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Vientiane
Sunday, December 22, 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...

Paths to Recovery in Laos: Restore Economic Stability, Increase Inclusion, and Strengthen Resilience

Critical near-term challenges for Laos include restoring macroeconomic stability, improving economic inclusion, and protecting its people against environmental and economic shocks, according to a...

National Treasury and ICBC Cooperate in Tax Payment System

The National Treasury and the Industrial and Commercial Bank of China (ICBC) have begun cooperation in systems for payment of taxation into the state...

Interview with Israeli Ambassador to Laos, Mr. Nadav Eshcar

As Nadav Eshcar, Israeli Ambassador to Laos and Vietnam, concludes his five-year diplomatic mission in the region, he speaks with the Laotian Times to...

Geothermal Power to Generate Over USD 600 Million Annually for Laos

Laos will generate over USD 600 million each year from selling geothermal power to Vietnam.  The Lao Development and Investment Co., Ltd. (LDIC), the Canadian...

Australia Supports Laos in Improving Transport and Trade Connectivity

The Australian Government is supporting the Government of Laos in improving transport connectivity, cross-border trade, and logistics along an east-west corridor in northern Laos. A...

Laos to Bolster Sustainable Trade, Diversify Value Chains Under ARISE Plus Project

Representatives and stakeholders from the industry and commerce sector and the European Union came together to discuss sustainable trade solutions at the ARISE Plus...