26.6 C
Vientiane
Sunday, December 22, 2024
spot_img

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...

Families in Laos Face New Economic Challenges as Impact of Covid-19 Recedes

While the negative impacts of Covid-19 appear to be receding, households in Laos are facing new economic challenges, according to the World Bank. Results from...

Laos Sees Trade Deficit of USD 133 Million in June

Laos posted a trade deficit of 133 million US dollars in June as the balance of imports and exports trended downward. According to the most...

Motorists Fed up with Broken Traffic Lights in Vientiane Capital

Motorists in Vientiane Capital have reported broken or malfunctioning traffic lights throughout the city's main districts. Some sets of traffic lights in Vientiane Capital have...

Cambodia Launches “My Second Home” Program to Encourage Foreign Investment

Cambodia has launched a program to encourage foreign investment that offers a ten-year visa and other benefits to those who invest in the country. Khmer...

MRC: Maximize Advantages and Minimize Impact of Hydropower Projects

The Mekong River Commission (MRC) has urged the six countries along the Mekong River to maximize the advantages of hydropower projects while minimizing their...

Laos Inflation Reaches 22-year High at 23.6 Percent

Year-on-year inflation in Laos increased to 23.6 percent in June, according to the latest statistics from the Lao Statistics Bureau. Vientiane Times reports that the...