In early 2025, the Lao economy showed signs of recovery amid many challenges and fluctuations in the global economy. In the first quarter of this year, the Lao economy achieved a growth rate of 4.5%. According to the latest report of the Government in May, the country's inflation rate decreased significantly to 8.3% in the month.
Vientiane (VNA) ✤- The Lao Government has targeted to achieve an economic growth of 5% and more in the 2026-2030 period.
This target shows the Lao Government's confidence in the recovery of its economy. According to the Lao Ministry of Planning and Investment, in 2024, Laos's Gross Domestic Product (GDP) grew by 4.6%, exceeding the National Assembly's target of 4.5%.
According to its new plan, Laos sets a target that the agricultural sector will grow by an average of 4.4%, accounting for 21.30% of GDP; the industrial sector will grow by an average of 5.1%, accounting for 31.5% of GDP; the service sector will grow by an average of 5.6%, accounting for 36.8% of GDP; while customs - taxation will grow by an average of 3.6%, accounting for 10.4% of GDP. By 2030, GDP per capita in Laos is expected to reach 2,983 USD.
In addition, the Lao Government initially aimed to collect 530.9 trillion LAK ( 24.6 billion USD) in budget revenue, equivalent to 20.5% of GDP. It also set an overall spending limit of 19.6% of GDP over five years, aiming for a single-digit inflation rate and 80% of people gaining access to financial services.
In early 2025, the Lao economy showed signs of recovery amid many challenges and fluctuations in the global economy. In the first quarter of this year, the Lao economy achieved a growth rate of 4.5%. According to the latest report of the Government in May, the country's inflation rate decreased significantly to 8.3% in the month. This is the first time Laos' inflation rate has dropped to single digits since May 2022./.
Nearly 200 Lao doctoral candidates, master’s students and undergraduate students are studying and conducting research within the Ho Chi Minh National Academy of Politics (HCMA)’s system.
The Lao government has approved a feasibility study for an expressway running from the capital Vientiane through the provinces of Xaysomboun, Xiengkhouang, and Houaphanh, to the Namsoi border gate bordering Vietnam
Key infrastructure projects include the opening of the 5th Thai–Lao Friendship Bridge between Bueng Kan and Bolikhamxay, to be completed by December this year.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
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Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Talking to the Vietnam News Agency on the occasion of the 100th anniversary of the Vietnam’s Revolutionary Press Day (June 21, 1925–2025), Nikulina, who is also a veteran journalist of Russia’s Sputnik News, emphasised the vital role of mainstream journalism in defending the truth and maintaining public trust.
