The recent inflation rate published by the Bank of Lao PDR (BOL), shows signs of a weakening economy as year-on-year inflation rises. The year-on-year inflation rate from June this year was 28.64%, a significant decrease from last month‘s figure of 38.86%, but higher than last year’s rate of 23.61% for June. According to the Inflation Report by […]
Read MoreThe country saw two-way trade of USD 1.086 billion in May, with gold bullion and gold bars being the most exported items, according to the Lao Trade Portal (LTP). The nation’s exports were valued at approximately USD 520 million, while its imports were estimated at USD 567 million, resulting in a trade deficit of USD 47 […]
Read MoreLaos experienced its fourth consecutive fuel price hike in June due to inflation, the depreciation of the Laotian Kip (LAK), and the war in Ukraine, affecting businesses and consumers alike, with no clear solution in sight. The latest fuel price adjustment report has revealed a significant hike in fuel prices across Laos, varying slightly from province to […]
Read MoreThe Bank of Laos has issued a notice to provide better flexibility in foreign currency exchange rates to commercial banks as the LAK’s value continues to plummet. According to the notice issued by the BOL on 19 June, the price for purchasing and selling foreign currencies must not exceed BOL’s daily reference rate by +- 7.5%. Previously, […]
Read MoreNational Bank of Cambodia (NBC) will soon sign agreements with the Bank of the Lao P.D.R (BOL), the State Bank of Vietnam (SBV) and other countries in the region to boost the usage of the local currency in the economy through technological advancement that makes it easier for the people, said a senior official. The […]
Read MoreQuang Tri Province in central Vietnam has put forth a plan to construct a 160-kilometer conveyor belt for the transportation of coal from Laos. Vn Express reports that Vietnam’s demand for coal has been increasing steadily, leading to congestion and missed business opportunities at the La Lay border crossing in Dakrong district, where the infrastructure is unable […]
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