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Vientiane
Monday, December 23, 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...

Laos State Fuel Company to Purchase Fuel from Xieng Khouang Refinery

As fuel shortages worsen, the Lao State Fuel Enterprise has signed a purchase agreement with an oil refinery in Xieng Khouang. Mr. Sisangkhom Khotyotha, Director...

Laos Chamber of Commerce Proposes Strategies to Stabilize Currency

The Lao National Chamber of Commerce and Industry has proposed a number of strategies for stabilizing the currency and ending the ongoing fuel crisis...

“Fuel Tourism” as Laotians Cross into Thailand to Fill Up

A new type of tourism has emerged as a burgeoning fuel crisis sweeps across Laos, with Laotians crossing into Thailand to fill up their...

Government of Laos Seeks Way Out of Fuel Crisis

The Government of Laos is seeking solutions to the fuel crisis, including finding ways to access the foreign currency desperately needed to bail out...

Vientiane Province Closes Tourist Sites Around Nam Ngum Reservoir

Tourism sites around the Nam Ngum Reservoir will be closed to visitors for 18 months due to a development project in Keooudom District, Vientiane...

Laos Fuel Crisis Nears Breaking Point as Vientiane Capital Runs Dry

Motorists in the nation's capital queued for hours yesterday in the hope of filling up their tanks before pumps ran dry. Provinces across the country...