The Asian Development Bank (ADB) believes the Lao economy will see a gradual recovery next year, supported by new investment and higher renewable energy and mining output. “A consortium of lenders is preparing finance for the 600-megawatt Monsoon Wind project which, once completed, will export all the power it generates and be Southeast Asia’s biggest […]
Read MoreLaos recorded a trade deficit of USD 233 Million in September, according to the latest information from the Lao trade portal. The trade deficit has increased by USD 67 million since August, as Laos has been heavily relying on imports in significant areas like energy. During September Laos made imports worth USD 689 million and […]
Read MoreThe International Monetary Fund (IMF) is predicting that Laos will see economic growth of just 2.2 percent this year, before rising 3.1 percent in 2023 and 4.3 percent in 2027. The IMF’s October projection remained unchanged at 2.2 percent, which was also projected in July, but the figure was downgraded from 3.2 percent forecasted in […]
Read MoreThe Thai government has announced that it will provide work permits and visas to Lao nationals so that they can remain in the country legally and continue working for the next two years. The government is currently operating assistance centers across Thailand for helping Lao employees with purple cards (work permits) to continue working in the country […]
Read MoreEconomic growth in Laos is expected to be slower than forecast in April due to both external and internal factors, according to a report issued by the World Bank on Monday. The World Bank’s East Asia and Pacific October 2022 Economic Update lowered the gross domestic product (GDP) growth forecast for Laos in 2022 to […]
Read MoreLaos reported a trade deficit of USD 166 million in August as it imported substantially more goods than it exported from the country. There has been an increase in the trade deficit by USD 52 since July. According to the latest information from the Lao Trade Portal website, the overall value of Laos trade was USD […]
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