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Vientiane’s Problematic Donnokkhoum to Nakhuay Road to be Expedited

ທonnokkhoum to 450 years road construction

Authorities in Vientiane Capital hope to resolve the problems facing construction of a new road stretching from Donnokkhoum to Nakhuay villages, connecting to the 450 Years Road in Saysettha District.

Issues faced during construction, which began in 2012, include the contractor running out of money to complete the project, and villagers airing concerns about installation of drainage along both sides of the road, which temporarily affects their livelihoods.

The amount of compensation issued to those who have lost land to the project has not yet been agreed upon.

Represenatives from the Vientiane Department of Natural Resources and Environment have been tasked with holding discussions with affected villagers to explain the necessity of drainage installation, as well as issues related to compensation.

The project is being jointly implemented by the Vientiane Department of Public Works and Transport and the Namtha Road and Bridge Construction Company.

The road is being constructed in three phases. Phase one begins at Donnokkhoum village in Sisattanak District and runs 4,100 meters to Xiengda village in Saysettha District. This section will be 32 meters wide to allow for six lanes of traffic.

Phase two includes a section running from Xiengda village to Nakhuay village, and will be 5,400 meters long.

Phase three, the final section, runs from Nakhuay village to the 450 Years Road. It will be 2,160 meters long and include four lanes for traffic.

Source: Vientiane Times

Ground Broken at First Private Data Center in Laos

LaoDC Data Center Groundbreaking Ceremony

A groundbreaking ceremony was held in Hatxaykhao village yesterday as construction began for the LaoDC data center, the first licensed, privately owned data center in Laos.

The LaoDC data center will be one of the largest data centers in Laos, and will be able to host hardware as well as offering dedicated and virtual services.

“The aim of the data center is to offer international standards at a reasonable price that will be affordable for small to medium-sized and larger enterprises in Laos,” said LaoDC Director, Mr Derek Spranger.

“We will offer a range of IT services, including web and email hosting, as well as off-site data backup solutions, integrated business IT hosting, and on-site setups. Training and consulting will also be available,” he said.

LaoDC Director Derek Spranger Attends Ceremony
LaoDC Director Derek Spranger Attends Ceremony

The LaoDC data center will offer safe and secure hosting services that allow users in Laos to view websites much faster than those hosted overseas, with full local technical support.

The data center, built to international standards by local construction teams, will be ISO certified, and is to be backed up by emergency diesel generators. It will feature a solar plant to reduce environmental impact.

LaoDC Data Center Plans
LaoDC Data Center Plans

The LaoDC data center will use industry standard technology suppliers like APC, Cisco, DELL, Super Micro and Synology.

With over 30 years of combined industry experience in Sweden, Australia, and Thailand, LaoDC can provide customers with the most expert advice and solutions.

The data center is expected to be complete by February next year.

Laotian Times Reporters

Buddha Park Vientiane Undergoes Makeover

Vientiane Capital’s Buddha Park (Wat Xiengkhuan) has just received a makeover. How refreshing!

Visitors will now be able to stroll around the park in clean, paved cement pathways as they enjoy the breathtaking sights of the amazing sculpture park with more than 200 religious statues. Travelers will also appreciate the improved lawn and gardening work made within the vicinity. Upgrades are soon to be made to the front parking area as well.

According to many tourists, the ideal place for a great Instagrammable photo-op is from the top of the giant gourd structure which is approximately three stories high. The entrance is designed to resemble a demon’s mouth (about three meters high) with a stone ladder inside leading to a magnificent view of the entire park.

ໂສມໜ້າໃໝ່ວັດຊຽງຄວນ

Posted by ປະກາດ Pakaad on ວັນຈັນ ທີ 11 ມິຖຸນາ 2018

According to Visit-Laos.com, Buddha Park Vientiane was built in 1958 by Luang Pu Bunleua Sulilat, a monk who studied both Buddhism and Hinduism. This explains why his park is full not only of Buddha images but also of Hindu gods as well as demons and animals from both belief systems. The most outstanding ones include Indra, the king of Hindu gods riding the three-headed elephant (also known as Erawan and Airavata), a four-armed deity sitting on a horse and an artistic deity with 12 faces and multiple hands, each holding interesting objects. They are all equally impressive not only because of their enormous size but because they are full of fascinating details and interesting motifs.

Buddha Park Vientiane Wat Xiengkhouan, Hatsayfong District, Vientiane By: All in LAOS

Posted by All in LAOS on ວັນຈັນ ທີ 11 ມິຖຸນາ 2018

Source: Pakaad, All in Lao, Visit-Laos

Lao Government Bonds Soon to be Available on Lao Stock Market

The Lao Government is in the process of preparing documents, measures and regulatory and legal frameworks necessary to register government bonds on the Lao stock market (Lao Securities Exchange – LSX).

All the arrangements are being handled by the Lao Securities Commission Office (LSCO) and the regulatory work and other measures are set to be completed this year, Secretary General of LSCO Saysamone Chanthachack said.

“According to the planned project, we are set to register the government’s bond on the LSX as soon as possible, but the Ministry of Finance is the key decision-maker,” she said, adding that the bond will be the latest product in the local capital market pipeline.

