THE Lao government has set a target of achieving an annual economic growth of at least five per cent from 2026 to 2030, as the economy shows signs of recovery despite ongoing challenges and global economic fluctuations.
This target is outlined in the draft 10th five-year national socioeconomic development plan for 2026-2030, reflecting the Lao government’s confidence in the nation’s economic recovery, Lao News Agency reported on Thursday.
After years of economic hardship caused by domestic challenges, the COVID-19 pandemic, natural disasters, and global conflicts, Laos has seen several economic indicators pointing to recovery.
In May 2025, inflation dropped to 8.3 per cent, marking the first single-digit rate since May 2022. Additionally, improved revenues, growth in agriculture, processing, and mining, along with a rebound in tourism and rising exports and services, are all positive signs of further economic recovery.
Xinhua
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