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Vientiane
Monday, December 23, 2024
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Economy

State Budget Mismanagement Uncovered in Vientiane Capital

Laos is facing issues in managing its state budget, with billions of kip unaccounted for, according to the Vientiane Capital People's Assembly on 19 December. President of Central Region Audit Office No.1, Khammone Bouaphanh revealed that LAK 4.77 billion (about USD 217,000) had not been transferred to the official state...

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...

Phout Simmalavong Receives Japan’s Order of the Rising Sun in Official Ceremony

On 18 December, Phout Simmalavong, Minister of Education and Sports and President of the...

Creative Economy Revolution: How ASEAN’s Youth are Leading the Charge

On 2 to 5 December, the Young Southeast Asian Leaders Initiative (YSEALI) Summit 2024...

Khamsavath Station in Vientiane Capital Ready to Operate Soon

Officials from Thailand's railway department visited the Khamsavath Railway Station site in Vientiane Capital last month to monitor progress prior to opening. The new railway...

Bilateral Trade Between Laos and Vietnam up 20.6% This Year

Bilateral trade between Vietnam and Laos climbed 20.6% year-on-year to USD 824 million in the first half of 2022, with fuels making up a...

Laos Government to Resolve Debt, Fuel, Currency Crises

The Government of Laos has pledged to stave off debt default by managing exchange rates and reigning in state enterprises. The commitment to stabilizing the...

ADB: China’s Slowing Growth Impacts Developing Asia’s Prospects

The Asian Development Bank (ADB) has lowered its economic growth prediction for developing Asia - including Laos - to 4.6% this year, down from...

UN: Laos Expected to Reach 8 Million People by 2030

A provincial celebration of World Population Day:  “Towards demographic resilience: supporting individuals’ rights and choices”, was held by the Ministry of Planning and Investment...

Laos Energy Ministry Places Dams on Notice Amid Wet Season Storage

The Ministry of Energy and Mines has placed hydropower projects on notice across the country, telling them to ensure emergency plans are in place...