VIENTIANE: Laos aims to achieve an annual economic growth rate of six per cent between 2026 and 2030, Lao Prime Minister Sonexay Siphandone said at a key meeting. Sonexay made the remarks on Tuesday (Jan 6) while presenting his report on the 10th five-year socio-economic development plan for 2026-2030 at the 12th National Congress of the Lao People's Revolutionary Party. He noted that, through the collective efforts of all sectors, Laos has made significant progress in achieving the objectives of the ninth five-year plan for 2021-2025. During this period, the national economy recorded sustained, high-quality and stable growth, with an average annual growth rate of 4.24 per cent, surpassing the target of four perc ent. Founded in 1955, the Lao People's Revolutionary Party was originally known as the Lao People's Party before adopting its current name in 1972.

Source: The Star January 09, 2026 08:00 UTC