Tourists visiting Laos. -- Photo: Xinhua
VIENTIANE (Vietnam News/ANN): Despite facing considerable challenges related to the economy, finance and currency, along with persistent social difficulties, Laos has successfully carried out the orientations and targets it set.
Economic growth has been maintained, macroeconomic fundamentals have remained largely stable, inflation risks have been contained, and key economic indicators have gradually recovered and strengthened.
Khamphan Pheuinhavong, Chairman of the Central Committee’s Commission for Propaganda and Training of the Lao People’s Revolutionary Party (LPRP), has highlighted the country’s notable achievements across all sectors over the past five years in an interview with Lao media ahead of the 12th National LPRP Congress.
He noted that despite facing considerable challenges related to the economy, finance and currency, along with persistent social difficulties, Laos has successfully carried out the orientations and targets it set. Economic growth has been maintained, macroeconomic fundamentals have remained largely stable, inflation risks have been contained, and key economic indicators have gradually recovered and strengthened.
Politically, Laos has firmly safeguarded its sovereignty and territorial integrity, maintained political stability, and ensured basic social order and security. The leadership role of the LPRP continues to receive strong public trust and support, he said.
Over the five-year period, Laos recorded average economic growth of 4.2%, with per capita income reaching US$2,138. Public debt management measures reduced the debt-to-GDP ratio from 112% to 88% by 2025. Inflation was brought under control, declining from 22.96% in 2022 to 8.3% in 2025, while state budget revenue exceeded targets for five consecutive years.
Trade performance was positive, with total turnover surpassing 84 billion USD. Exports exceeded 46 billion USD, imports stood at 37.9 billion USD, and the trade surplus topped US$8 billion.
The official also highlighted progress in social and cultural affairs, labour management, state apparatus organisation, improving the material and spiritual well‑being of the people, and foreign affairs. -- Vietnam News/ANN
