AGP Executive Report
Last update: 2 hours agoDomestic Production: Agricultural imports fell 50% to US$40 million in the first nine months of 2026, while food-crop output reached 2.33 million tonnes, 90% of the annual target. Agricultural and forestry exports hit US$1.39 billion, and processed industrial and handicraft production reached 75% of its target. Value-Added Industry: Laos plans to phase out raw-material exports and require new resource projects to process more at home, aiming to retain value, create jobs and increase public benefits. Mining output rose 5.7% year on year. Economic Stability: Inflation averaged 7.9% through September, above the National Assembly’s target. The central bank plans to curb credit growth while supporting lending for domestic production and targets inflation below 6% in 2027. Tourism Services: The Culture and Tourism Ministry is reviewing licensing responsibilities, with central authorities retaining oversight of foreign-invested businesses and international tour operations while local offices handle smaller operators.
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