Abstract: Laos is a nation rich in historical background and culture. The earliest evidence of a united nation is during the ancient Laos kingdom of Lan Chang. Major changes in government occurred in 1975 when the government changed to Socialism bringing in Socialist economic policies and Communist ideology. Trade and commerce was mostly with Communist governments and allies. New economic policies were introduced in 1986 due to the collapse of the Soviet Union. The implementation of New Economic Mechanism has brought many benefits to communities, raising the level of income and a growing tourism industry. The economy is advancing with the rise of both imports and exports. Laos has opened up and accepted foreign aid and many joint projects and investment ventures with >30 foreign nations. Educational system development is progressing but needs continued support and financial resources. There are 20 educational projects funded by foreign nations and international groups to develop and modernize educational systems. Luang Prabang is Laos 4th largest city and is recognized by UNESCO as a World Heritage Site. The city is famously known as the Best preserved City in Southeast Asia. Luang Prabang has many cultural tourist attractions and beautiful natural surroundings. Thailand and Laos are neighbors and have close relations with one another. Thailand is also a preferred choice and destination for Lao students seeking degrees in many campuses and studies. Cooperation between both countries will contribute and benefit the society, culture, economy and tourism bringing prosperity to both nations.