
Laos SMEs Still Grapple with High Costs and Financing Gaps
A new report by the Asian Development Bank and the Lao National Chamber of Commerce and Industry reveals that Lao SMEs, especially women-led businesses, continue to face high operating costs and limited credit access. The findings highlight the urgent need for simpler public services, stronger financial support, and greater digital adoption.
This article requires PRO
This article is outside the free access window or is a special report. PRO unlocks it and the full archive.
Related articles
- Laos to Reopen Applications for Non-Bank Financial Institutions by End of 2026
The Bank of the Lao PDR plans to resume accepting applications for new non-bank financial institutions by the end of 2026, after a suspension earlier this year. The move aims to expand financial service access and revise regulations.
- Laos Economy Sees Simultaneous Slowdown in Output, Consumption, Investment in August
Laos' economy experienced a significant downturn in August, with industrial output falling 4.8% driven by the automotive sector. Retail sales also declined 1.8%, largely due to reduced spending on durable goods. Facility investment saw a steep 9.5% drop, marking a broad-based contraction across key economic indicators.
- Laos Orders Banks to Block Crypto Purchases on Unlicensed Foreign Platforms
The Bank of Lao PDR has instructed domestic banks to block card transactions on unlicensed foreign cryptocurrency trading platforms. This aims to protect customers from unregulated risks and stabilize the domestic financial system.
- Laos Seeks to Boost Local Economy Through Fisheries and Processing with Chinese Firm
A Fujian-based Chinese enterprise is developing an integrated business model encompassing aquaculture, processing, and logistics within Laos, contributing to local economic revitalization and job creation. This initiative aligns with the Laotian government's goals of 'people-centered development' and 'high-quality growth.'