Economics11/18/2024 2:36:30 PM
The Lao government anticipates that the national gross domestic product (GDP) will grow by 4.6% in 2024, surpassing the National Assembly’s approved target of 4.5%.
Economics11/17/2024 10:16:42 PM
The ceremony for the Phase 1 production launch and capacity expansion of investment projects in the Asia-Potash International Intelligent Industrial Park took place on November 16, 2024.
The launching event was attended by Prime Minister Sonexay Siphandone, along with other Party and government leaders, ministers, provincial governors, senior executives of the Asia-Potash International, and other relevant parties.
Economics11/11/2024 4:35:18 PM
The Lao-Chinese Business Forum took place on November 9, 2024, in Hangzhou, Zhejiang Province, China.
The event saw participation from government and business representatives from both Laos and Zhejiang Province, China, with Prime Minister Sonexay Siphandone delivering the keynote address.
Economics11/11/2024 4:05:53 PM
Betagro Public Company Limited, or "BTG," inaugurated last week its first animal feed factory in the Lao PDR.
The factory, established with an investment of over 650 million baht, uses advanced technology in animal feed production and resource management, with an annual production capacity of 108,000 tons.
Economics11/8/2024 9:44:41 AM
Vientiane, Nov 7, 2024 – Laos’ economy has shown slight growth this year, but a heavy debt burden and ongoing macroeconomic instability continue to limit its potential, according to the World Bank's latest Lao PDR Economic Monitor: Reforms for Stability and Growth.
Economics11/7/2024 5:57:21 PM
Laos' inflation rate saw a slight decline in October, dropping to 20.7% from 21.7% in September and 24.3% in August, according to a report from the Lao Statistics Bureau.
Economics11/5/2024 9:49:46 AM
Lao People’s Revolutionary Party Secretary General and President Thongloun Sisoulith urged swift action on the nation’s economic challenges, emphasizing that these issues "can no longer be left unaddressed.
