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Vientiane
Sunday, December 22, 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...

Vice Minister of Energy and Mines Opens LXML Sepon Underground Mine

Community and government stakeholders yesterday visited Lane Xang Minerals Limited (LXML) Sepon mine opened the first modern underground mine in Lao PDR. With a mineral...

Bank of Laos Blames Currency Manipulation for Crisis

The Bank of the Lao PDR has called out currency manipulators and blamed the importation of unnecessary luxury items as reasons for the current...

Laos Sees Over 2,000 Visitors After Full Reopening

Laos has recorded more than 2,000 arrivals at land borders and Wattay International Airport following the country's 9 May reopening. Dr. Kikeo Khaykhamphithoune, Deputy Prime...

Students in Laos See a Difficult Future in the “New Normal”

With the government’s recent decree reopening the country, many in Laos are hoping to pick up where they left off before the pandemic abruptly...

Laos Economic Recovery Challenged by Debt and Rising Prices

While the economy is beginning to recover from the effects of Covid-19, Laos faces stiff challenges associated with long-standing macroeconomic imbalances, according to the...

Vientiane Petrol Station Owner Issues Apology for Coffee Confusion

The franchisee of a PTT petrol station in That Luang, Vientiane Capital, has publicly apologized for forcing customers to purchase coffee prior to being...