20 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...

Government of Laos to Value State Assets

The Government of Laos is considering engaging an international consulting firm to determine the value of state assets, particularly those pertaining to natural resources. Vientiane...

Cambodia Looking Into Railway Connection with Laos

A Cambodian delegation has arrived in Laos to explore the possibility of connecting Cambodia and Laos via a railway line. Members of the Cambodia Logistics...

Lasting Laos: Reopening the Country to Sustainable Tourism

The "Lasting Laos" campaign and the SUSTOUR Laos Project are working with local businesses to encourage sustainable tourism and help the Lao economy recover...

Nam Tha 1 Hydropower Station Successfully Sends Power to China

China and Laos have attained two-way transmission of power for the first time since a grid link project between the two countries was initiated...

Singapore Hungry for Electricity from Laos

Laos will shortly begin supplying Singapore with electricity under the Laos-Thailand-Malaysia-Singapore Power Integration Project (LTMS-PIP). Vientiane Times reported on Monday that a total of 100...

Ministry of Labor and Social Welfare Raises Minimum Wage

The Ministry of Labor and Social Welfare will raise the minimum wage for low-skilled workers amid the rising cost of living in Laos. According...