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Vientiane
Saturday, December 21, 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...

Bank of the Lao PDR Considers Measures to Combat Exchange Issues

The central bank of the Lao PDR is considering measures to address money-related problems including Kip depreciation and rising inflation. According to the Lao News Agency...

Bank of the Lao PDR to Issue 5 Trillion in Saving Bonds 

The central bank of Laos PDR will issue LAK 5 trillion in savings bonds to individuals and legal entities residing in the Lao PDR,...

Laos Needs Improved Hydropower Safety Legislation: Energy Minister

Lao Minister of Energy and Mines, Mr. Daovong Phonekeo, says enacting a specific law to ensure dam safety is a vital part of the country's...

MRC Unveils Technology to Monitor Mekong Water Quality and Fish Migration

With hydrological projects now a daily reality along Southeast Asia’s most important waterway, the Mekong River Commission and its partners have introduced new technology...

Bolikhamxay Province Runs Out of Diesel Fuel

Petrol stations in Bolikhamxay Province have completely run out of diesel fuel, forcing many to close down for several days. The District Department of Industry...

Domestic Tourists in Laos Lured Away by Renewed International Travel

With international borders recently reopened, high-volume domestic destinations such as Vang Vieng, which received an influx of domestic tourists during the pandemic, have begun...