Vietnam, Laos Eyeing Expanded Trade, Investment Cooperation Ahead of PM's Visit
Economy

Vietnam, Laos Eyeing Expanded Trade, Investment Cooperation Ahead of PM's Visit

Vietnam and Laos are strengthening their trade and investment ties, with both nations working to enhance trade agreements and infrastructure. They aim to reach $10 billion in bilateral trade by 2030. Vietnam remains the second-largest investor in Laos, with deepening cooperation in energy and agriculture.

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  • Laos, Vietnam Pledge to Deepen Investment Cooperation

    Laos and Vietnam agreed to deepen investment cooperation at a promotion conference, aiming to strengthen economic ties. Vietnam is the largest investor in Laos, and further expansion in sectors like high-tech agriculture and clean energy is anticipated.

  • BOL Tightens Forex Controls, Promotes Kip Use to Curb Inflation

    The Bank of the Lao PDR (BOL) will intensify monetary management, strengthen foreign exchange controls, and promote wider use of the kip to curb inflation and maintain macroeconomic stability. The central bank outlined specific monetary policies and measures to increase foreign currency inflows to meet its inflation target for 2026.

  • Laos EV Imports Surge 107% as Clean Energy Shift Accelerates

    Laos saw a 107% surge in electric vehicle (EV) imports, reaching 8,330 units in the first eight months of 2026. This acceleration towards clean energy and reduced fuel import reliance means EVs now constitute 29.7% of all new energy vehicle imports.

  • Laos Strengthens Measures to Stabilize Fuel Supply and Prices

    Amidst global tensions impacting fuel supply chains, the Laotian government has announced new measures to stabilize fuel availability and prices. These include diversifying import sources, increasing strategic reserves, and enhancing market oversight to mitigate risks to the economy and citizens' livelihoods.