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Vice President Lauds EU Support For Lao Development

Vice President Phankham Viphavanh has highly valued the substantial contribution made by the European Union (EU) to boost development and assist poverty reduction efforts in Laos.

Trade Declines, Investment Rises With Plus Three Countries

The value of ASEAN trade with the plus three countries;China, Japan and South Korea, decreased last year while Foreign Direct Investment (FDI) increased from the same three countries.

 

In 2015, ASEAN total trade with the plus three countries amounted to US$708.6 billion and accounted for 31.1 percent of ASEAN’s total trade while the total FDI flowing from the plus three countries into ASEAN was valued at US$31 billion.

Govt Announces a Halt On Fuel Tariff Exemptions

The government made an official announcement in Vientiane on Thursday to completely halt fuel tariff exemptions in a move to close loopholes in illegal oil imports.

Borikhamxay Ceases Wood Processing Plants

Borikhamxay provincial authorities have cancelled the business operations of 13 wood processing plants after finding that they had permanently ceased their processing operations for many years and that some were in violation of the law.

Laos, China Want Better Synergy In Development

Laos and China are aiming to achieve better synergy in development with the relevant sectors from both countries to work together to merge Laos’ Eighth five-year National Socio-Economic Development Plan (NSEDP) with China’s 13th five year NSEDP.

PRF Provides 189M To Construct Gravity-fed Water System

The Poverty Reduction Fund (PRF) provided 189 million kip to fund the construction of a gravity-fed water system in Taloung village, Nong district of Savannakhet province.

Luang Prabang Improving Tourist Sites

Luang Prabang, a tourist destination town, has earmarked US$10 million for the improvement of 20 priority tourist sites, which is now taking place in the two districts of Pak Ou and Chomphet.

Light Rain Forecasted Until August 7

Light rain is forecasted in most provinces across the country from today until August 7, Socio-Economic Newspaper reported yesterday, referring to the Meteorology and Hydrology Department.