She said the planned bond offering is based on the experiences learned from neighboring countries and ASEAN-Plus-Three countries (China, Japan, and South Korea) because they have successfully offered products similar to the planned bond.

“I can’t give a fixed schedule as to when the bond will be ready for registration or trade on the LSX, but we are doing our best to pave the way for its registration,” Chanthachack said.

Seven companies are currently listed on the local stock market:

  • Banque pour le Commerce Exterieur Lao Public (BCEL)
  • EDL Generation (EDL-Gen)
  • Lao World (LWPC)
  • Petroleum Trading Lao (PTL)
  • Souvanny Home Center (SVN)
  • Phousi Construction and Development (PCD)
  • Lao Cement Public Company (LCC)

“According to the plan, two to three companies are set to be listed on the LSX this year and some companies are now preparing to meet the requirements of the LSX,” she said.

A sovereign bond is a debt security issued by a national government. Sovereign/government bonds can be denominated in a foreign currency or the government’s own domestic currency, generally with a promise to make periodic interest payments and to repay the face value on a maturity date.

The LSX was established in 2010 with technical and financial support from South Korea. The Korea Exchange has a 49 percent stake in LSX.

Thailand provided technical advice to help build the exchange and it became operational on the 11th of January, 2011.

Source: Vientiane Times

Vientiane Bans Soil Excavation or Transportation During Rainy Season

The Vientiane Department of Public Works and Transport issued a notice temporarily banning the excavation and transportion of soil and sand throughout the capital throughout the rainy season, from 15 June to 15 October 2018.

Probably the Best Football Campaign Ever

Carlsberg World Cup

The anticipated football craze is finally here and even better news for football fans is that they get a chance to score limited-edition merchandises from Carlsberg’s Summer Football Campaign. Football spirit is on full mode. The campaign calls out to beer lovers and football fans to collect their favorite country of either England, France, Germany, Brazil, Spain, Portugal or just all of them. But the question is… who are you rooting for?

 Carlsberg World Cup

Carlsberg – “Probably the Best Beer in The World” is celebrating the football event by featuring the mentioned six countries’ flag on its bottles and cans over Carlsberg’s signature hop leaf shape as limited-edition packaging. Let’s just mention that it’s probably the cutest thing ever. Have you seen it?

Carlsberg World Cup

Carlsberg World Cup Laos
Even the “Probably best beer in World” want to celebrate the The Most watched football game in the World

 

It’s a face-off between Germany and France… Who can model it better? You choose!

 

We got Spain cheering on for Denmark! What a good sport!
We got Spain cheering on for Denmark! What a good sport!

 

Spain with their game face
Spain with their game face

 

 

We have France team looking pretty fierce right now
We have France team looking pretty fierce right now

 

We have been spotting these cute can and bottle jersey shaped coolers at all these participating outlets, and we can’t get enough of the charm and football spirit. 

Grab one to make your experience a little more fun – and join in on the celebrations at our top choices to watch the football craze! After all, it’s only here every four years so let’s celebrate it the right way.

 For Huge Excitement and to Cheer on with a big crowd, come experience it at either Vientiane Center or ASEAN Mall.

WORLD CUP “BIG MATCH” DATES:

  • 30/6/2018- Round 16
  • 06/07/2018- Quarter Finals
  • 07/07/2018- Quarter Finals
  • 14/07/2018- Play Off
  • 15/7/2018- FINAL

 Our other top choices to cheer and experience the overall football spirit:

 

  • O’Grady’s Irish Pub & Restaurant

 

 

  • X2 Restaurant

 

 

  • X3 Restaurant

 

 

  • Sai Chai

  

 

  • Bar The Way

 

 

  • Bor Pen Yang

 

  

Get your adrenaline pumping and we will see you there!

 

This Week in Lao Social Media

Dolphins in the Lao Social Media

Dolphins, elephants, and counterfeit notes dominated the Lao social media landscape this week, as well as a pair of metal flip-flops, and an honest stranger who faced the music after scratching someone’s car.

Lao People Are Paying Too Much For Rice

Lao people are paying some of the highest prices for rice in the region despite the country being a significant rice producer, according to the recently released World Bank Economic Monitor on Laos.

Rice is the country’s biggest agricultural commodity. The crop covers about 75% of arable land in the country and 90% of production is glutinous rice (also known as sticky rice).

The production meets 95% of domestic consumption along with 70% of Lao households’ caloric and protein intakes.

However, Lao rice is not competitive in foreign markets with only 5% being exported, mainly to the neighboring countries of China and Vietnam.

The retail price for second grade rice in Vientiane Capital is about US$0.85 per kilogram, the highest among countries in the region.

The World Bank analysis suggests that farmers have comparatively low profit margins, while consumers are paying one of the highest prices for rice in the region.

Key challenges for Lao rice value chains include production costs, accounting for 29% of the final consumer price, the relatively high cost of hired labor, a lack of mechanization and low yields.

Improvements will depend on more productive partnerships between farmers and millers as well as more streamlined business regulations, improved public services to enhance rice commercialization, and better access to finance. These efforts will reduce farm production costs and increase the quality of rice, addressing some of the sector’s key challenges, said the report.

To download the full World Bank Economic Report on Laos, click here.

Sources: World Bank Economic Report, Vientiane Times, Xinhua, VietnamPlus