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Monday, December 23, 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...

Tri-Country Freight Train to Run through Malaysia, Thailand and Laos

The new tri-country freight train, or ASEAN express, between Malaysia, Thailand and Laos will begin operating in October of this year. The Star reports...

Laos Sees Trade Deficit of USD 144 Million in July

Laos posted a trade deficit of 114 million US dollars in July as the balance of imports and exports trended downward. According to the most...

Xayaboury Residents Warned as Dam Raises Alert to Level 2

Authorities in Xayaboury Province have warned residents in communities near the Mekong River to be prepared for flooding as the Xayaboury Dam raises its...

Disney-Supported Project to Improve Working Conditions in Laos

A program supported by the Walt Disney Company to improve global working conditions was the center of discussions held Monday between representatives from the...

Thailand to Fast Track Railway Connection With Laos

The Thai Minister of Transport will visit Laos at the end of this month to discuss the construction of a railway connection between Thailand...

Passengers Confused by Laos-China Railway Stance on Standing Tickets

Laos-China Railway passengers are confused by a poll on social media regarding the potential sale of standing tickets, however, the railway has now responded...