At the September monthly cabinet and provincial meetings, the Government of Laos reaffirmed its commitment to strengthening the country’s economy, accelerating infrastructure development, and reinforcing national stability as key priorities.
Economic indicators from August pointed out positive momentum for Laos’s economy as the inflation rate fell to 5 percent, while foreign reserves covered approximately 5 months of imports. Budget revenue reached about LAK 47 trillion (USD 2.1 billion), or 69 percent of the annual target. The Ministry of Finance and the Bank of Lao PDR commit to taking stronger actions to address the ongoing economic challenge of inflation and stabilize the exchange rate and foreign reserve as part of broader macroeconomic management.
In the agriculture sector, rice cultivation reached 97 percent of the seasonal goal, while cash crop earned over USD 88 million and livestock exports brought in USD 1.16 million. To support continued economic growth, the Ministry of Industry and Commerce is working on lowering essential goods production costs, which includes rice production, balancing supply and demand, and reducing non-essential imports.
Meanwhile, the Ministry of Public Works and Transport has been tasked with expediting road construction, repairing flood-damaged infrastructures, and maintaining seamless inter-provincial connectivity to facilitate domestic trade and support economic activities.
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