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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...

Lao Officials Promote Environmental Protection at Mining Projects

Laos is promoting investment in mining to boost revenue through the export of natural resources, however, officials say it must also ensure environmental protection. ...

New Expressway to Link Houaphanh Province with Vietnam

The Government of Laos has agreed with contractors to conduct a feasibility study for the construction of an expressway from Houaphan Province to the...

AIF Group Purchases Majority Stake in Entreprise des Postes Lao 

AIF Group has purchased a major stake in Laos’ state-owned post company, Enterprise de Postes Laos. A signing ceremony was held on 28 April at...

Ariana Invests in Laos Gold and Copper Exploration with Asgard Metals

Ariana Resources, via its wholly-owned Asgard Metals Fund, is to take an interest in Annamite Resources Holdings Pte Ltd, a Singapore-based company with copper and...

Government of Laos Vows to Tackle Currency and Fuel Prices in May

The Government of Laos has outlined currency depreciation and high fuel costs as the two most urgent issues it will tackle this month. Government Spokesperson...

World Bank Country Director for Laos Meets with Finance Minister

The World Bank Group’s Country Director for Myanmar, Cambodia, and Lao PDR, Mariam Sherman, today began her first visit to Laos by meeting the...