Vientiane: The National Assembly of Laos has officially approved the government’s report on the Socio-Economic Development Plan, along with the state budget and monetary plan for the second half of 2025.

According to Lao News Agency, the approval was announced by National Assembly Secretary Amphayvone Lombounpheng during the ongoing 9th Ordinary Session of the 9th Legislature on June 26 under the chairmanship of National Assembly President Xaysomphone Phomvihane. The session emphasized the government’s commitment to national development through strategic priorities and achievements in the first half of the year. The country maintained internal peace, social order, and national unity, improving the quality of life for its citizens and laying a foundation for continued socio-economic progress.

The economy showed steady expansion with GDP growth projected at 4.5%, fueled by advancements in agriculture, industry, and services. Over 50% of planned budgetary targets have been achieved, with domestic revenue collection reaching approximately 56%, and administrative expenditures at 51%.

Inflation stabilized at around 11.7%, with exchange rates showing signs of improvement, supporting the stability of the Lao national currency, kip. Export revenue accounted for roughly 72% of trade turnover, and total foreign trade volume reached approximately USD 6.2 billion, with imports making up USD 4.7 billion, reflecting growth in the industrial sector. The import-export balance remained stable within a five-month range.

The Assembly also endorsed measures to deepen policy implementation and promote long-term growth, including ensuring sustainable development, upgrading infrastructure in emerging urban areas to enhance regional connectivity, accelerating key project implementation, ensuring timely completion, and improving salary policies and living standards. The plans will guide national development through the end of 2025, addressing challenges and fulfilling development targets.