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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...

‘Unlocking’ Reform Policies Can Help Laos Realize Economic Potential

Laos is facing significant economic challenges but has the potential to develop sustainably and more equitably, according to a new World Bank report. The latest...

Inflation Rate Hits 12.8 %

The rate of inflation in Laos reached 12.8% in May, the highest point in 15 years. According to information provided by the Bank of Laos,...

Laos Exports Sticky Rice to China through Railway System 

Laos exported the first large quantity of sticky rice to China from the Southern Vientiane Railway Station. Vientiane Times reports that Indochina Development Partners Lao...

Prime Minister of Laos Appoints Taskforce to Address Economic Problems

The Prime Minister of Laos has formed a special taskforce to address the country's economic problems and resolve an ongoing fuel crisis. According to a...

Vientiane-Vang Vieng Expressway Resumes Operation After Shooting 

The Vientiane-Vang Vieng expressway continues to operate and ensure customer safety following a shooting at the exit tunnel between Hin Heup and Vientiane. Vientiane...

LXML Pays USD 5.84 Million Royalty for 1st Quarter 2022 to Lao Government

Ministry of Finance (MOF), State Assets Management Department, Director General, Mr Phouthasin Heungthavong received a royalty payment for the first quarter of 2022 copper-gold...