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Tuesday, December 24, 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...

MRC Secretariat Chief Calls for Urgent Action in First Mekong Day Address

Mekong River Commission Secretariat CEO Dr. Anoulak Kittikhoun sounded the alarm about the unprecedented challenge now facing the river on "Mekong Day." In his speech...

Government of Laos Consults with Private Sector on Fuel Pricing

The Lao Ministry of Industry and Commerce and the Ministry of Finance held a meeting yesterday with members of the private sector to discuss...

Laos National Assembly Holds Brainstorm Session to Solve Economic Problems

The National Assembly of Laos met yesterday for a special brainstorming session to address the country's economic problems. The brainstorming session was chaired by Mr....

Laos Taxes Foreign Tech Firms

The Ministry of Finance in Laos has issued a notice requiring foreign e-commerce and tech platforms to register for Value Added Tax (VAT) in...

World Bank Says War Shocks to Drag on Asian Economies in Coming Months

Disruptions to supplies of commodities, financial strains, and higher prices are among the impacts of the war in Ukraine that will slow economies in...

Laos to Approve More Than 300 New Mining Projects

Laos is considering the approval of 308 new mining investment projects across the country.  Deputy Ministry of Planning and Investment, Ms. Khamchanh Vongsenboun spoke during...