao PDR, opening new opportunities for businesses that are vital to the country’s economic future.


Top