Economics7/7/2026 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.
Economics7/6/2026 8:16:17 PM
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.
Economics7/6/2026 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.
Economics6/25/2026 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.
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Economics6/18/2026 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.
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Economics6/14/2026 8:08:51 PM
Prime Minister Sonexay Siphandone used the Laos–Japan Business Meeting in Tokyo to encourage greater Japanese investment in the Lao PDR, highlighting opportunities in clean agriculture, manufacturing, renewable energy, infrastructure, logistics, and related services.
Economics6/3/2026 12:02:57 PM
The business environment in the Lao People’s Democratic Republic (Lao PDR) has shown modest improvement, but significant challenges remain in business registration, regulatory compliance and access to finance.
