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Vientiane
Tuesday, December 24, 2024
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Economy

Bamboo Concession Project to Boost Local Economy in Oudomxay Province.

On 20 December, Oudomxay Province signed a concession agreement with Ammata Lao Lanexang Co., Ltd., a private company, granting them the rights to utilize a total of 697 hectares of land in the province for bamboo concession projects. The agreement establishes the company’s operations in two main areas: The first area...

Vientiane Faces Higher School Dropout Rates in 2023-2024

Dropout rates in Vientiane Capital increased by approximately 13.3 percent during the 2023-2024 school...

Korea Funds Bridge, Road Safety Upgrades on National Road in Laos

On 19 December, the Korea International Cooperation Agency (KOICA) announced a grant of USD...

Vientiane Surpasses Poverty Reduction Target, 99.43% Progress Achieved

Almost the entirety of Vientiane’s population is now above the poverty line, according to...

State Budget Mismanagement Uncovered in Vientiane Capital

Laos is facing issues in managing its state budget, with billions of kip unaccounted...

Nam Ngum 1 Dam Begins Operating New Extension

The expansion of the hydropower station in Nam Ngum 1 dam was officially launched on Saturday with assistance from the Japanese government.  The existing dam...

Transport Trucks Remain Stranded at Laos-China Border

Strict Covid-19 controls by China have meant cargo trucks from Laos have been unable to deliver freight, leaving thousands of trucks stranded at the...

Laos Government Affirms Commitment to Preventing Default

The Government of Laos has reiterated its pledge to avoid default, with relevant agencies being directed to take more proactive measures to address the...

New UK Initiative to Boost Trade with Laos

A new initiative announced by the UK aims to promote the growth and prosperity of developing nations through the power of trade. The UK's new...

Lao Airlines Reinstates Major Routes in New Winter Schedule

Lao Airlines has released its long-awaited winter schedule, bringing back major routes. Lao airlines has announced on social media that it will be bringing back...

Global Coffee Prices to Rise Amid Drop in Vietnam Supply

Vietnam's large stockpile of coffee beans is diminishing, a development that is expected to push global coffee prices even higher. Traders surveyed by Bloomberg predict...