26 C
Vientiane
Saturday, November 15, 2025
spot_img

Economy

Laos Uncovers Widespread Corruption, Records Billions in Losses Over Five Years

Laos has uncovered widespread corruption cases nationwide over the past five years, identifying 334 individuals implicated in financial misconduct between 2021 and 2025, with total losses exceeding LAK 642.93 billion (nearly USD 30 million), alongside significant losses in multiple foreign currencies.  Khamphanh Phommathat, President of the State Inspection Authority (SIA),...

Lao State Fuel Company Set to Transform into Public–Private Joint Venture

The Lao government is moving to restructure the Lao State Fuel Company (LSFC) into...

EDL-Gen Signs an Agreement to Boost Floating Solar, Carbon Credit Initiatives

On 10 November, Électricité du Laos Generation Public Company (EDL-Gen) signed an agreement with...

National Assembly Calls for Action on Roads, Education, Agriculture

At the 10th Ordinary Session of the 9th National Assembly on 11 November, members...

Construction Begins on National Road No. 2W Upgrade Project Worth USD 10 Million

On 11 November, the Ministry of Public Works and Transport (MPWT) signed a contract...

Laos-China Railway to Begin Cross-Border Service on 13 April

The Laos-China Railway is set to open for cross-border service between the two countries on April 13, according to the governor of Luang Namtha...

4th MRC Summit to Balance Economic Growth, Environment Sustainability

The Mekong River Commission (MRC) is expected to promote regional economic growth in the Lower Mekong River Basin and protect the mighty Mekong River...

Maserati Optimistic About Sales Potential in Asia Pacific Region

Maserati, the Italian luxury sports car manufacturer, is targeting the LGBTQ community in Thailand and the Asia Pacific as a key demographic for their...

Ministry of Health Vows to Improve Hospital Care and Service in Laos

The Ministry of Health has pledged to tackle the issue of inadequate hospital care and service in response to public demands for improvement at...

14th Lao Business Forum Sees 400 Local and International Participants

The 14th annual Lao Business Forum, held on 27 March 2023, took place in Vientiane to review the progress of public-private dialogue aimed at...

National Industrial Park Launched in Cooperation With Asia-Potash International

The Lao government and SINO-KCL on Friday signed a Memorandum of Understanding (MOU) on a project titled “Asia-Potash International Intelligent Circular Industrial Park." The government...