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Saturday, November 15, 2025
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Economy

Laos Uncovers Widespread Corruption, Records Billions in Losses Over Five Years

Laos has uncovered widespread corruption cases nationwide over the past five years, identifying 334 individuals implicated in financial misconduct between 2021 and 2025, with total losses exceeding LAK 642.93 billion (nearly USD 30 million), alongside significant losses in multiple foreign currencies.  Khamphanh Phommathat, President of the State Inspection Authority (SIA),...

Lao State Fuel Company Set to Transform into Public–Private Joint Venture

The Lao government is moving to restructure the Lao State Fuel Company (LSFC) into...

EDL-Gen Signs an Agreement to Boost Floating Solar, Carbon Credit Initiatives

On 10 November, Électricité du Laos Generation Public Company (EDL-Gen) signed an agreement with...

National Assembly Calls for Action on Roads, Education, Agriculture

At the 10th Ordinary Session of the 9th National Assembly on 11 November, members...

Construction Begins on National Road No. 2W Upgrade Project Worth USD 10 Million

On 11 November, the Ministry of Public Works and Transport (MPWT) signed a contract...

Laos to Provide Over 300,000 Employment Opportunities Next Year

The Ministry of Labor and Social Welfare expects to provide training and employment for more than 300,000 workers nationwide. Vientiane Times reports that Ms....

BOL Shares New Credit Policy to Stimulate Lao Economy

The Bank of Lao PDR convened a meeting at the Prime Minister's Office on Tuesday to discuss implementing a new credit policy aimed at...

Explainer: Amended Lao Law on Foreign Currency Management

Over the past two years, Laos has experienced a sharp depreciation of its local currency, the LAK, against foreign currencies. The government has taken...

Lao Govt Keen on Promoting Digital Transformation Via Blockchain Technology

The government of Laos has expressed its support for developing the country's digital technology to advance its economy and society. Prime Minister Sonexay Siphandone spoke...

Volatile Baht Predicted in 2023 Amidst Political and Financial Uncertainties

A new financial outlook released on Tuesday said that the Baht has become increasingly volatile, which has also affected foreign investment in Thailand. A...

Authorities Green Light Lao Dance Sport Federation

The Ministry of Education and Sports in Laos has officially recognized the newly-established Lao Dance Sport Federation to promote competitive dancing in Laos. Before the...