Keyword: "Lao economy"

The Asian Development Bank (ADB) has launched a 2024–2028 country partnership strategy for Laos, aimed to lay the foundation for a more inclusive, sustainable, and resilient economy in the country.

The Lao People’s Revolutionary Party’s Central Committee has adopted a resolution on the implementation of stronger measures to rein in inflation and stabilise the Lao currency - the Kip.

The Asian Development Bank (ADB) has revised down its growth forecast for the Lao economy in 2023 to 3.7%, from a 4.0% projection released in April.

Despite challenges, Laos’s economy is projected to grow by 4.8% in the first six months of 2023, Lao Prime Minister Sonexay Siphandone has said.

Laos welcomed nearly 645,000 foreign tourists in the first nine months of 2012, meeting 71,64% of the yearly target, local media reported on December 8.

The Lao economy is expected to recover in 2023 thanks to measures to increase new investment and enhance the production of renewable energy and mining activities, according to the Asian Development Bank (ADB).

The Lao economy is projected to grow by 4.2 percent in 2022, driven by commercial production for exports and opportunities and benefits arising from the China-Laos Railway, reported Vientiane Times on December 17.

A ceremony was held in northern Thai Nguyen province on November 27 to mark the 45th National Day of Laos (December 2) and the 100th birth anniversary of the country’s late President Kaysone Phomvihane (December 13).

Economic growth in Laos has seen robust expansion compared to regional peers but the country is still at risk due to high public debt, with growth in the share of debt on less concessional terms, according to a report of the World Bank (WB).

The mining sector's contribution to the Lao economy will continue to drop over the coming years, according to an update on domestic economic prospects in 2018 and beyond of the Lao National Economic Research Institute.

The Lao Government has offered a number of non-tax incentives in a bid to promote the flow of foreign direct investment (FDI) in the country, reported the Vientiane Times on April 27.

The Lao economy is projected to grow around 7 percent annually between 2017 and 2019, according to the latest edition of the World Bank's Lao Economic Monitor released in Vientiane on May 24.

The World Bank (WB) recently forecast that the Lao economy would grow 7 percent in 2016 and 2017, ranking second in Southeast Asia, behind Myanmar.