Keyword: "Laos economy"

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Thanaleng Vientiane Dry Port in Hadxaiphong district, in Vientiane capital of Laos (Photo: VNA)

Laos economy faces challenges after salary increases

According to the WB report, amid a fragile economic recovery, the salary increase is considered an important step to retain qualified civil servants while helping workers cope with rising living costs. Inflation in Laos remains high, reaching 10.2% in April due to the impact of the global fuel price crisis, directly affecting people’s livelihoods and real incomes.