The inflation rate in Laos in December was higher than any other month in 2021, climbing to 5.3 percent. Increasing inflation has had a direct effect on the cost of living in Laos, Lao Youth Radio reports. According to the Lao Statistics Bureau, the inflation rate in October was 4.72%, increasing to 5.04% in November before reaching […]
Read MoreThe government of Laos has banned the import of certain types of farm produce, livestock, and fish, hoping to spur domestic production. In an urgent attempt to promote domestic production and boost the economy, Laos has banned the import of certain types of agricultural produce, including livestock and fish, Vientiane Times reports. Crops that may no longer […]
Read MoreThe government has banned the import of certain types of agricultural produce, livestock and fish, aimed at spurring the farming of these crops and animals in Laos to boost the economy and generate more revenue for farmers. In terms of crops, the government has named cabbage, garlic, onions, pepper, lettuce and white cabbage as crops […]
Read MoreThe Lao government has announced that it will attempt to lower its fiscal deficit to just 3.098 trillion kip ($275 million) this year, which is equal to 1.61 per cent of the gross domestic product (GDP). The pledge comes as the government continues to ease budgetary tensions and minimise its public debt burden at a […]
Read MoreIn 2022, Laos is predicted to export just 20,000 tons of coffee, down from 30,000 tons in 2021, KPL reports. President of the Lao Coffee Association, Mr. Sinouk Sisombat, said on Friday due to the volatility of the global coffee market, Lao coffee output has decreased, while the number of coffee plantations has decreased, with gardeners […]
Read MoreVang Vieng Station in Vientiane Province has commenced providing freight services along the Laos-China Railway. The station began the provision of freight services this week in order to meet increased demand, according to the railway operator. Vang Vieng Station, located along Route 13 in Vang Vieng District, Vientiane Province, features a cargo yard with two […]
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