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Monday, December 23, 2024
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Economy

Korea Funds Bridge, Road Safety Upgrades on National Road in Laos

On 19 December, the Korea International Cooperation Agency (KOICA) announced a grant of USD 13 million to upgrade six bridges and improve road safety on National Road No. 8 which connects Laos, Thailand and Vietnam.   Korean Ambassador Jung Yung Soo highlighted the project as a symbol of Laos-Korea cooperation and...

Vientiane Surpasses Poverty Reduction Target, 99.43% Progress Achieved

Almost the entirety of Vientiane’s population is now above the poverty line, according to...

State Budget Mismanagement Uncovered in Vientiane Capital

Laos is facing issues in managing its state budget, with billions of kip unaccounted...

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...

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...

Government of Laos Agrees to Raise Minimum Wage

The Government of Laos has agreed to a minimum wage increase amid a rising cost of living and rampant inflation. The decision was reached among...

USD 210 Million Spent on Poverty Reduction in Laos Since 2003

Laos has received USD 210 million in poverty reduction funding from international organizations over the last eighteen years.  Mr. Phatnakhone Kanthamixay, Director of the Poverty...

Bolikhamxay Officials Clarify Viral Logging Truck Image

An image of a truck transporting timber that rolled over in Bolikhamxay Province went viral this week, drawing criticism from social media users who...

Golden Triangle Special Economic Zone Celebrates 15th Anniversary

The Golden Triangle Special Economic Zone celebrated its 15th anniversary this month amid much fanfare and media coverage domestically. The Zone, located along the Mekong...