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Laos economy

Ratings Agency Announces Pending Withdrawal of Rating for Laos
August 31, 2022

Ratings Agency Announces Pending Withdrawal of Rating for Laos

By Sebastian Strangio
The decision by the Fitch ratings agency testifies to the depth and unpredictability of the country's current economic crisis.

Why Vietnam Should be Worried About Laos’ Economic Crisis
July 22, 2022

Why Vietnam Should be Worried About Laos’ Economic Crisis

By Khang Vu
The country's travails could deepen China's influence and destabilize the longstanding alliance between Hanoi and Vientiane.
Inflation in Laos Reaches 22-Year High as Economic Crisis Worsens
July 06, 2022

Inflation in Laos Reaches 22-Year High as Economic Crisis Worsens

By Sebastian Strangio
Ordinary people are struggling to keep pace with precipitous increases in the price of petrol, cooking oil, and other basic necessities.

Laos Is On the Brink of Sovereign Bankruptcy
June 28, 2022

Laos Is On the Brink of Sovereign Bankruptcy

By Luke Hunt
Debt, wealth inequality, and corruption will keep the country poor.

In Laos, Prime Minister Phankham Viphavanh Is In Trouble
June 23, 2022

In Laos, Prime Minister Phankham Viphavanh Is In Trouble

By David Hutt
Since he took the reins last year, the country's economy has entered a downward economic spiral with no clear end in sight.

Fuel Shortages Threatens Rural Crisis in Laos
June 03, 2022

Fuel Shortages Threatens Rural Crisis in Laos

By Sebastian Strangio
A candid report in a sedate state-run newspaper hints at the seriousness of the country’s economic problems.

What’s Causing the Currency Crisis in Laos?
May 31, 2022

What’s Causing the Currency Crisis in Laos?

By James Guild
Mounting foreign liabilities and thin foreign exchange reserves have left the nation of 7 million acutely vulnerable to global financial shocks.
Lao Economy Grinding to a Halt as Fuel Crisis Deepens
May 11, 2022

Lao Economy Grinding to a Halt as Fuel Crisis Deepens

By Sebastian Strangio
A plummeting currency, dwindling foreign reserves, and a spike in global oil prices have led to shortages across the country.

Despite Crime Concerns, Laos Authorizes Cryptocurrency Trial
September 16, 2021

Despite Crime Concerns, Laos Authorizes Cryptocurrency Trial

By Sebastian Strangio
But little good will come from authorizing the mining and trading of the volatile digital currencies.

Laos Introduces Two-Week Lockdown to Contain Rare COVID-19 Outbreak
April 23, 2021

Laos Introduces Two-Week Lockdown to Contain Rare COVID-19 Outbreak

By Sebastian Strangio
The outbreak comes after a year in which the Southeast Asian nation mostly evaded the coronavirus.

Chinese Casino Magnate’s Empire Set to Expand in Laos
April 08, 2021

Chinese Casino Magnate’s Empire Set to Expand in Laos

By Sebastian Strangio
The businessman Zhao Wei has established close relationships to Laos's communist elite.
Laos’ Austerity Fantasies Reveal the Communist Party’s Weaknesses
March 26, 2021

Laos’ Austerity Fantasies Reveal the Communist Party’s Weaknesses

By David Hutt
Ballooning external debt and growing fiscal deficits augur political storm clouds for the ruling LPRP.

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