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Tuesday, December 24, 2024
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Economy

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 13 million to upgrade six bridges and improve road safety on National Road No. 8 which connects Laos, Thailand and Vietnam.   Korean Ambassador Jung Yung Soo highlighted the project as a symbol of Laos-Korea cooperation and...

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...

Rising Costs Prompt Market Reform Proposals

National Assembly Representative for Vientiane Capital, Valy Vethsaphong, has called on the Lao government...

Vientiane Economy Hits 5.85 Percent Growth, Beating Expectations

Vientiane Capital's economy grew by 5.85 percent, surpassing the National Assembly's initial target of...

Which Dams Are Releasing Water in Laos?

As monsoonal rains drench Laos and rivers continue to rise across the country, several hydropower projects have been forced to release water. Where are...

India Seeks Expansion of Highway To Laos, Cambodia, and Vietnam 

India is now looking to expand the India-Myanmar-Thailand Trilateral Highway to Laos, Cambodia, and Vietnam, in order to increase connectivity of the region.  ASEAN Briefing...

A Boom of New Lao Businesses

Over 7,640 new businesses registered to operate in Laos over the last six months, representing a 14.5 percent increase over the same period last...

Nam Lik 1-2 Power Company to Release Water

Residents of Vientiane Province have been advised by the Ministry of Energy and Mines to prepare for changes in water levels tomorrow due to...

Railway Fencing Stolen Along Laos-China Railway

The Laos-China Railway Company has reported the theft of fencing along the railway line, raising concerns for the safety of trains and passengers. Some 26-meters...

Vientiane Municipal Officials Admit Failure to Manage Flooding

Vientiane municipal officials have admitted that flooding in Vientiane Capital occurs due to blocked drains which have not been cleared because of budget constraints. Head...